1887 Morgan Dollar

About This Coin

The 1887 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — 10th of 28 years in the series. In 1887, coins were struck at the New Orleans, Philadelphia, and San Francisco Mints with a combined mintage of 65.5 million. This represents the second-highest annual mintage in the series, above the series median of 28.0 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 190 known die varieties for this date across 6 categories, including atypical die clash, doubled die obverse, overdate and 3 other types. Produced 8 years before the celebrated 1895 key date. Across its variants, estimated values range from $87 to $41K depending on mint mark, grade, and strike type. A notable auction result reached $78K in MS66+ grade at Heritage Auctions. Designed by George T. Morgan.