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The 1888-S Morgan dollar is a popular and scarce piece that is relatively available in the circulated grades. However, it is perhaps more numerous in uncirculated grades as most of the ones on the market today came to light in the mid 20th century with the release of bags by the U.S. Treasury. PLs and DMPLs are extraordinarily scarce, especially in the Gem range, where these pieces are downright rare.
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 1888-S is scarce in Mint State in the context of Morgan dollars, but enough exist that there is no diffculty tracking down an example in MS-63 or MS-64. While many if not most San Francisco Morgan dollars are sharply struck, the 1888-S is an exception.
Surface Quality: The strike varies from poor to sharp, with sharp pieces being in the minority. Careful cherrypicking is recommended. The luster of the 1888-S is usually attractive, although there are some exceptions.
Prooflike Coins: Prooflike coins, one-sided as well as two-sided, were plentiful a couple decades ago, but are widely scattered now. These can be very attractive. The Redfield hoard yielded some marvelous DMPL examples.
Mintage and Distribution: Delivery figures by month: January–March, 0; April, 160,000; May, 150,000; June, 239,000; July, 28,000; August, 10,000; September, 70,000; October–December, 0. The 1888-S was distributed in a manner similar to 1887-S. Examples were scarce on the numismatic market in early times, but in 1942 large quantities were released from storage in the San Francisco Mint. From then onward, they were a drag on the market, and as they kept coming out, many if not most were sent to Nevada casinos and elsewhere, to be used in commerce. After the 1950’s, quantities became scarce, and in time the issue became valuable. Relatively few were left by the time of the 1962 through 1964 Treasury release. The Redfield hoard is said to have had 5,000 to 10,000 coins, including thousands of prooflike examples.
VARIETIES:
VAM-2 and 6 show repunching of the S mintmark, mainly as a filling of the interior openings.
Catalog Information
GSID:
7552
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1888
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:
1888-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
657,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7186
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Coin Value History
1888-S $1 MS
Value By Grade
1888-S $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$36,000 | $1,234 |
| MS67 | - | $30,000 | $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 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
| P1 |
|
$1,234 | $1,234 |
| P1 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
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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
1888-S $1 MS62 PCGS. CDN: $430 Whsle. Bid for NGC/PCGS MS62. Mintage 657,000....
$464
1888-S $1 MS65 PCGS. CDN: $1,850 Whsle. Bid for NGC/PCGS MS65. Mintage 657,000. ...
$1,769
1888-S $1 MS63 PCGS. CDN: $750 Whsle. Bid for NGC/PCGS MS63. Mintage 657,000. ...
$824
1888-S $1 AU58 PCGS. CDN: $285 Whsle. Bid for NGC/PCGS AU58. Mintage 657,000. ...
$390
1888-S $1 AU55 PCGS. CDN: $225 Whsle. Bid for NGC/PCGS AU55. Mintage 657,000. ...
$293
1888-S $1 AU53 PCGS. CDN: $200 Whsle. Bid for NGC/PCGS AU53. Mintage 657,000. ...
$198
1888-S $1 Fine 15 PCGS. PCGS Population: 37 in 15, 10572 finer (10/25). CDN: $110 Whsle. Bid for NGC/PCGS Fine 15. Mintage ...
$149
1888-S $1 MS61 PCGS. Mintage 657,000. ...
$408
1888-S $1 MS66 NGC. VAM-8. The mintmark is clearly repunched within the loops and on the upper right serif, and the obverse...
$3,840
1888-S $1 AU50 PCGS. Mintage 657,000. ...
$210
1888-S $1 MS64 NGC. Mintage 657,000. ...
$932
1888-S $1 XF40 PCGS. Mintage 657,000. ...
$149
1888-S $1 XF45 NGC. Mintage 657,000. ...
$139
1888-S $1 VF35 NGC. NGC Census: (37/6399). Mintage 657,000. ...
$109
1888-S $1 VF25 NGC. NGC Census: (22/6323). PCGS Population: (22/9888). CDN: $113 Whsle. Bid for NGC/PCGS VF25. Mintage 657,...
$129
1888-S $1 MS60 NGC. NGC Census: (79/4035). PCGS Population: (94/6839). CDN: $350 Whsle. Bid for NGC/PCGS MS60. Mintage 657,...
$384
1888-S $1 VF30 PCGS. PCGS Population: (40/9437). NGC Census: (26/5840). CDN: $114 Whsle. Bid for NGC/PCGS VF30. Mintage 657...
$125
1888-S $1 Fine 12 PCGS. PCGS Population: (34/9032). NGC Census: (24/5448). CDN: $100 Whsle. Bid for NGC/PCGS Fine 12. Minta...
$104
1888-S $1 VG8 NGC. NGC Census: (25/5083). PCGS Population: (28/8576). CDN: $85 Whsle. Bid for problem-free NGC/PCGS VG8 . M...
$74
1888-S $1 VF20 NGC. NGC Census: (14/4986). PCGS Population: (30/8469). CDN: $110 Whsle. Bid for problem-free NGC/PCGS VF20....
$79
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