The value of an 1886 Morgan silver dollar varies significantly depending on several factors, including its condition, mint mark, and any potential errors or varieties.
- Condition (Grade): This is the most critical factor. Coins in better condition (higher grade) will fetch a much higher price.
- Mint Mark:
– 1886 (Philadelphia Mint, no mint mark): These are the most common, with a mintage of 19,963,000.
– 1886-O (New Orleans Mint): These are rarer, with a mintage of 10,710,000.
– 1886-S (San Francisco Mint): These are the rarest of the three, with a mintage of only 750,000.
- Errors and Varieties: Certain errors and varieties, like doubled dies or clashed dies, can significantly increase the value.
Here’s a breakdown of the estimated values based on mint mark and condition, according to the NGC Price Guide as of August 2025:
- 1886 (Philadelphia Mint):
– Circulated condition: $45.50 – $63.
– Uncirculated condition (Mint State, MS): can reach $16,500 for pristine examples.
- 1886-O (New Orleans Mint):
– Circulated condition: $47.50 – $335.
– Uncirculated condition (Mint State, MS): can reach $42,500 or more for higher grades.
- 1886-S (San Francisco Mint):
– Circulated condition: $47.50 – $335.
– Uncirculated condition (Mint State, MS): can reach $42,500 or more for pristine examples.
It is important to note that these are approximate values. The actual price of an 1886 Morgan dollar will depend on various factors, including the specific condition, luster, strike quality, and market demand.
- Professional Grading: To get an accurate valuation, it is recommended to have the coin graded by a professional coin grading service like NGC or PCGS.
- Market Fluctuations: The value of coins can fluctuate with changes in the market value of silver and collector demand.
In summary, a basic 1886 Morgan dollar in circulated condition might be worth around $35, while a rare mint mark or high-grade example can be valued in the tens of thousands of dollars.
Where is the mint mark on a 1886 silver dollar?
It can be located on the back of the coin below the Eagle…the “O” mint mark is present above the letters “O” and “L” in the word “Dollar.” This 1886 New Orleans Mint Morgan dollar is ranked number 75 with a mintage of 10,710,000.
How do I know if my $1 coin is valuable?
The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.
What is the rarest year of the Morgan silver dollar?
Good point! 1893-S : What makes the 1893-S coin a key date in the series is that only a mere 100,000 of it were struck, marking it as the lowest mintage for any business strike in the Morgan Dollar series. 1895: An anomaly in the series, the 1895 Morgan Dollar holds unparalleled value as one of the most valuable Morgan Dollars.