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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-S dollar is a delight to own, as a coin selected with care will be well struck and very attractive. This date and mint is somewhat scarce in the series, but hardly a “stopper.” A grade such as MS-63 offers a lot of coin for the money.
Surface Quality: Usually seen well struck; with few exceptions a no-problem issue. However, some are light at the centers, most noticeably on the eagle’s breast. Usually seen with attractive frosty luster.
Prooflike Coins: Prooflike coins are occasionally encountered. Nicks and marks can be a problem due to storage and repeated handling in bags. Several hundred were in the Redfield hoard dispersed after 1976.50
Mintage and Distribution: Delivery figures by month: January–May, 0; June, 16,000; July, 0; August, 420,000; September, 400,000; October, 450,000; November, 400,000; December, 85,000. Many coins went into storage at the San Francisco Mint, the procedure used for others of this era. From the early 1940’s through the 1950’s large quantities were paid out, but most did not land in numismatic hands.
VARIETIES:
Among the minor die varieties, VAM-2, with the S mintmark sharply doubled and with the upper right serif of an earlier mintmark boldly visible within the top opening of the final S, has merited listing in The Top 100 Morgan Dollar Varieties. A strong glass is needed to appreciate it.
Treasure-hunt possibility? Maybe! All dies for the 1887 coinage were prepared at the Philadelphia Mint. At VAM-2 least one overdated obverse die, 1887, 7 Over 6, was used by each of the Philadelphia and New Orleans mints. Might an 1887-S, 7 Over 6, exist somewhere out there? Less than half of the die combinations have been described by Van Allen and Mallis, so, indeed, there is a potential.
Catalog Information
GSID:
7547
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-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
1,771,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7181
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Coin Value History
1887-S $1 MS PL
Value By Grade
1887-S $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) |
|---|---|---|---|
| MS65 |
|
$12,000 | $1,234 |
| MS65 | - | $10,000 | $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-S $1 MS63 Prooflike PCGS. PCGS Population: (41/41). Mintage 1,771,000....
$1,800
1887-S $1 MS65 Prooflike NGC. NGC Census: (3/0). Mintage 1,771,000....
$7,800
1887-S $1 MS62 Prooflike PCGS. PCGS Population: (28/82). Mintage 1,771,000....
$432
1887-S $1 AU55 Prooflike NGC. NGC Census: (5/128). PCGS Population: (1/115). CDN: $190 Whsle. Bid for NGC/PCGS AU55. Mintag...
$144
1887-S $1 MS64 Prooflike PCGS. PCGS Population: (34/2). NGC Census: (24/3). CDN: $2,200 Whsle. Bid for NGC/PCGS MS64. Minta...
$2,640
1887-S S$1 MS61 Prooflike NGC....
$178
1887-S $1 MS63 Prooflike NGC. NGC Census: (41/26). PCGS Population: (41/36). CDN: $495 Whsle. Bid for NGC/PCGS MS63. Mintag...
$630
1887-S $1 MS65 Prooflike PCGS. CAC....
$12,000
1887-S $1 Paramount MS62 NGC. Ex: Redfield Collection. NGC Census: (33/70). PCGS Population: (26/82). CDN: $350 Whsle. Bid ...
$336
1887-S $1 AU55 Prooflike NGC. NGC Census: (2/111). PCGS Population (0/76). (#7181)...
$89
1887-S $1 MS64 Prooflike PCGS Gold Shield. ...
$1,440
1887-S $1 MS63 Prooflike PCGS. PCGS Population: (39/41). NGC Census: (41/27). CDN: $495 Whsle. Bid for problem-free NGC/PCG...
$432
1887-S $1 MS65 Prooflike NGC. ...
$5,040
1887-S $1 PCGS MS62 PL
$425
1887-S/S $1 VAM-2 MS64 Prooflike PCGS. CAC. ...
$2,040
1887-S $1 MS63 Prooflike PCGS. PCGS Population (34/23). NGC Census: (46/31). Numismedia Wsl. Price for problem free NGC/PC...
$446
1887-S $1 MS65 Prooflike NGC. ...
$4,080
1887-S $1 MS62 Prooflike PCGS. PCGS Population (20/67). NGC Census: (28/72). Numismedia Wsl. Price for problem free NGC/PC...
$317
1887-S $1 MS64 Prooflike PCGS. CAC. ...
$3,360
1887-S $1 MS63 Prooflike NGC. NGC Census: (40/30). PCGS Population (31/18). Numismedia Wsl. Price for problem free NGC/PC...
$632
Greysheet News
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7/25/2024
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