Assuming the coin is certified by one of the top 3 grading company's. The 1881 Morgan dollar in MS-65 has a current market value between $550.00 & $675.00.
A MS-66 1901-O Morgan has a average retail value of about $700.00 for a slabbed (certified) example. A raw coin would be much less.
The melt value of a Morgan silver dollar is about $25.00
Morgan dollars are silver, not gold.
The only value is if there is silver in it, if not no collection value at all.
Morgan silver dollars were not minted until 1878.
The Morgan Silver Dollar can range from $25 to $70, and the Peace Silver Dollar from $50 to $300.
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The 1887 Morgan silver dollar is very common. Circulated coins are valued at $30.00-$40.00.
Assuming this is a MORGAN SILVER DOLLAR in circulating condition and no mint mark ,the value is approximately $38.00.
The value of 1889 Morgan silver dollar replica ranges from $23.01 to $26.76
A circulated 1878 Morgan silver dollar can be worth 32 to 156 dollars.
There were no Morgan silver dollars minted in 1804. The first year of mintage for them was 1878.