The value of an 1888 Morgan Silver Dollar can vary depending on its condition, rarity, and demand. In general, the value of a Morgan Silver Dollar is based on the current price of silver, as well as any additional numismatic value it may have. Continue reading if you want to know how much is the 1888 Silver Dollar worth.
- Type: Morgan Dollar
- Country: United States
- Year: 1888
- Face Value: 1 USD
- Silver Weight: 0.7734oz
- Metal Composition: 90% silver – 10% copper
Introduction to the 1888 Morgan Silver Dollar
The 1888 Morgan Silver Dollar is an iconic coin that holds a significant place in the history of American currency. As part of the Morgan Dollar series, it is an example of the rich cultural and economic heritage of the United States.
History of the Morgan Dollar Series
The Morgan Dollar series, named after its designer George T. Morgan, was minted from 1878 to 1904 and again in 1921. The coins were produced in response to the growing demand for silver in the western United States and served as the country’s primary silver coin for circulation. The Morgan Dollar series remains one of the most popular and collectible coin series in the world, and the 1888 Morgan Silver Dollar is a prized example of this iconic series.
1888 Silver Dollar Design & Analysis
The 1888 Morgan Silver Dollar is a stunning coin, with a number of unique physical characteristics that set it apart from other coins in the Morgan Dollar series.
The obverse side of the coin features a portrait of Lady Liberty, facing left, with a crown of cotton and wheat on her head, along with the inscription 1888 – E PLURIBUS UNO LIBERTY. This depiction of Lady Liberty was inspired by Anna Willess Williams, a Philadelphia schoolteacher, who posed as the model for the portrait.
The reverse side of the coin features an eagle with outstretched wings, surrounded by a wreath of oak and laurel leaves, and the inscription UNITED STATES OF AMERICA – IN GOD WE TRUST – ONE DOLLAR. The eagle symbolizes the strength and patriotism of the United States, making the 1888 Morgan Silver Dollar a true representation of American values and ideals.
Other Distinct Features
In addition to its intricate design, the 1888 Morgan Silver Dollar is also notable for its size, weight, and metal content. The coin measures 38.1 millimeters in diameter and weighs 26.73 grams. It is composed of 90% silver and 10% copper, making it a valuable piece of American history and an ideal addition to any coin collection.
Mint Marks and Values of the 1888 Morgan Silver Dollar
1888 Morgan Silver Dollar No Mint Mark
The 1888 Morgan Silver Dollar with no mint mark was struck at the Philadelphia mint with a total mintage of 19,183,000.
In terms of silver value alone, a Morgan Silver Dollar that is made of 90% silver would be worth approximately $18 based on the spot price of silver of $23 per ounce. The 1888 silver dollar in circulated good condition is typically worth between $33 and $62.
1888-S Morgan Silver Dollar
The 1888 S Dollar was struck at the San Francisco mint with a total mintage of 12,150,000.
The 1888 S silver dollar in an uncirculated MS64 condition is worth about $1,790, while in an MS66 condition, it is worth about $6,300.
1888-O Morgan Silver Dollar
The 1888 O Dollar was struck at the New Orleans mint with a total mintage of 657,000.
The 1888 O silver dollar in an AU 58 condition is worth about $2,450 and in an MS66 condition is worth about $1,240.
Where to Find the Mint Mark
The mint mark for the 1888 Silver Dollar can be found on the reverse, beneath the wreath.
Factors that Affect the Value of the 1888 Morgan Silver Dollar
Condition and Grading
The condition of an 1888 Morgan Silver Dollar plays a crucial role in determining its value. The value of a Morgan Silver Dollar in good condition is typically worth between $33 and $62. However, a silver dollar in excellent condition, such as an uncirculated MS64 or MS66, can be worth significantly more. An 1888 S silver dollar in an uncirculated MS64 condition is worth about $1,790, while in MS66, it is worth about $6,300. Similarly, the 1888 O silver dollar in an AU 58 condition is worth about $2,450 and in an MS66 condition is worth about $1,240.
Rarity and Demand
Another factor that affects the value of the 1888 Morgan Silver Dollar is its rarity and demand. As with many other collectible items, the value of a coin increase with its scarcity. In general, the 1888 Morgan Silver Dollars that were produced at the San Francisco and New Orleans mints are rarer and therefore more valuable than those produced at the Philadelphia mint. Additionally, the demand for coins from certain time periods or with specific features can also play a role in determining their value.
Errors and Varieties
The 1888 O Morgan Silver Dollar is known to have two popular errors among collectors. The first error is the Die Crack (VAM-1B, Scar Face) which is a rare find among New Orleans-minted Morgan silver dollars. This error features a crack across Lady Liberty’s face and is considered to be quite valuable, with prices ranging from $1,600 to $11,500. As this error results from an old die, it is not found among Proof Like (PL) and Deep Mirror Proof Like (DMPL) Morgans.
Another error to look out for is the Double Die (VAM) error. This error is characterized by slightly overlapped markings, particularly in the area of Lady Liberty’s lips. The O mint mark is also present on this error coin. Circulated condition Double Die errors can be obtained for $225 to $350, while rare specimens in the mint state can be quite valuable, with prices ranging from $9,000 to $24,000.
There is also a less-known error called the Shooting Star variety, also produced at the New Orleans mint.
How much is an 1888 Silver Dollar worth?
The value of an 1888 Morgan Silver Dollar depends on several factors, including the condition, mint mark, and rarity. A silver dollar made of 90% silver is worth approximately $18 based on the current silver price. A circulated 1888 Morgan Silver Dollar in good condition is typically worth between $33 and $62, while an uncirculated MS64 1888-S dollar is worth around $1,790, and in MS66 is worth around $6,300. An 1888-O dollar in AU 58 condition is worth around $2,450 and in MS66 condition is worth around $1,240.
Where is the mint mark on the 1888 Silver Dollar?
The mint mark of the 1888 Morgan Silver Dollar can be found on the reverse, beneath the wreath.
What is the error on the 1888 Silver Dollar?
There are several errors that are popular among collectors for the 1888 O Morgan Silver Dollar. One of the most notable is the Die Crack (VAM-1B, Scar Face) which features a die crack across Lady Liberty’s face. Another error is a double die error with slightly overlapping markings, particularly in Lady Liberty’s lips area. These errors are rare and valuable, with prices ranging from $225 to $24,000, depending on the condition of the coin.