History, Information, and Value of 1887 Morgan Dollar
Value of 1887 Morgan Silver Dollar
The Philadelphia Mint broke its production record of the prior year by striking 20,290,000 1887 Morgan Silver Dollars. The record high mintage translates into the issue being the most plentiful of all Morgan issues from 1878 to 1904. Striking varies from flat at the centers, to fairly decent. Deeply lustrous coins are more difficult to find, as the luster on this mintage is typically dull and somewhat greasy. Proofs of the date can prove quite challenging if a coin with cameo contrast and exceptional eye appeal is desired-they exist but are absolutely in the minority. Patience will be rewarded.
Don’t Spend Much More Than the Melt Price for a Circulated $1 Example: Always available in most grades though lower-graded pieces often make it to the melting pot instead of collections. An abundance of AU pieces is available, mostly for a pittance over silver “melt” value.
This Coin Can Be Found in Almost Any Grade: Abundantly represented in just about very Mint State grade imaginable right up to ultra-gem quality. Be prepared to cherrypick to find a lustrous specimen with excellent cartwheel activity and bold design details. Look for MS-65 to add some good worth to your collection.
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.” 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!