With total production of 20,290,000 pieces at the Philadelphia Mint, the 1887 Morgan Dollar (Buy on eBay) had the highest mintage for the series to date. As might be expected, this is an extremely common coin, which remains available at all grade levels. Even gem examples can be acquired for under $200.
Higher prices are also paid obviously for higher graded examples, but also for coins which display unique rainbow toning like the one shown above, or coins with prooflike or deep mirror proof like surfaces.
The 1887/6 Morgan Dollar is an overdate for this issue that is listed in the Red Book. The “6” beneath the final digit “7” in the date is most apparent on early die states and is often not easy to detect without magnification. There is collector interest in this variety and examples drive a premium particularly in grades AU and higher.
The Philadelphia Mint struck 710 proof silver dollars this year, a bit fewer than the recent previous years.
1887 Morgan Dollar Mintage and Specifications
- Mintage: 20,290,000 (circulation), 710 (proof)
- Mint mark: none (Philadelphia)
- Composition: 90% silver, 10% copper
- Weight: 26.73 grams
- Diameter: 38.1 mm