1887 Morgan Silver Dollar

Last updated: January, 14 2024

1887 Morgan Silver Dollars are generally valued at around $60.00 give or take a few dollars. If you are a serious collector then the coins you are looking to buy or sell will be valued at around $220.00 for an MS65 1887 Morgan, that has been professionally graded by a company like PCGS or NGC. If however you are looking to pic up a bare bones well worn specimen and are not concerned about the quality of your collections pieces then you can likely get one for as little as $35.00 for a lower grade. The pricing floor for this coin is set by the current silver melt value as it is 90% silver having a silver weight of .7735 oz

1887 Morgan Silver Dollar
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  • Year: 1887
  • Mint Mark: No mint mark
  • Type: Morgan Silver Dollar
  • Price: $35.00-$220.00+
  • Face Value: 1.00 USD
  • Produced: 20,290,000
  • Edge: Reeded
  • Silver Content: 90%
  • Silver Weight: .7735 oz.
  • Melt Value: $24.47

Notes: There were 710 of the 1887 Morgan Silver Dollars minted as proofs and they are worth more than 3K each.

Price Chart

Rates listed here refer to professionally graded and slabbed coins. If new to collecting the prices below might not make sense.

Very few PR68 1885 Morgan Silver Dollars are known to exist. This explains the 5 figure values.

  • Grade AU58 = $26-$44
  • Grade MS60 = $41-$56
  • Grade MS61 = $41-$69
  • Grade MS62 = $49-$81
  • Grade MS63 = $56-$94
  • Grade MS64 = $75-$125
  • Grade MS65 = $225-$375
  • Grade MS66 = $300-$500
  • Grade MS67 = $1,350-$2,250
  • Grade MS68 = $7,500-$12,500
  • Grade PR62 = $2,250-$4,688
  • Grade PR63 = $2,625-$5,469
  • Grade PR64 = $3,000-$5,000
  • Grade PR65 = $4,500-$7,500
  • Grade PR66 = $6,000-$10,000
  • Grade PR67 = $11,250-$18,750
  • Grade PR68 = $56,250-$93,750

Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.

It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.

We've personally researched these values. If you enjoy our content please return the favor and share this page with your friends.

How much is a 1887 Morgan Silver Dollar worth?

In Average Circulated (AC) condition it's worth around $35.00, one in certified mint state (MS+) condition could bring as much as $220 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1887, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].

Specs & Design

This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm. It's edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper.

Designer: George T. Morgan

Front (Obverse): Profile view of Lady Liberty looking to the left. The words "E Pluribus Unum" that translates to "Out of Many, One" referring to the many states that make the country the United States. The date is located at the center bottom. 13 stars circle the coin adjacent to the lettering. These represent the original 13 colonies.

Back (Reverse): The reverse is a bald eagle clasping arrows and an olive branch in its claws. This represents peace and war, as the United States is capable of both. The eagle's wings are spread out and it too is glancing to the left. The words "In God We Trust", "United States of America", and "One Dollar" are all present on the reverse as well.

Most Valuable

The most valuable Morgan Silver Dollar's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.

Image Year Mint Worth
Morgan Silver Dollar 1893 S $550k
Morgan Silver Dollar 1901 $425.5k
Morgan Silver Dollar 1889 CC $280k
Morgan Silver Dollar 1884 S $250k
Morgan Silver Dollar 1893 O $180k
Morgan Silver Dollar 1895 O $165k
Morgan Silver Dollar 1896 O $140k
Morgan Silver Dollar 1886 O $140k
Morgan Silver Dollar 1892 S $130k
Morgan Silver Dollar 1893 CC $70k
Morgan Silver Dollar 1895 $70k
Morgan Silver Dollar 1879 CC $49k
Morgan Silver Dollar 1894 O $45k
Morgan Silver Dollar 1897 O $43k
Morgan Silver Dollar 1894 $35k
Morgan Silver Dollar 1883 S $26k
Morgan Silver Dollar 1880 O $22k
Morgan Silver Dollar 1895 S $18k
Morgan Silver Dollar 1903 S $17k
Morgan Silver Dollar 1896 S $12k
Morgan Silver Dollar 1878 $12k
Morgan Silver Dollar 1904 S $8.5k
Morgan Silver Dollar 1892 CC $5,650
Morgan Silver Dollar 1894 S $5.5k
Morgan Silver Dollar 1891 O $4.5k
Morgan Silver Dollar 1893 $4.5k
Morgan Silver Dollar 1891 CC $3.5k
Morgan Silver Dollar 1892 O $3.2k
Morgan Silver Dollar 1891 $3k
Morgan Silver Dollar 1890 CC $3k
Morgan Silver Dollar 1889 O $2.5k
Morgan Silver Dollar 1892 $2,350
Morgan Silver Dollar 1879 O $2,350
Morgan Silver Dollar 1901 S $2.3k
Morgan Silver Dollar 1888 S $2.3k
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1989 P $345.22
1989 $345,000
1989 D $345
Image Name Mint Worth

Want more? Click here to see the most valuable coins ever minted.

Are 1887 Morgan Silver Dollars Silver?

Yes! Morgan Dollar's produced in 1887 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.

Numismatic vs Intrinsic Value:

This coin in poor condition is still worth $10.53 more than the intrinsic value from silver content of $24.47, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.

Want more info? Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth. Also learn how to properly store your coins.

Current silver melt value* for a 1888 S Morgan Silver Dollar is $24.47 and this price is based off the current silver spot price of $31.64 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.