1888-O Morgan Silver Dollar Value Guide

The 1888-O Morgan Silver Dollar is a prized piece of American history struck at the New Orleans Mint under the Bland-Allison Act. Designed by George T. Morgan, this 90% silver coin represents the nation's late 19th-century commitment to silver coinage and westward expansion.

What affects the value of 1888-O Morgan Silver Dollar?

• The current market value typically ranges between $70 and $77 depending on the coin's physical condition.
• The presence of original mint luster significantly increases the premium over circulated examples.
• Surface marks, scratches, or evidence of cleaning can drastically reduce the collectible value.
• The New Orleans 'O' mint mark is a key factor for collectors focusing on specific branch mint history.

How to Identify 1888-O Morgan Silver Dollar?

• Locate the 'O' mint mark on the reverse side, positioned just above the 'DO' in 'DOLLAR'.
• Verify the 90% silver and 10% copper composition, which gives the coin its distinct metallic ring and weight.
• Check for the designer's initial 'M' at the base of Liberty's neck on the obverse and on the left loop of the ribbon on the reverse.
• Examine the date '1888' at the bottom of the obverse to ensure it is crisp and correctly aligned.

History of 1888-O Morgan Silver Dollar

The Morgan Dollar, named after its designer George T. Morgan, was minted from 1878 to 1904, and again in 1921. It was a product of the Bland-Allison Act, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. The 'O' mint mark indicates it was struck at the New Orleans Mint, a significant facility during this period. These coins represent a pivotal era in American history, reflecting the nation's expansion and its commitment to silver coinage.