1888 Morgan Silver Dollar
The 1888 Morgan Silver Dollar was produced in high quantities at the Philadelphia Mint. With just under 20 million coins, there is understandably a large variance in the quality of the coins. The 1888 Morgan Dollar is a plentiful coin that is easily accessible and affordable for any avid Morgan Dollar series collector out there. Continue reading to learn more about 1888 Morgan Silver Dollar Value.
AUCTION RECORD: $18,400 • MS67
Image Source: PCGS
History of the 1888 Morgan Silver Dollar
The 1888 Morgan Silver Dollar, among all of the Morgan Dollars, was designed by George T. Morgan. The image of Lady Liberty and 13 stars representing the 13 colonies can be found on the obverse, while an American Bald Eagle holding an olive branch and arrows in its talons can be found on the obverse. The quality of the 1888 Morgan Silver Dollar ranges from a poor strike to a sharp strike, as well as from a grainy luster to an attractive luster. It is worth the effort to cherrypick through the 1888 Morgan Dollars of all grades to find exactly what you are looking for.
1888 Morgan Silver Dollar Value
The 1888 Morgan Silver Dollar value ranges from less than a hundred dollars to just under $20,000. These coins are plentiful and easy to find in all grades. Cherrypicking for a coin with a good strike and frosty luster is worth it when you find it. It takes patience to build a beautiful Morgan Dollar collection, but the effort involved in finding attractive coins is worth it in the long run.
Type of coin: Silver Dollar
Year: 1888 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 19,183,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 27.20 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1888 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1888 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Varieties and recognized errors can also significantly impact its value.
How much is a typical 1888 Morgan Silver Dollar worth?
A typical 1888 Morgan Silver Dollar in circulated condition might be worth around $35 to $60. Uncirculated examples, depending on their grade, can fetch from $50 to several hundred dollars.
What is the value of an 1888-O Morgan Silver Dollar?
The 1888-O Morgan Silver Dollar, minted in New Orleans, can vary in value from about $30 in lower grades to over $200 for higher uncirculated grades. The value increases significantly for coins in MS65 condition or higher due to their rarity.
Are there any rare varieties of the 1888 Morgan Silver that significantly impact its value?
Yes, the 1888 Morgan Silver Dollar has known varieties such as the 1888-O "Hot Lips" doubled die obverse, which is highly sought after by collectors and can command higher prices due to its rarity.
What is the highest grade and value achieved by an 1888 Morgan Silver Dollar?
The highest grades for an 1888 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for coins with exceptional eye appeal and those with significant varieties.
How does the mint mark affect the 1888 Morgan Silver Dollar value?
The mint mark on an 1888 Morgan Silver Dollar (e.g., "O" for New Orleans, "S" for San Francisco, or no mint mark for Philadelphia) significantly affects its value. Coins with the "S" mint mark are generally more valuable, followed by "O" and then Philadelphia issues, with variations depending on condition and rarity.
Can the silver content of the 1888 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1888 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 1888 Morgan Silver Dollar?
The best places to sell an 1888 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 1888 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, any notable varieties, and overall eye appeal. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1888 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1888 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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