Today any 1887 Morgan silver dollar value is a minimum of $21.72 . Your old coin is heavy with over ¾ ounce pure silver, forming a high base price.
With increasing silver price theses old silver dollars are worth a nice minimum value. One necessary point to determine is the mint striking your coin. Philadelphia, New Orleans and San Francisco each minted silver dollar in 1887 and have different value ranges. Below the value chart is an image showing the location of mintmarks used by these mints.
Importantly, and not to be over looked is condition. Value is dependent on how well your coin has fared over the years. Is it worn with most detail missing or is it very nice displaying most or all of the original design? Dealers and collectors are searching for coins in the best condition possible and pay higher prices for these.
Additionally, referring to the image to the right, its "uncirculated" condition stands out as far better than most surviving 1887 Morgan silver dollars. Absence of wear, bright colorful toned luster and lack of contact marks sets this coin apart. As a collectible it is a nice example and the type collectors seek.
As reflected on the chart, 1887 Morgan silver dollar value is accurately determined by, date, mintmark and condition. Review all of these factors discovering how much your coin is worth.
Mintmarks do make a difference in value. As collectors assemble sets, most include examples from each of the three mints that produced silver dollars this year. Identified by mintmarks located on the reverse side of the coin, these different mints are "S" San Francisco and "O" New Orleans. Thirdly, the Philadelphia mint did not place a mintmark on 1887 silver dollars.
|1887 Morgan Silver Dollar Values|
|Condition of Coin|
|1887 Morgan Silver Dollar Values Updated||10/17/2016|
Your 1887 Morgan silver dollar value falls into one of three distinct price groups, circulated coins and low to high end collectible grades.
Firstly, commonly found circulated coins with wear, rise and fall in price with the movements of silver. These coins trade readily and in bulk with small narrow buy-sell margins.
Secondly, "uncirculated" coins, without wear are considered a collectible grade. However low end uncirculated examples those with heavily scuffed surfaces and dull luster are priced at a small premium to silver bullion price, but this value also rises and falls with silver movement. These conditions are represented by the bottom two dollars in the image to the right.
High collector value coins, not affected by movements in precious metals are "Gem" condition 1887 silver dollars. Gem condition coins are scarce to very rare, their value is many multiples of silver content. The top coin illustrates the stunning difference in quality, value is in excess of $300. Any Morgan dollar collector would welcome this eye appealing coin.
Determining the condition of your coin is one of the subtle but important parts of placing a value. Collectors are always searching for silver dollars in top condition, they study closely the amount of wear on silver dollars. In their evaluation a "grade" of its condition is assigned helping determine an accurate value. Find the closest condition-grade match to your 1887 dollar using the images.
Uncirculated: To reach "uncirculated" condition all original, as minted detail must remain. None has been removed due to wear. OK are nicks and abrasions from contact with other coins, this is normal due to the minting and storage process of silver dollars. Confirming the uncirculated grade is the presence of mint luster remaining on the entire surface, including her chin, neck line and hair below and above the ear. These areas are the first to wear and exhibit a dull and smooth texture once in circulation.
Extremely Fine: As silver dollars begin to show slight wear their condition is graded as extremely fine. Noticeable are traces of wear within the hair above Liberty's forehead and behind her neck, flattening is also evident. Wear and loss of roundness also shows atop the folds of her cap. Your coin in this condition is still very sharp and crisp. Check again for mintmarks, San Francisco "S" mint marked 1887 dollars in extremely fine condition are now trading at a premium to silver bullion value.
Fine: Once distinct and well defined features of Liberty are now reduced by moderate wear, lowering the grade to "fine" condition. Leaves surrounding the cotton blossoms are only outlines lacking inner detail. Many finer strands of hair have worn to the point of combining into larger flattened areas. Your silver dollar gives the impression of wear but not excessive.
Good: Showing extensive wear and reducing the design to just a few elements, these silver dollars are described as "good" condition. Although the rim is visible, both it and the lettering are flattened to almost level with the fields. The majority of Liberty is without detail. However the eagle on the reverse does show a few remaining feathers close to the legs. In this condition your 1887 Morgan silver dollar value is tied mostly to bullion silver price.
Morgan Silver Dollar Values | Rare Mintmarks and Condition Highlighted
Silver dollars are Popular, very Popular… finding a Morgan silver dollar in your box of old coins is finding a coin worth at least $20.96 . Now determine its date, mintmark and condition, refer to the chart and its value is often surprising.
Silver Dollar Values | Charts Covering Years 1794-1935
Including more relating to your 1987 Morgan silver dollar value. These early dollars are becoming valuable. Easily find how much your old coins are worth.
Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars. All include value charts, alongside grading images to find the accurate value of your old dollars.
Coin Values Discovery finds... 1887 Morgan Silver Dollar Value and...
Today there is a wide range of common to rare coin values found in your box of old coins. From your old pennies to gold coins, all US coin series are covered. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.
Many of your old US silver coin values are tied closely to the price of silver. Silver dimes, quarters, half dollars and silver dollars are all heavy with 90% silver and worth many times their face value. With today's high value of silver your old coins are becoming surprisingly valuable. Today's Minimum Silver Coin Values