History, Information, and Value of 1886 Morgan Dollar
Value of 1886-O Morgan Silver Dollar
The New Orleans Mint struck silver dollars exclusively this year. Nevertheless, production was sloppy with the dies spaced too far apart. Millions of coins were poorly struck. Most were released in the 19th century or melted in 1918 and very few were ever saved for numismatic purposes. Striking varies from flat at the centers to fairly sharp. Luster ranges from flat and grainy to fairly frosty. The 1886-O Morgan Silver Dollaris very common in worn grades and exceedingly rare in gem Mint State. If you want a coin that will be worth more in the future, a UNC 1886-O is a good investment. No proofs were produced at this mint.
Worn 1886-O $1 Silver Coins Should be Easy to Track Down: Always available in lightly circulated EF and AU, with a plenitude of lower grades also available. The majority of the mintage saw circulation, lengthy or limited, but pocket change nonetheless.
Hard to Find in Higher Grades, But Not Impossible: The 1886-O is one of “those” Morgan dollars, plentiful in all grades up to choice AU-58, but after that it is catch as catch can to find a pleasing Mint State coin. Even at “just” MS-60 to 62 the date proves elusive, and at MS-63 and above collectors face one of the first great challenges in the series. A pleasingly lustrous and nicely struck MS-63 coin represents value and quality without harming your numismatic budget.
The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1886.” The reverse text on the Liberty dollar reads “United States of America; In God We Trust; One Dollar; O.” The obverse of the silver one dollar coin has a bust of a female facing the left wearing a cap and small crown, with flowers tucked in her hair and stars surrounding the border. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.
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