The value of an 1888 U.S. dollar coin depends on several factors, including its type (Morgan or Gold Dollar), mint mark, and condition.
Here’s a breakdown of the value of different 1888 dollar coins, according to the NGC Price Guide as of August 2025:
- 1888 Morgan Dollar (Philadelphia Mint, no mint mark): Circulated condition is valued between $45.50 and $63, while uncirculated condition can reach up to $18500. Over 19 million were struck, making it a relatively common coin, though quality can vary.
- 1888-O Morgan Dollar (New Orleans Mint): Circulated condition is valued between $45.50 and $63, and uncirculated can go up to $13750. Rare error varieties, such as the VAM-1B “Scarface” and “Hot Lips” or “Double Lips,” can command higher prices.
- 1888-S Morgan Dollar (San Francisco Mint): With a low mintage of 657,000, this is a scarcer issue. Values range from $37 for a Good-4 to $16,125 for a high-grade example.
- 1888 Gold Dollar (Philadelphia Mint): Circulated condition is valued between $225 and $425, with uncirculated condition potentially reaching $19500.
- 1888 Seated Liberty Half Dollar: Circulated condition is valued between $425 and $1180, and uncirculated condition can be worth up to $19000.
Important considerations:
- These values are estimates and can fluctuate based on market demand and the specific condition and characteristics of the individual coin.
- “Circulated” condition encompasses a range of grades, and the value will vary accordingly.
- Coins with special attributes, like mint errors (e.g., the “Scarface” variety), can command significantly higher prices.
- Having a coin professionally graded by a reputable service like NGC (Numismatic Guaranty Corporation) or PCGS (Professional Coin Grading Service) can help establish its authenticity and condition, impacting its market value.
What is the error on the 1888 silver dollar?
I can help with that. 1- 1888-O VAM-4 “Hot lips”. Exciting doubled die with two clearly defined set of lips, chins and noses. A faint second eyelid can also be seen.
How much is a dollar in 1888 worth today?
Good point! $1 in 1888 is equivalent in purchasing power to about $33.84 today, an increase of $32.84 over 137 years. The dollar had an average inflation rate of 2.60% per year between 1888 and today, producing a cumulative price increase of 3,283.84%.
How to know if a 1 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.
Where is the mint mark on a 1888 dollar coin?
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 1888 New Orleans Mint Morgan dollar is ranked number 79 with a mintage of 12,150,000.