1887 Morgan Silver Dollar Value Guide

The 1887 Morgan Silver Dollar is a cornerstone of American numismatics, born from the Bland-Allison Act during a period of significant westward expansion. Designed by George T. Morgan, this 90% silver coin is prized for its intricate depiction of Lady Liberty and its historical connection to the US Treasury's silver mandates.

What Is 1887 Morgan Silver Dollar Worth?

The typical price range for 1887 Morgan Silver Dollar is $40 - $60 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Mint mark presence, with coins from Philadelphia, New Orleans (O), or San Francisco (S) varying in rarity.
• Overall strike quality and the level of wear on high points like Liberty's hair and the eagle's breast feathers.
• The presence of original mint luster or bag marks from being stored in canvas bags at the Treasury.
• Current market demand and the spot price of silver, though numismatic value typically exceeds melt value.

How to Identify 1887 Morgan Silver Dollar?

• Look for the 1887 date clearly struck at the bottom of the obverse side below Lady Liberty's neck.
• Verify the composition of 90% silver and 10% copper, which gives the coin its distinct weight and metallic ring.
• Check for the designer's initial M located at the truncation of Liberty's neck and on the reverse's left loop of the ribbon.
• Examine the reverse for the heraldic eagle holding arrows and an olive branch, surrounded by the words United States of America.

History of 1887 Morgan Silver Dollar

The Morgan Dollar, designed by George T. Morgan, was minted from 1878 to 1904, and again in 1921. It was born out of the Bland-Allison Act, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. This coin is highly sought after by collectors for its beauty and historical significance, representing a pivotal era in American monetary history and the country's westward expansion.