1887-O Morgan Silver Dollar Value
Mintage: 11,550,000
Finest Known: MS66 (NGC) MS66+ (PCGS)
Auction Record: $48,000 (MS66+)
Image: USA CoinBook
Eleven and a half million Morgan dollars were struck in New Orleans in 1887. Many 1887-O Morgans were released into circulation. The supply of Mint State coins was augmented by releases of 1887-O Morgan dollars from government vaults in 1938, and through the 1950s. Many 1887-Os were among the millions of New Orleans Morgan dollars disbursed from Treasury vaults from 1962 to 1964.
The Value of an 1887-O Morgan Dollar
The 1887-O Morgan dollar suffers from the same poor, flat strike and uninspiring luster as many other coins from the New Orleans Mint. While millions were saved, excessive bag handling means that most suffer from excessive bag marks. This limits grades on most Mint State coins to MS63 or lower, where examples are plentiful. Compare the prices between MS63 and MS65 in the chart below.
1887-O Morgan Dollar Price Guide
| Very Fine 25 | Extremely Fine 45 | About Uncirculated 55 |
|---|---|---|
| $36 | $38 | $54 |
| Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS66+) |
|---|---|---|---|
| $101 | $157 | $1,810 | $48,000 |
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.