1888 Silver Dollar Value

1. 1888 Silver Dollar Value Mint
2. 1888 Cc Morgan Silver Dollar

Mintage: 12,150,000

T he Morgan Silver Dollar series carries the distinction of being the most collected series of coins ever produced by the United States Mint. Those produced in Carson City, Nevada are the most cherished and sought-after of all the Morgans, making CC Morgans the most popular and desired Silver Coins ever produced by the United States. The Value of An 1888-O Morgan Dollar. The 1888-O Morgan dollar is a typical common date mintage in all circulated grades. Mint State grades up to MS64 are also common. It is easily found in MS65. This is even though multiple millions of 1888-O Morgan dollars are thought to have been melted under the Pittman Act of 1918.

Finest Known: MS67 (NGC) MS67 (PCGS)

Auction Record: $20,563 (MS66)

More than 12 million 1888-O Morgan dollars were minted. Most were squirreled away in Philadelphia Mint and Treasury Department vaults after the New Orleans Mint shut down. They began appearing (mostly in the Western US) in 1946. A second disbursement occurred through the mid- to late 1950s.

A veritable flood of 1888-O Morgan dollars hit the market from 1962 through 1964. Unlike the famous Treasury vault disgorgements at the same time, these came from the vaults at the Philadelphia Mint. Estimates of the number of 1888-Os released range from hundreds of thousands to more than a million.

The Value of An 1888-O Morgan Dollar

The 1888-O Morgan dollar is a typical common date mintage in all circulated grades. Mint State grades up to MS64 are also common. It is easily found in MS65. This is even though multiple millions of 1888-O Morgan dollars are thought to have been melted under the Pittman Act of 1918.

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Like many New Orleans mintages, the 1888-O Morgan dollar was weakly struck with dull luster. Sharply-struck examples with good luster exist, but are only a small portion of the entire mintage.

While 'negligence' would be too harsh a word, the mint's inattention to detail did have the happy side effect of creating two spectacular error rarities: The 'Hot Lips' DDO, and the 'Scarface' 1888-O Morgan dollars.

The 'Hot Lips' 1888-O Morgan dollar is a doubled die obverse (DDO) die error. The doubled image gives Liberty the effect of having a big cleft chin, and large, cartoon-like 'kissy' lips.

The 'Scarface' 1888-O Morgan dollar is the result of a prominent die crack giving Liberty what looks like a knife scar diagonally across her face.

Both these coin errors are immensely popular, with prices to match.

1888-O Morgan Dollar Price Guide

The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser 'finest known' and different record auction prices.

Grading Morgan Dollars

The guidelines below will apply to all Morgan dollars, not just the 1888-O.

The prices provided below are a general guide: No two coins are ever quite the same. That's especially important to keep in mind when you see recent auction prices for a particular type of coin.

Coin auction data is regularly updated by Heritage, NGC, and PCGS. You should absolutely review recent auctions to get a ballpark estimate of what a coin is worth.

However, collector interest can vary from one auction to another, even for virtually identical coins. A coin with a lower grade or 'book value' may sell for a higher price based on the appearance of the coin, where it is sold, and what pedigree or provenance it carries.

THE HIGH POINTS WHERE SIGNS OF WEAR FIRST APPEAR ON MORGAN DOLLARS:

• Top of cheek
• Brow
• Hairline
• Hair over ear
• Curls over date
• Top of cap
• Eagle's breast
• Eagle's legs
• Eagle's head
• Right wingtip

1888 Silver Dollar Value Mint

PRIME FOCAL AREAS ON MORGAN DOLLARS

• Face and neck of Liberty
• The field in front of Liberty's face
• Body and wings of the eagle
• Fields to sides of wings and above eagle's head

Very Fine

VF Morgan dollars will show light to moderate wear on the highest points of the design. All major details will still be fully visible. Some minor loss of detail along Lady Liberty's hairline will be apparent. There must be strands of hair still visible over the ear to qualify for a VF grade. The cotton and leaves in Liberty's hair will have lost some detail.

On the reverse, the feathers will be worn away from the eagle's breast except at the very top. The head and neck will be worn to a less degree. The very tip of the right wingtip may show wear.

Extremely Fine

An XF (sometimes abbreviated EF) Morgan dollar will only have light wear overall. 90% of the original details should remain. The cotton boll will retain nearly all of its original detail. Edges of the leaves will show light wear. Slight wear will be seen on Liberty's cheek and high points of the hair.

The eagle's breast and leg feathers on the reverse will show more detail than on a VF coin. Only the highest points should exhibit wear. The right wingtip will show light wear. The rest of the wings will still show finer detail in some spots.

About Uncirculated

An About Uncirculated Morgan dollar will have extremely light wear that may be barely visible at all. An AU Morgan dollar will generally have very good eye appeal, even when compared to low-end Mint State coins. The coin will have nearly complete luster, only missing a bit of detail from the cheek and very highest points of relief. Any abrasions and scratches will be small and not distract from the rest of the design.

Uncirculated Morgan Dollars

As a rule, uncirculated coins will have complete mint luster. Uncirculated coins are graded from Mint State 60 (MS60) to Mint State 70 (MS70). An MS60 coin has never circulated, but will have significant marks that detract from eye appeal. A MS70 coin is one that is flawless, even under 5x magnification.

