1887 (S) Morgan Dollar

Coin Details

Auction Record

$58,800 MS66+ 10-30-2018 Stack's Bowers

Description

The 1887 (S) Morgan Dollar is a dollar produced at the San Francisco Mint as part of the Morgan Dollars 1878-1921 series. With a mintage of 1.8 million, this is a scarce issue — the lowest mintage among 5 mint variants, representing only 3% of total production. 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. Struck at the San Francisco Mint, established during the California Gold Rush and now primarily producing proof and collector coins. Estimated market value ranges from $87 to $1.9K depending on grade and condition. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7180.