1887 Morgan Silver Dollar Value
Mintage: 20,290,710
Finest Known: MS68 (NGC) MS68 (PCGS)
Auction Record: $34,500 (MS68)
Image: USA CoinBook
The 1887 Morgan dollar was the third record silver dollar mintage in a row from the Philadelphia Mint. Today, it is one of, if not the, most common 1878-1904 Morgan dollar on the market.
Thanks to several disbursements from the Philadelphia Mint from the late 1930s to the 1960s, there has never been a shortage of Mint State 1887 Morgan dollars. It is estimated that over 1 million Mint State 1887 Morgans still exist!
The Value of an 1887 Morgan Dollar
More than 20 million 1887 Morgan dollars were struck, and it seems like most of them are still with us today. Several million circulated examples are thought to still exist, but the mountains of Mint State coins keep prices depressed. As an example of how plentiful Mint State 1887 Morgan dollars are,you have to go all the way up to MS66 to see a price over $200.
Most 1887 Morgan dollars have an average strike, though there are plenty sharp strikes available with a little searching. Most exhibit a muted, satiny luster, rather than a frosty one.
1887 Morgan Dollar Price Guide
| Very Fine 25 | Extremely Fine 45 | About Uncirculated 55 |
|---|---|---|
| $36 | $38 | $45 |
| Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS68) |
|---|---|---|---|
| $59 | $72 | $162 | $34,500 |
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.