1888-O Morgan Dollar Value
Expect a 1888-O Morgan Dollar to trade between about $29.00 and $282, driven almost entirely by grade, and its metal content alone is worth $28.23 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
1888-O Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $29.00 to $38.00 |
| Very Good (VG-8) | $29.00 to $39.50 |
| Fine (F-12) | $29.00 to $41.50 |
| Very Fine (VF-20) | $30.50 to $45.00 |
| Extremely Fine (XF-40) | $35.00 to $51.00 |
| About Uncirculated (AU-50) | $42.00 to $62.00 |
| Mint State (MS-60) | $53.00 to $77.50 |
| Choice Unc (MS-63) | $72.00 to $106 |
| Gem Unc (MS-65) | $192 to $282 |
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.
What is the 1888-O Morgan Dollar selling for today?
In worn but collectible condition (Good-4), a 1888-O Morgan Dollar starts around $29.00. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $282. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1888-O Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1888
- Mint mark
- O
- Mintage
- 12,150,000
- 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 is the mint mark on a 1888 Morgan Dollar?
To confirm your 1888 coin is the New Orleans issue, find the small "O". On the reverse, just below the wreath bow and above the letters DO in DOLLAR The mark is small, so tilt the coin under a light if it is not obvious.
What makes the 1888-O Morgan Dollar valuable
The generous mintage of 12,150,000 keeps this date affordable. That availability is an asset for collectors: it is the textbook choice for owning the Morgan Dollar design without a key-date price tag.
Every 1888-O Morgan Dollar contains 0.7734 troy ounces of pure silver, currently worth $28.23. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
Context adds the final layer to the 1888-O Morgan Dollar. The Morgan dollar is the most collected classic United States coin, struck from 1878 to 1904 and once more in 1921. 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 1888-O Morgan Dollar is valued between $29.00 and $282 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.