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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: The 1887 is as common as can be. Today, examples remain plentiful, but as most are weakly struck in one area or another, or have poor luster, or are a#icted with both negatives, being fussy is the order of the day when buying one. Proofs are rarities in proportion to their mintage.
Surface Quality: Striking varies from flat at the centers, as usual, to fairly decent. Cherry picking is advised. The 1887 is a plentiful date, so many opportunities will exist. The luster is typically dull and somewhat “greasy,” at a low level of quality. Cherrypicking is needed to find a deeply lustrous example. Apparently, this largemintage issue was produced in haste.
Prooflike Coins: Many prooflike coins exist, as do many DMPLs, but relatively few have cameo contrast.
Mintage and Distribution: Delivery figures by month: January, 2,020,000; February, 1,950,000; March, 2,020,000; April, 2,000,000; May, 1,900,000; June, 1,500,000; July, 0; August, 1,500,000; September, 1,700,000; October, 2,000,000; November, 2,000,000; December, 1,700,000. Bags from this huge mintage were paid out over a long period of time, with especially large quantities appearing from the 1950’s onward. Today, this is the most common of all early Morgan dollar dates, the bane of many coin shop owners presented with “an old and valuable silver dollar that has been in the family for years.”
PROOF STRIKES:
Mintage: 710. Delivery figures by month: January–February, 0; March, 380; April–May, 0; June, 90; July–August, 0; September, 40; October–November, 0; December, 200.
Key to Collecting: Usually a decent strike. Medium to low contrast. Diminished mintage quantities of this and other dates of this era add to the challenge of finding high-quality pieces. Incidentally, the majority of the Proof-66, Proof-67, and Proof68 or finer pieces represent coins certified in recent years. Earlier, many would have been called Proof-65. Skeptical? Just dig out some old population reports for, say, 1990, and see how many Proofs of any date are listed in such high grades.
VARIETIES:
Although at least 55 obverse and 54 reverse dies were made for intended use for this coinage (including one overdated die, 1887, 7 Over 6, described next), none besides the overdate are of particular interest except to the super-dedicated VAM enthusiast. Over 1.1 million coin & currency values updated hourly.
Catalog Information
GSID:
7499
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1887
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:
1887
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
20,290,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7173
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Coin Value History
1887 $1 MS PL
Value By Grade
1887 $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 |
|
$8,000 | $1,234 |
| MS67 | - | $5,500 | $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
1887 $1 MS64 Prooflike PCGS. Housed in a Generation 3.1 green label holder. CDN: $180 Whsle. Bid for NGC/PCGS MS64. Minta...
$244
1887 $1 MS65 Prooflike PCGS. Housed in a Generation 3.0 green label holder. CDN: $275 Whsle. Bid for NGC/PCGS MS65. Mintage...
$561
1887 $1 Mint State 9.1 Prooflike NGCX. Ex: FunBox 2024. Mintage 20,290,710. ...
$104
1887 $1 MS63 Prooflike PCGS. Mintage 20,290,710. ...
$169
1887 $1 MS62 Prooflike PCGS. Housed in a Generation 3.0 green label holder. PCGS Population: (218/2194). NGC Census: (235/1...
$149
1887 $1 MS67 Prooflike NGC....
$2,880
1887 $1 MS66 Prooflike PCGS. PCGS Population: (83/7 and 8/0+). NGC Census: (63/9 and 2/0+). CDN: $600 Whsle. Bid for NGC/PC...
$960
1887 $1 MS60 Prooflike ANACS. NGC Census: (3/1843). PCGS Population: (3/2133). ...
$74
1887 $1 MS64 Prooflike PCGS. Housed in a Generation 3.1 green label holder. CDN: $180 Whsle. Bid for NGC/PCGS MS64. Minta...
$244
1887 $1 MS65 Prooflike NGC. Housed in a Generation 5 fatty holder. Mintage 20,290,710....
$312
1887 $1 MS61 Prooflike NGC. NGC Census: (27/2081). PCGS Population: (39/2368). CDN: $100 Whsle. Bid for NGC/PCGS MS61. Mint...
$99
1887 $1 MS63 Prooflike PCGS. This piece is housed in a PCGS green label holder. Mintage 20,290,710....
$240
1887 $1 MS62 Prooflike CACG. Mintage 20,290,710....
$149
1887 $1 MS67 Prooflike NGC....
$2,760
1887 $1 MS66+ Prooflike PCGS. PCGS Population: (83/8). NGC Census: (63/9). CDN: $600 Whsle. Bid for NGC/PCGS MS66. Mintage ...
$1,020
1887 $1 MS60 Prooflike ANACS. NGC Census: (2/1585). PCGS Population (3/1741). Numismedia Wsl. Price for problem free NGC/P...
$62
1887 $1 MS64 Prooflike ANACS. Housed in a small-sized holder. Mintage 20,290,710. ...
$216
1887 $1 MS65 Prooflike PCGS. Mintage 20,290,710. ...
$312
1887 $1 MS61 Prooflike NGC. NGC Census: (26/2080). PCGS Population: (39/2348). CDN: $95 Whsle. Bid for NGC/PCGS MS61. Minta...
$91
1887 $1 MS63 Prooflike NGC. Mintage 20,290,710....
$240
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