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1887 $1 Morgan Silver Dollar

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Crafted from 90% silver and 10% copper, this coin is uncirculated and has not been certified.

About this product

Product Information

Q. David Bowers
The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Coinage Context

Another record: The mintage record in the Morgan series set in 1886 by Philadelphia didn't last long, and the 20,290,000 production figure for 1887 eclipsed it, if only by a narrow margin. The new record would stand until 1921.

Numismatic Information

Common issue: The record high mintage of 1887 Morgan dollars translates neatly today into the issue being the most plentiful of all Morgan issues of the early period from 1878 to 1904. Specimens are easily available in just about every circulation strike grade imaginable, from well-worn through MS-65. Those who like higher numbers, buyers mainly from the investment (rather than the numismatic) sector, will have no trouble loading themselves down with MS-66, MS-67, etc., coins.

The 1887 dollar was plentiful years ago, and additional Treasury releases, from coins stored at the Philadelphia Mint, took place in 1938, the 1940s, the 1950s (particularly in December 1954), and the early 1960s. The number of Mint State coins surviving today is believed to run into seven figures.

One lot of 100 bags existed as late as 1978. The Continental-Illinois Bank hoard, which was estimated to contain as many as 1,000 original bags of brilliant Uncirculated dollars plus an estimated 500 bags of circulated coins (1.5 million coins totally), included quantities of Mint State 1887 Morgans. The 1887 may, as Wayne Miller has written, be the most plentiful Morgan dollar in terms of 1,000-coin bags still in existence.

Circulated grades: Worn 1887 dollars are plentiful, and because Mint State coins are so common, circulated pieces are not of much interest to numismatists. However, they make interesting presents to children.

Mint State grades: It is probably redundant at this point to state that the 1887 is very common in Mint State. Most coins are average strikes, but individual specimens may vary either way, from quite flat to quite sharp. Cherrypicking for quality is advised and is not hard to accomplish. The lustre is apt to be a bit satiny or "greasy," on the dull side, rather than deeply lustrous and frosty. Perhaps some now unemployed coiner from the Carson City Mint, which produced superb quality coins, should have visited Philadelphia to show them how to do things right. In actuality, few if any people at the Philadelphia Mint cared about the quality of silver dollars. They were being produced to conform with a piece of legislation promoted by distant western interests, the 1878 Bland-Allison Act, and most pieces were destined to be sewn into mint bags and dumped into dark storage.

Prooflike coins: There are many prooflike 1887 dollars in existence, but nearly all have little contrast between the fields and the devices. Many are one-sided. A hoard of cameo DMPL coins came to light in California in 1977, Wayne Miller related, and today this group is recognized as the mother lode for extant pieces of this calibre. Probably, several thousand coins remain in MS-64 DMPL or finer grade.

Die rotation: VAM-1 exists with the reverse die rotated from 700 to 1420 clockwise from the normal orientation, and also with rotation from 800 to 1400counterclockwise. Van Allen and Mallis report that these have been seen only in circulated grades.

Varieties

Circulation strikes:

1. Normal date: Breen-5592. This huge mintage probably took all 55 obverses and 54 reverses. All dies must have been used until they wore out. Even so, the 368,909 coins per obverse is extremely high. Perhaps there is an error in Mint records.

2. Doubled Date: Breen-5594, VAM-5. Scarce. The most desirable of the many repunched dates of this year.

3

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170450573

Product Key Features

Strike Type
Business
Mint Location
Philadelphia, Pennsylvania, Philadelphia
Composition
90% Silver, 10% Copper
Year
1887

Dimensions

Weight
26.73g

Additional Product Features

Mintage
229
EDGE
Reeded
Mint
Philadelphia
Denomination
$1
PCGS Number
7172
Diameter
38.1mm
Mint Mark
P

All listings for this product

item 1 1887 $1 Morgan Silver Dollar - Fine - Philadelphia Mint - Collector Coin
$35.99
+$3.95 shipping
item 2 1887 $1 Morgan Silver Dollar
$40.00
+$5.00 shipping
item 3 1887 $1 Morgan Silver Dollar
$50.00
Free shipping
item 4 1887 $1 Morgan Silver Dollar NGC AU DETAILS
$54.00
Free shipping
item 5 1887 $1 Morgan Silver Dollar With Eagle Case. 90% Silver
$52.99
+$3.49 shipping
item 6 1887 $1/AU/Morgan Silver Dollar
$61.99
+$5.00 shipping
item 7 1887 P BU MORGAN SILVER DOLLAR FROSTY WHITE
$69.00
Free shipping

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4.9

4.9 out of 5 stars based on 83 product ratings

83 product ratings

75 users rated this 5 out of 5 stars
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Would recommend

Good value

Good quality

Most relevant reviews

See all 43 reviews

4 out of 5 stars
by jussferjunkJul 26, 2018
SILVER SHINES LIKE GOLD
The coins were exactly as they were described. It's so hard to describe them now because my entire old coins & dollar bills was stolen, along with my safe. I was proud of those dimes. I showed off all of the coins I got to family, immediately.. They loved those dimes.
Verified purchase: Yes
5 out of 5 stars
by omlor.us.d0zfwi...Nov 26, 2019
great coin! bought it for a girl friend; she's gone but i hadn't given it to her yet : - )
this was a good value since it included the ring. the bit of tarnish gives it a lot of character,
Verified purchase: Yes
5 out of 5 stars
by jerry2u1_2Oct 03, 2018
Excellent
Your picture did not serve justice to the quality of the coin. Enjoy the coin very much.
Verified purchase: Yes
5 out of 5 stars
by 2014_bamscAug 14, 2019
very good features
as described, and great quality. just what I expected
Verified purchase: Yes
5 out of 5 stars
by mikeycheechSep 15, 2017
'87 P Morgan
Over 100 years old and looks like it was made this morning! Beautiful!!!
Verified purchase: Yes

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Picture 1 of 4

1887 $1 Morgan Silver Dollar

About this product

Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 1887 $1 Morgan Silver Dollar - Fine - Philadelphia Mint - Collector Coin

item 2 1887 $1 Morgan Silver Dollar

item 3 1887 $1 Morgan Silver Dollar

item 4 1887 $1 Morgan Silver Dollar NGC AU DETAILS

item 5 1887 $1 Morgan Silver Dollar With Eagle Case. 90% Silver

item 6 1887 $1/AU/Morgan Silver Dollar

item 7 1887 P BU MORGAN SILVER DOLLAR FROSTY WHITE

Ratings and Reviews

Most relevant reviews

SILVER SHINES LIKE GOLD

great coin! bought it for a girl friend; she's gone but i hadn't given it to her yet : - )

Excellent

very good features

'87 P Morgan

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