History, Information, and Value of 1887 Morgan Dollar
Value of 1887-O Morgan Silver Dollar
The 1887-O Morgan Silver Dollar seems to have always been available on the coin market, possibly due to occasional releases of mint-sealed bags known to have occurred in 1938, 1953, 1957, 1964 and other years. Circulated dollars are very common, including high grade AU coins. Typical Mint State coins are heavily bagmarked, and poorly struck with dull luster. The striking of the 1887-O is average or below average as during this era, the New Orleans Mint spaced dies too far apart, resulting in lower quality strikes. The luster of this coin ranges from grainy and dull to frosty. No proofs were produced from this mint.
Add a Nice AU Coin to Save on Expense: Almost always available at coin shows, with AU coins getting the most attention; these are available at a fraction of the cost of Mint State pieces.
Pick a $1 Silver Coin With Good Strike for Maximum Worth: Pick your grade and it’s there for you. MS-64 is a grade that delivers quality and value in our opinion, especially when cherrypicked for strike and luster.
The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1887.” 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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