1886-O Morgan Silver Dollar

The 1886-O Morgan Silver Dollar was struck at the New Orleans Mint where New Orleans was exclusively producing silver dollars. Over 10 million Morgan Dollars were minted here that year. It is believed that the Mint bureau headquartered in Washington D.C. was not a fan of the New Orleans Mint, and many of these coins were done very sloppily. Even though millions of these coins were minted and sent out into circulation, it is believed that many were sent to the melting pot, leaving the 1886-O Morgan Silver Dollar as somewhat of an anomaly that no one knows exactly what happened with. 

 

History of the 1886-O Morgan Silver Dollar

The 1886-O Morgan Silver Dollar is typically poorly struck with the dies spaced too far apart, and many were immediately pressed, bagged, and then stored. Although there were millions of 1886-O Morgan Silver Dollars minted, only a few bags trickled out during releases in the 1940s and 1950s. Despite the huge amount of coins minted, they are somewhat rare today and harder to find, especially at lower prices. 

 

1886-O Morgan Silver Dollar Value

The 1886-O Morgan Silver Dollar value ranges from hundreds to upwards of a couple hundred thousand dollars. Mint State coins are scarce and can be hard for the collector to locate, especially a well-struck coin. It is believed that 6 to 8 million of the almost 11 million coins were melted down, and this coin is an extra special one that is probably one of the most rare Morgan Dollar coins created at the New Orleans Mint. It would make a highly valued addition to any Morgan Dollar series collection. 

 

Type of coin: Silver Dollar

Year: 1886-O Morgan Silver Dollar 

Morgan Silver Dollar Mint Mark: New Orleans

Total mintage:10,710,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 26.73 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters