1887-S Morgan Silver Dollar Value
Mintage: 1,771,000
Finest Known: MS67 (NGC) MS67 (PCGS)
Auction Record: $58,800 (MS66+)
Image: USA CoinBook
Many 1887-S Morgan dollars entered circulation relatively soon after being minted. The rest apparently remained in San Francisco Mint vaults until they were released after WWII.
This is one mintage that was missing from the great Treasury vault disbursals on 1962-1964.
The Value of an 1887-S Morgan Dollar
The 1887-S Morgan dollar has been somewhat available in circulated grades since the date of issue. Mint State coins were exceedingly scarce until the late 1940s. Many bags came out of the San Francisco Mint over the next decade, easing the shortage of uncirculated coins.
That said, many of these coins were unable to earn high Mint State grades. This can be seen by comparing the prices of MS63 and MS65 1887-S Morgan dollars.
1887-S Morgan Dollar Price Guide
| Very Fine 25 | Extremely Fine 45 | About Uncirculated 55 |
|---|---|---|
| $36 | $38 | $65 |
| Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS66+) |
|---|---|---|---|
| $162 | $254 | $1,440 | $58,800 |
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.