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: $12.47 (12/21/2014)
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: 12/15/2014

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 67.00 115 140 375 2700 36000 - - - -
$ 42.00 45.00 46.00 48.00 50.00 56.00 75.00 130 175 875 6750 41000 - -
1887 O S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 70.00 85.00 160 350 925 5250 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: 9581
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
12/23/2014 MS 64   Heritage Auctions Internet Coin Auction Session(1), 131451/Lot# 27212
12/23/2014 MS 63   Heritage Auctions Internet Coin Auction Session(2), 131451/Lot# 27607
12/23/2014 MS 62   Heritage Auctions Internet Coin Auction Session(2), 131451/Lot# 27602


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/1/1993 PCGS MS 64   Prooflike Heritage Auctions Long Beach Bullet #108, 108/Lot# 1652 $632.50
7/18/2004 PCGS MS 65   Teletrade Auction 1910, 1910/Lot# 1725 $3,740.00
2/18/2008 NGC MS 63   David Lawrence Rare Coins Monday - Internet Auction # 220, 226/Lot# 961 $92.00
5/25/2008 NGC MS 64   Teletrade Auction 2533, 2533/Lot# 2047 $403.20
9/14/2008 PCGS MS 64   Goldberg September 14-16, 2008 Pre-Long Beach Coin Auction, 48/Lot# 1050 $368.00
10/16/2011 NGC MS 63   Heritage Auctions Internet Coin Auction Session(1), 131143/Lot# 28581 $94.00
8/25/2013 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 08/25/2013, 89/Lot# 113293 $137.50
6/3/2014 PCGS MS 63   Stack's Bowers June 2014 Baltimore, 6021/Lot# 4363 $117.50


NGC Registry

NGC Registry Score 1887 O S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1231231391471511591631631671711832012623514779492860851588179127988312529
12312814214815416016316416817518922129239363415864745861689209379107650
0000001631641681751892212923936341586474586168920937900
0000001631661701791952423214357922223663087169024963100
1887 O S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1631711791861982052162272372482622723205279081393354595209847101831100213860
1661741811902002092202302412532652883896541070211055379629995910456119550
000000220230241253265288389654107021105537962999591045600
0000002232342442572693044587811231282875289738100711072900
1887 O S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base2552682782923043203333483633783924095978471421275463621051511035115731247315600
2592712832963093243383533683833984726801038186539577746106881121411873135150
000000338353368383398472680103818653957774610688112141187300
000000343358373387403534764123023105159913110862113941217300
Registry Image Gallery
Grade: MS 65 DPL
Points: 7746
Owner: AYWP
 
Grade: MS 64
Points: 3975
Owner: andold
 
View the Registry Image Gallery

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