This is a relatively rare magician's coin. It was not done at the Mint like this, but rather somebody altered two coins and glued the pieces back together. However, this is rarely seen on Morgan dollars -- usually just on smaller, more modern coins. I would estimate its value at about $25, due to its rarity.
First, it is not a Morgan dollar, it is a Peace dollar, second, it is worth around melt value to local dealers. That value is $23.50 .
Morgan dollars are silver, not gold.
This is an alter coin and was not done at the mint. It is worth only its silver value which is around $14-$16.
A circulated 1878 Morgan silver dollar can be worth 32 to 156 dollars.
Is it a Morgan Silver dollar? Try Aboutdot.coins
The last Morgan dollar was struck in 1921. The date 1923 is a Peace dollar. Average value is $37.00-$41.00
The last year for Morgan dollars was 1921.
Hi, Your Morgan Dollar is worth $10.00-20.00
A 1922 dollar with the word "Peace" on the back would be a Peace dollar rather than a Morgan dollar. "Morgan" refers to George T. Morgan, the artist who designed the silver dollars minted from 1878 to 1904 and in 1921. There's more information at the question "What is the value of a 1922 US silver dollar?"
The last Morgan dollar was struck in 1921. You have a Peace dollar. Please see the Related Question for more information.
The value of 1889 Morgan silver dollar replica ranges from $23.01 to $26.76
This stuff has no numismatic collectible value. As for the value, try eBay. For some reason they do sell a lot of Morgan dollar copy's.