The Morgan Dollar continued its run with an increasing number of coins produced at the Philadelphia and New Orleans Mints during the period from 1886 to 1890. For each year, Philadelphia would strike around 20 million silver dollars, including the peak production of 21,726,000 in 1889. Meanwhile, New Orleans would strike more than 10 million silver dollars for each of these years.

The high production compared to relatively moderate use of the denomination within circulation was driven by the requirements of the original authorizing legislation. The Treasury Department was required to purchase between two and four million dollars worth of silver each month to be minted into silver dollars. Silver certificates were also issues with the exact amount of silver dollars required to be retained equal to the number of certificates in circulation.

This portion of the series includes one of the two most well known key dates of the series, the 1889-CC. This coin had a mintage of 350,000, but more importantly this issue was absent from the large hoard of Carson City Silver Dollars that were auctioned by the GSA in the 1970’s. Other issues from the same mint actually had lower mintages, but are more available due to their abundant representation within the hoard. The 1889-CC is scarce and valuable at all grade levels.

Find more information about the 1886 to 1890 Morgan Dollars:

1886-O $1 Morgan Dollar PCGS MS64+ (CAC) #3134-8 PQ CONDITION RARITY, ONLY THREE FINER! Value of 1886 Morgan Silver Dollar. The 1886 Morgan Silver Dollars produced at the Philadelphia Mint are very common as the 19,963,000 circulation strike mintage broke all previous records for the denomination. Quantities were released by the Treasury over a long period of years. In the 1950s, anyone finding a $1,000 bag of 1886 dollars may have thrown it back like a fisherman. USA Coin Book Estimated Value of 1886-O Morgan Silver Dollar is Worth $41 in Average Condition and can be Worth $989 to $199,841 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.

The 1886 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

Specifications

Type: Morgan Silver Dollar
Year: 1886
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.06

The US minted the 1886 silver dollar with no mint mark and also the 1886 O silver dollar and 1886 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.06 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.23 per ounce.

The 1886 silver dollar with no mint mark is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $120.

The 1886 O silver dollar is worth around $42 in very fine condition. In extremely fine condition the value is around $45. In uncirculated condition the price is around $875 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $150,000.

1886 Silver Dollar Mint Mark

The 1886 S silver dollar is worth around $78 in very fine condition. In extremely fine condition the value is around $115. In uncirculated condition the price is around $350 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,600.

1886 Silver Dollar Value

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 886 proof coins minted.

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Grading System

1886 Morgan Silver Coin Trackers

Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.

Extremely fine- Liberty's hair lines and ear look strong.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

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