1888-S Morgan Dollar Value
A 1888-S Morgan Dollar is worth roughly $53.00 to $2,470 depending on its condition, and its metal content alone is worth $28.23 as of 2026-06-01 Certified examples in top grades can run far higher.
1888-S Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $53.00 to $77.50 |
| Very Good (VG-8) | $67.00 to $99.00 |
| Fine (F-12) | $86.50 to $127 |
| Very Fine (VF-20) | $120 to $176 |
| Extremely Fine (XF-40) | $180 to $265 |
| About Uncirculated (AU-50) | $264 to $388 |
| Mint State (MS-60) | $408 to $600 |
| Choice Unc (MS-63) | $720 to $1,059 |
| Gem Unc (MS-65) | $1,680 to $2,470 |
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 1888-S Morgan Dollar worth today?
In worn but collectible condition (Good-4), a 1888-S Morgan Dollar starts around $53.00. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $2,470. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1888-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1888
- Mint mark
- S
- Mintage
- 657,000
- 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).
Locating the mint mark on this coin
Flip your 1888 Morgan Dollar over and locate the "S". On the reverse, just below the wreath bow and above the letters DO in DOLLAR That single letter separates the San Francisco issue from its siblings and can move the price substantially.
What collectors pay for in a 1888-S Morgan Dollar
Every 1888-S 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.
The mintage of 657,000 puts the 1888-S Morgan Dollar among the scarcer issues of its series. It is findable, but nice examples take patience, and the market prices that difficulty in.
The series itself does some of the lifting for the 1888-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. Broad, multigenerational demand for the design gives every date, including this one, a deep and liquid market.
Summary: the 1888-S Morgan Dollar is valued between $53.00 and $2,470 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.