Mint State 61

MS61 coins display far less eye appeal than a comparable About Uncirculated coin. It will have numerous marks and abrasions, especially distracting ones across Lady Liberty's face. Nonetheless, the relief details of the coin are not worn away, meaning it will grade as Mint State.

Mint State 63

An MS63 Morgan dollar will have substantially more eye appeal than a MS61 or MS62. There may be several scattered marks, but none that are particularly heavy. In terms of collectible status, MS63 is considered the 'Choice Uncirculated' grade.

Mint State 65

MS65 Morgan dollars are very attractive and colloquially called 'Gem Uncirculated.' Only the very slightest nick on Lady Liberty's face or other minute marks keep such a coin from grading even higher. Overall the coin will have exceptional eye appeal and crisp relief details.

Coin Values Moving with Precious Metals: Up-Dated 2/8/2021: Gold $1813 | Silver $26.90

Pushed higher by continued collector demand and bullion prices your 1888 Morgan silver dollar value is a minimum of $25.44 .

With its large silver content as a nice start and strong collector demand for the San Francisco issue your coin has the potential for much higher value. Of the three mints that produced silver dollars in 1888, those struck at San Francisco are scarce today. See the section below the value table and using the mintmark image discover if yours is the 'S' mint.

Now let's turn to the condition of your coin. Pictured is a remarkable silver dollar. This 1888 dollar is not only in top 'uncirculated' condition but its bright original luster is free of contact marks. It is a candidate for a valuable high end collection.

Scarcity of nice condition silver dollars is becoming evident today as large numbers of collectors search for these collector quality coins. By taking a few minutes to compare your old silver dollar to the 'grading' images below leads to finding today's 1888 Morgan silver dollar value.

1888 Cc Morgan Silver Dollar

Mintmarks are a small but important detail deciding 1888 Morgan silver dollar value. Finding your coin was struck at the San Francisco mint, identified by an 'S' on the reverse increases the potential value. Just below the ribbon is either an 'S' for San Francisco, or an 'O' indicating New Orleans mint. If no mintmark is found your coin was minted at the Philadelphia mint.

Discover the Rare 1888 Morgan Silver Dollar

Two rare 1888 silver dollars are pictured on the right and in today's market each is worth well over $100. Significant is that each is also distinctly different in appearance.

Easily noticed, one has the 'look' most would agree is desirable and valuable. The other dollar is appreciated as a collectible because of a scarce mintmark. Your 1888 silver dollar needs the attention necessary to properly distinguish and find its true value.

Viewing the bottom coin, it is similar to most worn and circulated silver dollars encountered. However once the 'S' mintmark is identified this coin is quickly recognized as something uncommon and scarce. With most dates and mints produced in the millions, the total number of San Francisco dollars dated 1888 was very low, (657,000) as reported by Whitman's Red Book. Low initial production, an even smaller amount surviving until today and the large number of silver dollar collectors all combine to keep the value high.

Stunning in appearance, pictured on the top is a 'condition rarity' 1888 Morgan dollar. Although there is a huge supply of silver dollars, any coin of this quality is scarce and in great demand by collectors and dealers. Carefully preserved and sheltered from the elements is a rare treatment for most coins, this example stands apart retaining its original untouched condition.

Your 1888 Morgan silver dollar value is determined by the above fascinating combination of factors. Collectors, with careful study have developed a sophisticated appreciation of a silver dollars' worth.

Details Raise 1888 Morgan Silver Dollar Value

Follow along with the images and descriptions as a Morgan dollar begins to wear from freshly minted 'Uncirculated' condition, to a very worn example in 'Good' condition. By judging the different stages of wear, a 'Grade' is determined. The greater the detail remaining, the greater your 1888 Morgan silver dollar value.

Uncirculated: To reach the coveted 'uncirculated' condition all original, as minted detail remains. None has been removed due to wear. OK are nicks and abrasions from contact with other coins, this is normal due to the minting and storage process of silver dollars. Confirming the uncirculated grade is mint luster remaining on the entire surface, including her chin, neck line and hair below and above the ear. These areas are the first to wear and exhibit a dull and smooth texture once in circulation.

Extremely Fine: Slight but obvious removal of design and metal defines a worn silver dollar in 'extremely fine' condition. Mint luster is now gone from the large exposed areas, specifically the field in front of Liberty and her face. Small details in her hair are now missing, most noticeable above her forehead and behind her neck. Also the folds in the cap show wear on the highest parts, the result of use and handling. This is a nice coin, with solid 1888 Morgan silver dollar value.

Fine: Circulation has now reduced most of the finer design details to the point of merging. Overall and clearly visible, moderate wear describes silver dollars in 'fine' condition. Liberty's hair both above and below the ear is noticeably worn with wide flat spots now replacing the original fine lines. Turning to the reverse, the leaves in the wreath are now very flat, most feathers in the eagle's neck have merged and the very tip of the wings lack any detail. Despite moderate wear 'fine' condition 1888-S dollars are scarce and worth over $115. See the section above and determine if your coin has the 'S' mintmark.

Good: An 1888 silver dollar in 'good' condition is distinctly 'flat' in appearance. The original separation of Liberty's hair and forehead has worn away. Her ear still shows, however hair above and behind the ear is smooth and connecting to her cheek. Liberty is visible in the head band but the once detailed cotton blossoms are now lost.

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