Lot 037Coin values
1887-S Morgan Dollar
SAN FRANCISCO (S) · 90% SILVER, 10% COPPER · 1,771,000 STRUCK
Worth about $50–$130 circulated and $29,000–$41,000 in MS-65.
The 1887-S Morgan Dollar is a scarcer date from the San Francisco Mint, with 1,771,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $50–$130, and a well-preserved MS-65 example is estimated at $29,000–$41,000.
Type coin shown: 1885 Morgan dollar. We do not yet hold a licensed photograph of the 1887-S Morgan Dollar itself, so this is the nearest dated coin of the same design. The design is the same; the date, mint mark and condition of your coin will differ. Photograph: 1885 Morgan dollar (Philadelphia, no mint mark; image by Windrain). CC0, credit Windrain, via Wikimedia Commons.
- Mint
- San Francisco (S)
- Composition
- 90% silver, 10% copper
- Mintage
- 1,771,000
- Weight and size
- 26.73 g · 38.1 mm
- Designer
- George T. Morgan
Scarcer than 69% of the 96 issues in the Morgan series with a recorded mintage. 1,771,000 struck. Mintage is the number struck, not the number that survive.
Mint mark position
S, O, CC and D sit on the reverse below the wreath. Check the letter against the date: Carson City (CC) coins carry a premium in every grade.
Strike and surface
Look for full hair detail above Liberty's ear and sharp eagle breast feathers. Prooflike (PL) and deep mirror prooflike (DMPL) surfaces carry large premiums in Mint State.
Cleaning
Many Morgans have been cleaned or dipped. Hairlines and a dull, wiped look reduce value; original toning is generally preferred.
About the 1887-S Morgan
How much is a 1887-S Morgan Dollar worth?
Lustre's editorial estimate (Oct 2026) is $50–$130 for circulated examples (G-4 to EF-40) and $29,000–$41,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.
Is a 1887-S Morgan Dollar silver?
Yes. It is 90% silver, 10% copper and weighs 26.73 g, which is 0.7735 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.
How many 1887-S Morgan Dollars were minted?
1,771,000 were struck at the San Francisco Mint.
Where is the mint mark on a Morgan Dollar?
On the reverse, below the wreath and above the letters ONE. Philadelphia coins have no mint mark.
Is my 1887-S Morgan Dollar rare?
It is a scarcer date. It is worth more than a common date in better grades.
More Morgan Dollar values
Where these numbers come from
Morgan dollar, Wikipedia: mintage, composition, weight, diameter, edge, designer.
Morgan dollar mintage, Landofcoins.com: mintage by year and mint.
Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).
gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.
How the estimates are made. Facts reviewed Oct 2026.