How Much Is a 1886 Morgan Silver Dollar Worth Today?

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Silver Round Coin on Black Surface
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The 1886 Morgan Silver Dollar is a highly sought-after coin, and its value has increased significantly over the years.

The coin's rarity and historical significance are two major factors contributing to its value.

In mint condition, a 1886 Morgan Silver Dollar can be worth anywhere from $500 to $1,000.

The coin's value can also be influenced by its condition, with higher grades commanding higher prices.

Determining Value

Determining the value of a 1886 Morgan silver dollar requires a close examination of its condition.

The coin's grade plays a significant role in determining its value, with uncirculated coins being the most valuable. An uncirculated coin is without any wear to its surfaces, and original silver mint luster still covers all design details.

To determine the grade, look for the following characteristics: uncirculated coins have unbroken bands of luster radiating from edge to edge, extremely fine coins have wear on the tops of the wings and neck and breast feathers, and fine coins have moderate wear reducing distinct features of Liberty.

Here's a rough estimate of the value based on the coin's condition:

  • Average Circulated (AC) condition: $28.00
  • Certified Mint State (MS+) condition: $170 at auction

Note that the value can vary depending on the coin's eye appeal, assigned grade, and service that encapsulated the coin.

Accurate Judgment Finds True Value

Rolled 20 U.s Dollar Bill
Credit: pexels.com, Rolled 20 U.s Dollar Bill

Determining the value of a coin requires a keen eye for detail, especially when it comes to judging its condition. An uncirculated coin has no wear on its surfaces, with original silver mint luster still covering all design details.

To determine if your 1886 Morgan silver dollar is in uncirculated condition, hold it by the edges and tilt it slowly while rotating it. If unbroken bands of luster radiate from edge to edge without any wear, it's likely uncirculated. Any wear disrupts these bands, most evident on Liberty's cheek.

Extremely fine condition is characterized by wear that has started to diminish small details of the hair just behind Liberty's ear and forehead. The folds of the cap are slightly flattened, and small amounts of wear are visible on the tops of the wings, neck, and breast feathers.

Fine condition is marked by moderate wear that has reduced distinct and well-defined features of Liberty. Leaves surrounding the cotton blossoms are only outlines lacking inner detail, and many finer strands of hair have worn to the point of combining into larger flattened areas.

Silver and Gold Round Coins
Credit: pexels.com, Silver and Gold Round Coins

Here's a breakdown of the condition grades for 1886 Morgan silver dollars:

By accurately judging the condition of your 1886 Morgan silver dollar, you'll be able to find its true value. Millions of these coins were struck and stored, but only a few are in high-grade condition, making them highly valuable.

What Was the Value of the 1886 Dollar?

The 1886 Morgan Dollar is a coin that's often sought after by collectors, and its value can vary greatly depending on its condition and rarity. The coin's silver content alone makes it worth over $29 each.

In average circulated condition, the 1886 Morgan Dollar is worth around $28. This is a relatively low value, but it's still a good starting point for those looking to buy or sell the coin. The value can increase significantly if the coin is in certified mint state (MS+) condition, with prices reaching as much as $170 at auction.

Credit: youtube.com, 1886 Morgan Dollar, Beautiful Example in MS 62

The value of the 1886 Morgan Dollar also depends on its grade, with higher grades commanding higher prices. For example, a coin graded MS65 can sell for between $180 and $220, while a coin graded MS68 can fetch prices in the range of $10,000 to $15,000.

Here's a rough breakdown of the value of the 1886 Morgan Dollar based on its condition:

  • Average Circulated (AC): $28
  • Certified Mint State (MS+): $170
  • MS65: $180-$220
  • MS68: $10,000-$15,000

Keep in mind that these values are subject to supply and demand, dealer premiums, and other market variations. If you're looking to buy or sell an 1886 Morgan Dollar, it's a good idea to consult with a local coin dealer for more information.

Coin Values and History

The Morgan Silver Dollar is a highly sought-after coin among collectors, and its value can vary depending on several factors, including its condition, rarity, and mintmark.

The Morgan Silver Dollar was minted from 1878 to 1921, and the 1886 coin is a notable issue. The coin's popularity is immense, with many collectors admiring its large silver content and beauty.

Credit: youtube.com, USA 1886 ONE DOLLAR COIN VALUE + REVIEW Silver Morgan Dollar Coin

According to the article, the 1886 Morgan Silver Dollar is worth over $29.37 each due to its silver content alone. However, its value can increase significantly if it has a rare date, mintmark, or is in better condition.

