1887-S Morgan Dollar Value
Depending on how well it survived, a 1887-S Morgan Dollar brings anywhere from $31.00 to $706; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) Certified examples in top grades can run far higher.
1887-S Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $31.00 to $46.00 |
| Very Good (VG-8) | $35.00 to $51.00 |
| Fine (F-12) | $39.50 to $58.00 |
| Very Fine (VF-20) | $47.00 to $69.00 |
| Extremely Fine (XF-40) | $60.00 to $88.00 |
| About Uncirculated (AU-50) | $81.50 to $120 |
| Mint State (MS-60) | $120 to $176 |
| Choice Unc (MS-63) | $192 to $282 |
| Gem Unc (MS-65) | $480 to $706 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1887-S Morgan Dollar worth today?
At the entry level, well-worn examples bring about $31.00. The same coin in gem uncirculated condition is a $706 coin. Grade is everything: two examples of the 1887-S Morgan Dollar can differ in price by an order of magnitude based purely on preservation.
1887-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1887
- Mint mark
- S
- Mintage
- 1,771,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- George T. Morgan
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Where to look for the mint mark
San Francisco's "S" is the letter that defines the 1887-S Morgan Dollar. On the reverse, just below the wreath bow and above the letters DO in DOLLAR On heavily circulated coins the mark wears down with everything else, so check carefully before assuming a Philadelphia strike.
Why the 1887-S Morgan Dollar is worth money
A mintage of 1,771,000 makes the 1887-S Morgan Dollar moderately available, though it is noticeably tougher than the bulk dates of the series, particularly in higher grades.
The 90% silver composition gives a 1887-S Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
Context adds the final layer to the 1887-S Morgan Dollar. For collectors today, the series is a study in mint marks and condition: a common 1921 in worn grades trades near its silver melt value, while key dates in Mint State command five and six figures. Owning this date means owning a piece of that story, and demand for the series as a whole sustains liquidity for every issue in it.
Summary: the 1887-S Morgan Dollar is valued between $31.00 and $706 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.