1886 Morgan Silver Dollar Value

1886 Morgan Silver Dollar

The 1886 Morgan Silver Dollar had a massive mintage of just under 10 million that was struck at the Philadelphia Mint. The 1886 Morgan Dollar broke all of the records of previous productions of coins of this denomination. Although this was the most Morgan Dollars the Philadelphia Mint has ever produced, the following year it would mint even more. Continue reading to learn more about 1886 Morgan Silver Dollar value.

1886 morgan silver dollar value

AUCTION RECORD: $27,025 • MS68

Image Source: PCGS

History of the 1886 Morgan Silver Dollar

At the time of the creation of the 1886 Morgan Silver Dollar, the current president at the time, Grover Cleveland, voiced his disapproval for silver dollars that no one wanted. He believed they were a waste of money and a risk to continue producing, as prices had dropped. The 1886 Morgan Dollar was released over time by the Treasury. This Philadelphia coin is one of the most common and easy to find of the Morgan Dollars in a range of grades ranging from circulated and worn to Mint State. 

1886 Morgan Silver Dollar Value

The 1886 Morgan Silver Dollar value ranges from under a hundred to just under $30,000. Many of the 1886 Morgan Dollars are well-struck with a greasy or satiny luster versus some that have a deeply frosty luster. And then some of the 1886 Morgan Silver Dollars have a weak strike, are grainy, and not super appealing. 


Type of coin: Silver Dollar

Year: 1886 Morgan Silver Dollar 

Morgan Silver Dollar Mint Mark: Philadelphia

Total mintage:19,963,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 26.73 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters



What factors influence the 1886 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1886 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Special varieties and recognized errors can also significantly impact its value.
How much is a typical 1886 Morgan Silver Dollar worth?
A typical 1886 Morgan Silver Dollar in circulated condition might be worth around $40 to $80. Uncirculated examples, depending on their grade, can fetch from $50 to several hundred dollars.
What is the value of an 1886-O Morgan Silver Dollar?
The 1886-O Morgan Silver Dollar, minted in New Orleans, is known for being one of the more challenging O-mint issues to find in higher grades. Its value can range from about $30 in circulated grades to over $10,000 for MS65 examples, with particularly pristine coins fetching higher prices.
Are there any rare varieties of the 1886 Morgan Silver that significantly impact its value?
While the 1886 Morgan Silver Dollar itself is not known for particularly rare varieties, the condition and mint mark can significantly affect its value. The "O" mint mark, especially in higher grades, and the "S" mint mark are sought after by collectors.
What is the highest grade and value achieved by an 1886 Morgan Silver Dollar?
The highest grades for an 1886 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for coins with exceptional eye appeal and luster.
How does the mint mark affect the 1886 Morgan Silver Dollar value?
The mint mark on an 1886 Morgan Silver Dollar significantly affects its value. Coins minted in Philadelphia (no mint mark) are generally more common, while those from New Orleans (O) and San Francisco (S) in high grades can be more valuable due to their relative scarcity.
Can the silver content of the 1886 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1886 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value.
Where is the best place to sell an 1886 Morgan Silver Dollar?
The best places to sell an 1886 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Ensuring the coin's authenticity and condition can help achieve the best price.
What should collectors look for when purchasing an 1886 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, any notable varieties, and signs of original luster. Purchasing graded coins from reputable grading services can also provide assurance of the coin's authenticity and condition.
How should I store my 1886 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1886 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.


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