The value of an 1887 Morgan silver dollar depends on several factors, including its mint mark and condition. Here’s a breakdown based on the information provided:
- Philadelphia Mint (no mint mark):
– In circulated condition, these are worth between $45.50 and $63.
– In pristine, uncirculated condition, they can sell for as much as $17,500.
– [Littleton Coin Company] currently sells an About Uncirculated 1887 Philadelphia Mint Morgan Silver Dollar for $117.
– An MS64 (Mint State 64) Philadelphia Mint 1887 Morgan Dollar is available for $217.
- New Orleans Mint (“O” mint mark):
– In circulated condition, these are worth between $45.50 and $90.
– In pristine, uncirculated condition, they can sell for as much as $31,000.
– A Very Fine (VF) 1887-O Morgan Silver Dollar is being sold on [eBay for $1500].
– An Uncirculated (BU) 1887-O Morgan Dollar is available for $154.63.
– A “Rare Date” 1887-O Morgan Silver Dollar is listed for $1199.99.
- San Francisco Mint (“S” mint mark):
– In circulated condition, these are worth between $45.50 and $95.
– In pristine, uncirculated condition, they can sell for as much as $39,000.
– An MS64 (Mint State 64) 1887 San Francisco Mint Morgan Silver Dollar is currently priced at $699.95.
– An 1887-S Morgan Dollar in Extremely Fine (EF45) condition is available for $63.25.
It’s important to note that the values listed are based on recent sales and price guides, and the actual value of a coin can vary depending on factors like the specific dealer, the coin’s eye appeal, and any unique characteristics or varieties it may possess.
For example, an 1887 Morgan Dollar with a doubled date (VAM-5 variety) can range from $100 to $850 in Mint State condition. Similarly, the 1887-O Morgan Dollar with the “7 over 6” variety can be worth over $500 in Mint State condition.
- 1887 Morgan Dollars were produced at the Philadelphia, New Orleans, and San Francisco mints.
- Uncirculated coins generally command higher prices than circulated coins.
- The San Francisco Mint (“S” mint mark) coins tend to be more valuable in higher grades.
- Certain varieties (e.g., doubled dates, repunched mint marks) can significantly increase a coin’s value.
- Proof examples of Morgan Dollars, including those from 1887, are rare and consequently more expensive.
- You can find detailed pricing information and variety listings on reputable coin dealer websites and price guides.
How much is a dollar in 1887 worth today?
I can help with that. $1 in 1887 is equivalent in purchasing power to about $33.84 today, an increase of $32.84 over 138 years. The dollar had an average inflation rate of 2.58% per year between 1887 and today, producing a cumulative price increase of 3,283.84%.
Where is the mint mark located on a 1887 silver dollar?
It can be located on the back of the coin below the Eagle…the “S” mint mark is present above the letters “O” and “L” in the word “Dollar.” This 1887 San Francisco Mint Morgan dollar is ranked number 30 with a mintage of 1,771,000.
How do I tell if my dollar coin is rare?
One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it’s likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.