Last Updated on April 7, 2022
The 1887 silver dollar coin is also known as the Morgan silver dollar and has been a part of the legal currency for more than eight decades now. It is also called the Morgan silver dollar after Morgan T. George, who won the hearts of officials with the flawless design. You can still get this coin and add it to your collection.
So let’s take a look at the 1887 silver dollar value to help you easily get this coin for a reasonable price.
How Much Is 1887 Silver Dollar Worth?
The worth of this coin depends on its weight in silver. You will find that the melting rate of this coin’s silver is $19.08. We calculated this value from the latest spot rate of silver, which is more than $24/ounce.
In very fine condition, the 1887 silver dollar value without a mint mark is at least $30. On the other hand, this coin’s value in extremely fine condition is at least $30. In the uncirculated condition and MS 60 grade, the value of this coin is $50.
Finally, the MS 65 uncirculated coin has the greatest value. You can sell such a coin for $150 or more.
What Is The 1887 Silver Dollar Value Of The S Series?
The 1887 silver dollar also had an S series. The 1887 silver dollar value of the S coin series relies on the state. For example, in very fine condition, this penny has a value of at least $30.
On the other hand, the coin is worth at least $33 in extremely fine condition. The uncirculated coin value of this dollar with an MS 60 grade is more than $175. However, the MS 65 grade uncirculated coin has the greatest value.
Such an 1887 silver dollar has a value of $1,400 or more. If you have this coin, you can sell it to make money in no time.
What Is The 1887 Silver Dollar Value Of The S Series?
The 1887 silver dollar also had an O series. The 1887 silver dollar value of the S series relies on the state. For example, in very fine condition, this coin is worth at least $30.
On the other hand, the coin is worth at least $33 in extremely fine condition. The uncirculated coin value of this dollar with an MS 60 grade is more than $85. However, the MS 65 grade uncirculated coin has the greatest value.
Such an 1887 silver dollar has a worth of $1,600 or more. That is why almost all collectors try to get their hands on this coin to improve their collection of valuable coins.
What Is the Value of 1887 Silver Dollar Proof Coins?
The 1887 silver dollar value is also dependent on the fact that the coins were proof or not. For example, proof coins that have no mint mark are available, and each of them has a value of $3,000 or more in the PR63 condition.
Remember, only 710 1887 silver dollar proof coins were minted during that year. That is why the value is high, and you can find them to add to your collection in no time.
How To Tell The 1887 Proof Silver Dollar Is In PR 63 Condition?
You will find that such coins only have slight blemishes away from the significant focal points. Besides that, it has a reflective surface. Such coins have no major flaws.
That is why these coins have a high value, and you will not easily find them. If you do, you will have to pay a high price to collect them.
How to Tell If the 1887 Silver Dollar is Fake?
The 1887 silver dollar is a rare coin, and it can be worth a lot of money. However, there are many fake 1887 silver dollars in circulation. So, how can you tell if the 1887 silver dollar you have is real? Here are some tips:
- Look at the date on the coin. The date should be in the same place on all of the coins in a series.
- Check the color: Silver dollars are made of silver, so they should have a silver color.
- The Weight of the coin: If the weight of the coin does not feel right then it might be fake.
- The Edge of the coin: Silver dollars have a receded edge, which means that the edges of the coins have small ridges.
- The Design on the coin: The design on silver dollars should be sharp and clear.
- Look at the edges of the coin. The edges of a real 1887 silver dollar will be smooth, while the edges of a fake coin may be rough or have ridges.
- Look at the design on the coin. The design on a real 1887 silver dollar should be sharp and clear, while the design on a fake coin may be blurry or have mistakes.
- If you are not sure whether your 1887 silver dollar is real or not, you can take it to a coin dealer for verification. Coin dealers can use special tools to tell if a coin is fake or not.
Find out the value of the other silver dollar coin…
