Last Updated on March 30, 2022
The 1886 silver dollar is one of the oldest and a unique coin to collect. If you are a collector of these coins, don’t forget to add the 1886 silver dollar to your collection.
If you are looking to get to know more about it, below we have discussed it in detail. Make sure to read it to learn more about the 1886 silver dollar.
How Much Is 1886 Silver Dollar Worth?
The 1886 silver dollar was produced and issued in three series. 1886, 1886 O, and 1886 S. The series has different market values.
The 1886 standard silver dollar with no mintmark is worth about $30 in very fine condition and $33 in extremely fine condition. On the other hand, in uncirculated condition with an MS60 grade, the silver dollar is worth $50 and $150 for an MS63 1886 silver dollar.
The 1886 O silver dollars were minted in New Orleans and had a mintmark present on them. They are worth around $42 in very fine condition and $45 in extremely fine condition. However, an MS60 grade uncirculated condition silver dollar is valued at $900 and $1,500 if the silver dollar is awarded an MS63 grade.
The 1886 S silver dollar in very fine condition is worth around $78 and $115 in extremely fine condition. With an MS 60 grade in an uncirculated condition, the silver dollar is worth $350. On the other hand, an MS63 grade silver dollar is valued at $1,600.
There were also 886 proof coins minted of the 1886 silver dollars. The proof coins are available without any mintmark. A proof coin with a PR 63 grade is valued at around $3,000.
What Is The Silver Melt Value of The 1886 Silver Dollar?
The silver melt value of a coin depends on the spot price of the silver. As of today, the silver melt of the 1886 silver dollar would be $19.81.
What Is The Metal Composition of The 1886 Silver Dollar?
The 1886 silver dollar is a unique-looking coin. The 1886 silver dollars are also known as the Morgan silver dollars. The metal composition of the 1886 silver dollar is 90% silver and 10% copper.
Therefore, if you want to extract silver out of an 1886 silver dollar coin, you’ll get a good amount of silver.
How to Make Sure That I Have an Original 1886 Silver Dollar?
You may have a coin that would match every feature of an original coin. To make sure that you have actual coins, check the coin’s weight. As the original coins are made out of silver, the weight measure can tell you if your coin is authentic or not.
An 1886 silver dollar weighs around 26.73 grams. Therefore, your silver dollar should also weigh around this. To make sure your weight is proper, use a calibrated weighing scale.
What Is The Silver Weight Of The 1886 Silver Dollar?
Yes, the weight of the coin and the silver weight in a coin are two different things. The silver weight represents how much silver is in the coin in ounces. Therefore, knowing the silver weight will help you understand how much silver will be extracted if you melt the 1886 silver dollar.
The silver weight in the 1886 silver dollar is around 0.77344 oz. Therefore, the silver melt value of the 1886 silver dollar can be calculated. Just multiply the silver weight and the spot price of silver per ounce, and you will have the value of your 1886 silver dollar.
How Many 1886 Silver Dollars Were Ever Minted?
The US government minted the 1886 silver dollar in large quantities. However, different mints have a different number of amounts that they minted.
Knowing the quantities minted would be easier for you to understand the availability of each series of the 1886 silver dollar. For example, around 19,963,000 coins were minted of the 1886 silver dollar series.
On the other hand, around 10,710,000 coins of the 1886 O silver dollar series were ever minted. This could be one of the reasons why the 1886 S are more valuable than others, as they were only minted in 750,000 coins.