At the time of writing it is worth $23.30 in silver content.
Assuming it's a more common Morgan dollar, about $13 for its silver content
If the coin is so worn that it has no date, its value is limited to its silver content or about $13.
I don't believe there is a 1876 Morgan silver dollar. I believe in 1876 it was a For the silver content: ~$9 (12/30/08) Depending on condition: $500-$3000
.773 Oz of silver in all Morgan and Peace dollars. A good place to check the melt value of US coins is http://www.coinflation.com/
While the colorization might appeal to a select market, the defacement of the coin destroys any and all collector value, so the only remaining value is that for the silver content. As of 2 March 2013, a 1921 Morgan dollar is worth $22.
Morgan dollars are silver, not gold.
The Morgan Silver Dollar can range from $25 to $70, and the Peace Silver Dollar from $50 to $300.
Morgan silver dollars were not minted until 1878.
The only value is if there is silver in it, if not no collection value at all.
The value of 1889 Morgan silver dollar replica ranges from $23.01 to $26.76
Is it a Morgan Silver dollar? Try Aboutdot.coins
The hole destroys any collector's value that the coin may have had. It's still worth about $12-15 for its silver content, however (as of 06.2010)