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Proof-like surfaces.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Book Reference
Key to Collecting: Dollars of 1886 are very common, but often dies were used like the Energizer Bunny—they just kept going and going, and going some more. As a result, more than a few surviving Mint States coins are grainy and show metal flow lines. Cherrypicking is recommended. Worn 1886 dollars are common, and without doubt huge numbers of them went into refinery furnaces during the run-up of silver bullion prices in the 1980’s, as few numismatists wanted them.
Surface Quality: The strike varies, but most are fairly sharp. As a rule of thumb the luster on the 1886 is rather dull, often grainy, as dies seem to have been used for a long time. Cherry picking is needed to find one with deep mint frost.
Prooflike Coins: Prooflike coins are occasionally seen, usually with low contrast. DMPL coins with cameo contrast are very elusive.
Mintage and Distribution: Delivery figures by month: January, 1,700,000; February, 1,700,000; March, 1,700,000; April, 1,700,000; May, 1,700,000; June, 1,563,000; July, 1,600,000; August, 1,800,000; September, 1,900,000; October, 1,800,000; November, 1,400,000; December, 1,400,000. Dollars dated 1886 were paid out over a long period of years and therefore have been common in numismatic circles. Large quantities of bags were distributed in 1951 and 1952, and, probably, several thousand bags in 1954—after which time they were super-common. The remaining bags left Treasury vaults during the 1962 through 1964 release.
PROOF STRIKES:
Mintage: 886. Delivery figures by month: January–February, 0; March, 360; April– May, 0; June, 165; July–August, 0; September, 100; October–November, 0; December, 261. Two obverse die varieties are known, one with 1 (1886) repunched, the other showing traces of repunching of 18 and 6; the last variety has just 179 edge reeds, instead of the usual 188 to 190.
Key to Collecting: Strike is usually decent. Contrast medium to low. Nice 1886 Proof dollars exist, but they are harder to find than certain other dates mentioned thus far.
VARIETIES:
There are no dramatic die varieties known from the 63 obverse and 60 reverse dies made for the coinage, though some doubled dates may be of interest.
Catalog Information
GSID:
7497
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1886
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1886
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
19,963,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7167
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Coin Value History
1886 $1 MS PL
Value By Grade
1886 $1 MS PL
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$7,500 | $1,234 |
| MS67 | - | $4,400 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1886 $1 MS64 Prooflike NGC. Housed in a Generation 4 fatty holder. CDN: $195 Whsle. Bid for NGC/PCGS MS64. Mintage 19,963,8...
$293
1886 $1 MS67+ Prooflike PCGS. CAC. The late 1880s produced roughly 20 million silver dollars annually at the Philadelphia M...
$7,200
1886 $1 MS65 Prooflike PCGS. Mintage 19,963,886. ...
$384
1886 $1 MS62 Prooflike PCGS. Mintage 19,963,886.From The Flat Wallet Ranch Collection....
$139
1886 $1 MS66 Prooflike PCGS. CAC. CAC Population: (12/1). Mintage 19,963,886. ...
$1,040
1886 $1 MS63 Prooflike NGC. NGC Census: (425/450). PCGS Population: (397/531). CDN: $135 Whsle. Bid for NGC/PCGS MS63. Mint...
$164
1886 $1 MS61 Prooflike PCGS. PCGS Population: (27/963). NGC Census: (25/922). ...
$63
1886 $1 MS64 Prooflike NGC. Mintage 19,963,886....
$264
$1 1886 PCGS MS67+ PL CAC
$7,344
1886 $1 MS65 Prooflike PCGS. This piece is housed in a green PCGS holder. Mintage 19,963,886....
$384
1886 $1 MS62 Prooflike PCGS. PCGS Population: (182/967). NGC Census: (166/881). CDN: $100 Whsle. Bid for NGC/PCGS MS62. Min...
$124
1886 $1 MS66 Prooflike NGC. NGC Census: (18/1). Mintage 19,963,886. ...
$840
1886 $1 PCGS MS63 PL
$145
1886 $1 Doubled Arrows, VAM-17, MS64 Prooflike PCGS. CAC. A Top 100 Variety. CAC Population: (2/0)....
$504
1886 $1 MS67 Prooflike PCGS. CAC. ...
$6,300
1886 $1 VAM-21, Line in M, Misplaced Date MS65 Prooflike PCGS. A Top 100 Variety. PCGS Population: (2/0 and 0/0+)....
$456
1886 $1 MS62 Cameo Prooflike ANACS. Mintage 19,963,886....
$121
1886 $1 MS66 Prooflike PCGS. CAC. PCGS Population: (27/1). NGC Census: (17/1). CDN: $900 Whsle. Bid for NGC/PCGS MS66. Mint...
$990
1886 $1 MS63 Prooflike PCGS. CAC. PCGS Population: (397/532). NGC Census: (423/449). CDN: $135 Whsle. Bid for NGC/PCGS MS63...
$149
1886 $1 VAM-1A, Line in 6, MS64 Prooflike PCGS. A Top 100 Variety. PCGS Population: (2/0 and 0/0+)....
$204
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