1888 Proof Morgan Dollar
Strike Type
Coin Details
Value Estimates
Values as of May 2026 — estimates reflect typical grades (G-4 through MS-67). Coins in lower or exceptional grades may fall outside this range.
Auction Record
$30,550 PR67CA 04-27-2016 Heritage Auctions
Description
The 1888 Proof Morgan Dollar is a proof dollar struck at the Philadelphia Mint, part of the Morgan Dollars 1878-1921 series. With a mintage of only 833, this is an extremely rare issue. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars, while the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. Designed by George T. Morgan. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #87323. The Morgan Dollar is the most widely collected U.S. Key dates include the 1893-S (mintage 100,000), 1889-CC, 1895 (proof only), and 1903-O. Carson City Mint issues carry premium prices. The GSA Treasury hoard releases of the 1970s reinvigorated the market.
