1888 Morgan Silver Dollar Value Guide

The 1888 Morgan Silver Dollar is a cornerstone of American numismatics, featuring George T. Morgan's iconic Lady Liberty profile and a majestic eagle reverse. While 1888 is a common date, this specific example is highly collectible due to its MS 64 grade from NGC, indicating a well-preserved uncirculated strike with original luster.

What Is 1888 Morgan Silver Dollar Worth?

The typical price range for 1888 Morgan Silver Dollar is $100 - $120 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The MS 64 grade significantly elevates the price compared to circulated examples of the 1888 mintage.
• Presence of original 'cartwheel' luster and minimal surface abrasions or 'bag marks' on Lady Liberty's cheek.
• The current market spot price of silver, as the coin contains 0.77344 troy ounces of pure silver.
• The reputation of the grading service, with NGC being one of the top-tier third-party authenticators.

How to Identify 1888 Morgan Silver Dollar?

• Verify the NGC certification number on the protective slab to ensure the MS 64 grade matches the official registry.
• Check for the 'Lady Liberty' profile on the obverse, which was modeled after Anna Willess Williams.
• Look for the absence of a mint mark or the presence of 'O' or 'S' below the wreath on the reverse to identify the specific minting location.
• Confirm the 38.1mm diameter and 26.73g weight characteristic of authentic 90% silver Morgan dollars.

History of 1888 Morgan Silver Dollar

The Morgan Dollar is a silver dollar coin minted by the United States from 1878 to 1904, and then again in 1921. It was the first standard silver dollar minted since the passage of the Fourth Coinage Act, which demonetized the previous design. The coin is named after its designer, George T. Morgan, a British-born engraver. Its design features a profile of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse. Morgan Dollars are highly sought after by collectors due to their historical significance, beautiful design, and the fact that they are made of 90% silver. The 1888 minting is a common date, but uncirculated examples like this one hold significant value.