1887 Silver Dollar
1887 Morgan Silver Dollar The Silver Dollar was a coin that revolutionized the way in which Americans did business when it was first introduced. Though many editions were produced over the years, few are more popular than the Morgan Silver Dollar. The Morgan was popular immediately from the day it was minted thanks to its beautiful design. Current silver melt value. for a 1887 O is $20.87 and this price is based off the current silver spot price of $26.98 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Want to join CoinTrackers and Track Your Coins 100% FREE? More of the Same 1903 O Morgan Silver Dollar.
CoinTrackers.com has estimated the 1887 O Morgan Silver Dollar value at an average of $30, one in certified mint state (MS+) could be worth $1,800. (see details)...
- Morgan Silver Dollars (1878-1921) The Birth of America's beautiful Morgan Dollar – Minted from 1878-1904, and once again in 1921, the Morgan silver dollar is one of America's most popular collectible coins.
- The 1887 Morgan dollar, known more officially as the Liberty Head dollar, is a silver coin struck at the Philadelphia Mint. The Philadelphia Mint struck 20,290,000 Morgan dollars in 1887 and bore.
- Additional Info: There were 710 of the 1887 Morgan Silver Dollars minted as proofs and they are worth more than 3K each. Numismatic vs Intrinsic Value: This coin in poor condition is still worth $7.32 more than the intrinsic value from silver content of $20.68, this coin is thus more valuable to a collector than to a silver bug.
Type:Morgan Silver Dollar
Year:1887
Mint Mark: O
Face Value: 1.00 USD
Total Produced: 11,550,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $30, while one in certified mint state (MS+) condition could bring as much as $1,800 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1887, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: Price variation in MS-65 based on recent sales is wide. Toned, prooflike, and + versions of the coin are selling for much more than normal in our opinion. Are they worth it? You decide.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $8.95 more than the intrinsic value from silver content of $21.05, 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 benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1887 O is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
Want to join CoinTrackers and Track Your Coins 100% FREE?
More of the Same
All US Dollar Coins
- *list does not count the newer Presidential Dollars
Most Valuable Coins by Type...
1887 Silver Dollar Value Today
[Top of Page]
**When we say that 11,550,000, of these coins were produced or minted in 1887 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
[Top of Page]
***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.
1887 Silver Dollar Coin
We use user submitted pictures please read that article if you are interested in adding your own.
[Top of Page]