The value of an 1887 One Dollar Coin (Morgan Silver Dollar) can vary significantly depending on several factors, primarily its condition (grade), mint mark, and any rare varieties or errors.
Here’s a breakdown of the value range:
All 1887 Morgan Silver Dollars contain 0.7734 Troy ounces of silver. The current melt value (as of August 12, 2025) is approximately $29.40. However, the numismatic value (collector value) of a Morgan Dollar usually exceeds the melt value.
- In good condition (G-4), an 1887 Morgan Silver Dollar is worth around $45.50 – $47.50.
- In very fine condition (VF-20), the value is approximately $55.
- In extremely fine condition (XF-45), the value is around $50.
- In about uncirculated condition (AU-55), the value is around $60.
- MS-61 : $75.
- MS-63 : $110 – $125.
- MS-65 : $235 – $250.
- MS-68 (highest graded): Can fetch as much as $17,500.
- The 1887-S (San Francisco mint) in high grades is significantly more valuable than the Philadelphia (no mint mark) or New Orleans (O mint mark) issues. For example, a Gem Uncirculated (MS65) 1887-S can sell for as much as $39,000.
- Certain rare varieties, like the 1887/6 overdate or the 1887 “Hot Lips” doubled die obverse, can significantly increase the value and desirability to collectors.
- Proofs of the 1887 Morgan Dollar are also quite rare and can be expensive, according to CoinValues.com. A Mint State version of the 1887-O 7 over 6 variety can be worth more than $500.
Note: These values are approximate and can fluctuate based on market conditions and the individual characteristics of each coin. It’s always best to have your coin professionally graded for an accurate assessment of its value. You can find more information about these coins on [the NGC Coin Explorer website].
How do I tell if my 1 dollar coin is worth anything?
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.
Where is the mint mark on an 1887 silver dollar?
It can be located on the back of the coin below the Eagle…the “O” mint mark is present above the letters “D” and “O” in the word “Dollar.”