Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: New Orleans
Mintage: 11,550,000
Catalog: KM-110
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $16.08 (7/26/2014)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1887 O S$1 MS obverse 1887 O S$1 MS reverse


  
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Description & Analysis

he usually seen example of this issue is poorly struck and lackluster. In his Silver Dollar Encyclopedia, Dave Bowers noted: "The typical Mint State coin is heavily bagmarked, has dull luster, and is poorly struck. As if that were not enough, it is apt to be in lower grade levels." Later, in The Official Red Book of Morgan Silver Dollars, the same author noted: "Prooflike dies were used extensively, and pieces with a degree of prooflike surface, sometimes deep and accentuated with cameo devices, are elusive, but not great rarities. However, most are lightly struck at the center."

Quantities of this issue were released from Treasury vaults over a period of years throughout the middle 20th century, with the latest coins being dispersed in 1964, among the last coins paid out. Nearly all of these coins from the Treasury were in the lowest Mint State grades. In fact, one silver dollar specialist stated that he actually found XF and AU grade coins in mint-sewn bags of these dollars.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 2/10/2014

Click on a price to see historical prices, comparison charts and trends.

1887 O S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 29.00 34.00 36.00 37.00 39.00 39.00 40.00 41.00 42.00 45.00 50.00 67.00 95.00 140 375 2700 36000 - - - -
$ 42.00 45.00 46.00 48.00 50.00 56.00 75.00 125 175 660 6750 41000 - -
1887 O S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 70.00 85.00 160 350 700 4250 49000 - - - -
$ - - - - - 77.00 95.00 200 575 1325 8600 57500 - -
1887 O S$1 MS Deep Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 115 190 315 725 2500 16750 65000 - - - -
$ - - - - - 135 240 400 850 4125 34500 79000 - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 9444
Low Grade: PrAg
Average Grade: 62
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
7/27/2014 MS 63   David Lawrence Rare Coins Internet Auction # 814, 823/Lot# 201
8/9/2014 MS 65   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(3), 1208/Lot# 4777


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/18/2001 NGC MS 64   Heritage Auctions 2001 November Santa Clara Bullet Sale #276, 276/Lot# 1288 $172.50
1/23/2006 NGC MS 61   David Lawrence Rare Coins Internet Auction # 71, 76/Lot# 781 $49.45
2/12/2006 PCGS MS 62   Teletrade Auction 2159, 2159/Lot# 1807 $58.00
9/23/2007 PCGS MS 63   Goldberg September 23-26, 2007 Pre-Long Beach Coin and Currency Auction, 42/Lot# 1531 $86.25
9/28/2008 NGC MS 63   Heritage Auctions Sunday Internet Coin Auction #68101, 68101/Lot# 62984 $80.50
3/28/2009 PCGS MS 65   Heritage Auctions 2009 March Baltimore, MD Signature US Coin Auction #1126, 1126/Lot# 1344 $1,610.00
4/28/2009 PCGS MS 65   Heritage Auctions 2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124, 1124/Lot# 3076 $1,610.00
8/7/2010 NGC MS 64   Stack's Bowers The August 2010 Boston Rarities Sale, 34/Lot# 1218 $1,495.00
10/14/2012 PCGS MS 62   Prooflike GreatCollections GreatCollections Coin Auctions 10/14/2012, 44/Lot# 79290 $157.30


NGC Registry

NGC Registry Score 1887 O S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base12313115915916316316316716717518320125835146393328078606905496562408445043
125140159160163163164167169177189220289388619155747408755925414465310700
00000016416716917718922028938861915574740875592541446500
00000016516717218019523932042577621826673890494551927400
1887 O S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base135143175175179179179183183190201237278471820145039227898937099872577848049
1371531751761791791801831851932132503425871030227452478388957515250332010
000000180183185193213250342587103022745247838895751525000
000000181183187197225264406703124030986572887997812051400
1887 O S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base163171201201205205205209209216223389575774148327055986109520134463638968024
165181201202205205206209211218278451641101018903798764110952021093469340
00000020620921121827845164110101890379876411095202109300
00000020720921322033351370712462297489292961095202874100
Registry Image Gallery
Grade: MS 65 DPL
Points: 7641
Owner: AYWP
 
Grade: MS 64
Points: 3975
Owner: andold
 
View the Registry Image Gallery

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