The 1887 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

Morgan Silver Dollar Extra Fine EF 1887-O 1890 1921-D 1887o 1921D New Orleans Philadelphia Denver Mint. From shop ThisArtGallery. 5 out of 5 stars. 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; O.” 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. Morgan Dollar Price Guide Last Update: 02-06 07:11 AM EST Silver $26.96 ( +0.60 ) as of 02-05 04:59 PM EST. Morgan Dollars1887 $1 MS. NGC Universal ID: 254Y. The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP).

Specifications

Type: Morgan Silver Dollar
Year: 1887
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.08

The US minted the 1887 silver dollar with no mint mark and also the 1887 O silver dollar and 1887 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.08 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.26 per ounce.

The 1887 silver dollar with no mint mark is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $120.

The 1887 O silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,500.

The 1887 S silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $135 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,450.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 710 proof coins minted.

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7 Over 6 Error Coins

There is an overlap error for both the 1887 silver dollar with no mint mark and the 1887 O silver dollar. On these error coins the number 7 is minted over the number 6. These error coins are more valuable than the standard coins, especially in uncirculated condition.

The 1887 silver dollar with no mint mark 7 over 6 error coin is worth around $45 in very fine condition. In extremely fine condition the value is around $75. In uncirculated condition the price is around $275 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,500.

The 1887 O silver dollar 7 over 6 error coin is worth around $50 in very fine condition. In extremely fine condition the value is around $75. In uncirculated condition the price is around $500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $17,500.

Grading System

Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.

Extremely fine- Liberty's hair lines and ear look strong.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

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See also:

1888 Silver Dollar
1886 Silver Dollar

1887 Morgan Silver Dollar Ebay

As the most popular dollar series coin ever produced, the Morgan silver dollar has seen great collector following in modern times. Because of government regulations and hoarding, many Morgan dollars can be found in high uncirculated grades.

George T. Morgan was responsible for creating both the obverse and reverse designs of the coin in 1878. This same year, the Morgan Dollar would be put into production and would continue to be produced until 1904. Another short production in 1921 would occur, but the Morgan Dollar would finally be replaced for good later that year.

On the obverse, a bust of Lady Liberty with flowing hair and a cap can be found centered and facing left. Lady Liberty also has the motto “LIBERTY” on the brim of her cap. “E PLURIBUS UNUM” can be found centered at the top of the obverse, and the date is at the bottom.

1887 Morgan Silver Dollar

The reverse features an American bald eagle with outstretched wings and surrounded by a wreath. “UNITED STATES OF AMERICA” and “IN GOD WE TRUST” are found above the eagle. The denomination of the coin, “ONE DOLLAR,” is found directly below the eagle.

History of the 1887 Morgan Silver Dollar

Morgan silver dollars tended to have increased mintage figures each year that the coin was in production. Many later-year dates tend to have much higher mintage numbers than earlier examples.

The United States Mint in Philadelphia reports striking a total of 20,290,000 Morgan silver dollars dated in 1887. Other mints struck Morgan silver dollars in 1887 but at much lower mintages. This article will focus only on the Philadelphia examples.

All Morgan dollars were composed of the same mix of metals, which was 90% silver and 10% copper. Each coin weighs 26.73 grams and has a diameter of 38.1 inches. Reeding can be found on the edges, and denticles are present on the obverse and reverse of the coin.

1887 Morgan Silver Dollar Varieties

A large amount of collectors are now exploring and collecting Morgan silver dollars that exhibit known striking and mint errors, which are called VAMs. The 1887 Morgan silver dollar gives collectors many different VAMs to chase after as many different mintage errors happened over the course of production.

Some VAMs are more recognized and worth more than others. In this section, only those VAMs that are recognized by top-tier third-party grading companies will be included.

Here are some of the most known and sought after 1887 Morgan Silver Dollar VAMs:

• VAM 1B Clashed E Reverse: This variety shows an almost full “E” under the Eagle’s tail feathers. This variety can be confirmed by looking for a die crack that runs through the entire date. Many collectors actively seek out this variety, and it is one of the most popular in the entire Morgan dollar series.
• VAM 2 7/6 Overdate: A simple and sometimes hard-to-identify VAM that shows part of the “6” from “1886” underneath the “7” in “1887.” Identification can be tough, but the premium for this variety is very high.
• VAM 5 Double Date: Like any other doubled date error, this one is exactly the same. Doubling can be most easily seen on the last two digits in the date. Depending on the severity of the doubling, this variety can be hard to identify.
• VAM 12 Alligator Eye: A very unique VAM with an even more unique name! The front edge of Liberty’s eye is visibly doubled and looks like an alligator’s eye. Small amounts of doubling can also be seen on the word “LIBERTY” on Liberty’s cap.

Pricing the 1887 Morgan Silver Dollar

1887 Morgan Silver Dollar Cc

Many examples of the 1887 Morgan silver dollar survive today, and most can be found in very high grades. Even those in the lowest grades are always worth their value in silver (which is, as of this writing, $12.50).

Examples between Good 4 and Fine 12 have a price that is between $20 and $30. A grade of Very Fine 20 has an associated price of $36, and even a significant increase to Extremely Fine 40 sees only a marginal price increase.

1887 Morgan Dollar Coin Trackers

Uncirculated examples are common and can be found online and in shops for relatively low prices. MS-60 examples are normally priced at $45, and MS-63 graded coins get a price increase to $65. A real jump to MS-65 is when the price also increases significantly to $145.

Even in a very high grade for Morgan silver dollars, MS-67 only realizes a price of $1,650. This is significantly lower than most other Morgan dollar years!

Only one 1887 Morgan silver dollar has been graded MS-68 by PCGS and sold back in 2009 for a total of $21,275. This coin is now valued today at approximately $30,000!