History, Information, and Value of 1886 Morgan Dollar
Value of 1886 Morgan Silver Dollar
The 1886 Morgan Silver Dollars produced at the Philadelphia Mint are very common as the 19,963,000 circulation strike mintage broke all previous records for the denomination. Quantities were released by the Treasury over a long period of years. In the 1950s, anyone finding a $1,000 bag of 1886 dollars may have thrown it back like a fisherman tossing back an undersized trout. Today, examples are available in both worn and Mint States grades. Most are well struck, but due to the overuse of dies, more than a few surviving Mint State coins are grainy and show metal flow lines. Generally, the luster on the 1886 is quite dull, which may mess with the worth of the coin. The proofs are always available in most grades but look for a pleasing specimen with cameo contrast; a diligent search will prove rewarding in the long run.
Don’t Look to Pay too Much for These Circulated Coins: EF and AU coins abound and may be obtained at a small cost above “melt” in many instances.
Another $1 1886 Coin with High Grades Available: There is no shortage of Mint State coins, even in the upper MS-65 and 66 levels. Look for a nice MS-65 with bold luster and a solid strike for the optimum “bang for your buck.”
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.” 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.
The Morgan Dollar series is very popular among collectors. If you have a Morgan (Liberty) Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to help you. We run rare coin auctions and will find your treasured coin a home where it will be valued. Additionally, if you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!