1886 Morgan Silver Dollar Value Guide

The 1886 Morgan Silver Dollar is a cornerstone of American numismatics, authorized by the Bland-Allison Act to utilize the nation's silver bullion. Designed by George T. Morgan, this 90% silver coin features a classic profile of Lady Liberty and remains highly sought after for its historical significance.

What Is 1886 Morgan Silver Dollar Worth?

The typical price range for 1886 Morgan Silver Dollar is $35 - $45 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The presence of a mint mark, as coins from New Orleans (O) or San Francisco (S) may carry different premiums than Philadelphia issues.
• The physical condition and grade, specifically the amount of wear visible on Liberty's hair and the eagle's breast feathers.
• The level of original mint luster and the absence of distracting surface scratches or 'bag marks'.
• Fluctuations in the spot price of silver, as the coin's 90% silver content provides a baseline intrinsic value.

How to Identify 1886 Morgan Silver Dollar?

• Verify the 1886 date struck on the obverse below the bust of Lady Liberty.
• Confirm the 90% silver and 10% copper composition, which provides a specific weight and metallic luster.
• Look for the heraldic eagle on the reverse clutching arrows and an olive branch within a wreath.
• Check for mint marks (O or S) above the 'DO' in 'DOLLAR' on the reverse to identify the specific minting facility.

History of 1886 Morgan Silver Dollar

The Morgan Dollar, designed by George T. Morgan, was minted from 1878 to 1904, and again in 1921. It was authorized by the Bland-Allison Act, which required the U.S. Treasury to purchase a certain amount of silver and mint it into silver dollars. The coin's production ceased in 1904 when the supply of silver bullion ran out, only to be briefly revived in 1921. It is a highly popular coin among collectors.