1886 Morgan Dollar

About This Coin

The 1886 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — 9th of 28 years in the series. In 1886, coins were struck at the Philadelphia, San Francisco, and New Orleans Mints with a combined mintage of 31.4 million. This ranks 18th of 28 years by total mintage, above the series median of 28.3 million. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. Struck during the Gilded Age of rapid industrialization and the great silver debates, when monetary policy shaped elections and economic destiny. Weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Collectors have cataloged 141 known die varieties for this date across 5 categories, including atypical die clash, doubled die obverse, doubled die reverse and 2 other types. Produced 9 years before the celebrated 1895 key date. Across its variants, estimated values range from $87 to $188K depending on mint mark, grade, and strike type. A notable auction result reached $235K in MS65+ grade at Legend Rare Coin Auctions. Designed by George T. Morgan.