Here's a brief overview of the Morgan Silver Dollar's minting years:

Keep in mind that this is just a brief summary, and the actual value of your 1886 Morgan Silver Dollar may be higher or lower depending on its specific characteristics.

Coin Values

The 1886 Morgan Silver Dollar is a highly sought-after coin among collectors. Its value is determined by its condition, rarity, and demand.

The 1886 Morgan Silver Dollar has a silver weight of .77344 ounces, which gives it a baseline value of about $23 in metal. However, collectors typically pay between $30 and $50 for circulated examples.

The coin's value can range from $100 to $15,000 or more, depending on its grade and condition. For instance, a Gem Uncirculated (MS65) coin sells for between $180 and $220.

Credit: youtube.com, How to Value Your Old Coins – Beginner's Guide

The 1886 Morgan Silver Dollar is available in various grades, including MS63 to MS64, MS65, and even MS68. The MS68 grade is particularly rare, with only a few examples graded by PCGS.

Here's a breakdown of the 1886 Morgan Silver Dollar's value by grade:

The coin's value also depends on its eye appeal, assigned grade, and the service that encapsulated it. The three major grading services that drive the certified Morgan Dollar market are CAC, NGC, and PCGS.

Millions of 1886 Dollars Were Struck

The Philadelphia Mint produced an astonishing 102,324,800 Morgan Dollars before 1886, and that year they struck 19,963,000 more coins. The total mintage for the year 1886 was 122,287,800 dollars.

The large mintages of the 1886 Morgan Dollar, combined with the fact that many coins were saved in large quantities in uncirculated condition, contributed to the surge in collecting popularity of the Morgan Dollar series in the 1960s and '70s.

Credit: youtube.com, 1886 Morgan Silver Dollar Guide - VAMs, Values, History, and Errors

The Philadelphia Mint was responsible for producing coins for New England, the mid-Atlantic region, and the populated sections of the Midwest, while the branch mints in New Orleans, Carson City, and San Francisco produced coins in silver and gold for the South and the West.

Here's a breakdown of the mintage numbers for the 1886 Morgan Dollar:

The large mintage numbers and the fact that many coins were stored in Treasury Department vaults meant that the surplus of unwanted silver dollars sat in bags for decades.

Learning About Silver Dollars

The 1886 Morgan Silver Dollar is a coin that's worth learning about, especially if you're looking to buy or sell one. It's a common coin in all but the highest uncirculated grades, but that's only part of the story.

The Philadelphia Mint produced 102,324,800 Morgan Dollars by 1886, and the following year they produced even more. This large mintage, combined with the fact that many coins were saved in large quantities in uncirculated condition, contributed to a tremendous surge in collecting popularity in the 1960s and '70s.

The condition of your 1886 Morgan Silver Dollar plays a significant role in determining its value. If it's uncirculated, it's worth a premium due to its original silver mint luster still covering all design details.

Learn About Silver Dollars

Credit: youtube.com, Morgan Silver Dollar Basics - Coin Collecting and Silver Stacking

Silver dollars are a fascinating topic, and I'm excited to share some interesting facts with you. The Morgan Silver Dollar, in particular, is a popular collector's item.

The Morgan Silver Dollar was produced from 1878 to 1921. You can find the values of these coins by checking the date, condition, and rarity. For example, a 1886 Morgan Silver Dollar in Average Circulated condition is worth around $28.00.

The value of a Morgan Silver Dollar can climb significantly if it's in mint state condition or has a rare mintmark or date. Check your coins with the grading images and value charts to see if you have a rare find. A 1886 Morgan Silver Dollar in mint state condition can bring as much as $170 at auction.

If you're new to collecting silver dollars, it's a good idea to start with a complete collection of all Morgan Silver Dollars. This will give you a solid foundation for understanding the different dates, mintmarks, and conditions.

Here are some key dates every collector should know:

  • 1878
  • 1885
  • 1892
  • 1899
  • 1886
  • 1887
  • 1893
  • 1900
  • 1888
  • 1894
  • 1901

These dates are just a few examples of the many Morgan Silver Dollars produced during this time period. The value of each coin can vary depending on its condition, rarity, and other factors.

Silver Dollar Value

Credit: youtube.com, Morgan Silver Dollar - The Basics and What You Should Know

The 1886 Morgan Silver Dollar is a common coin, with a circulation strike mintage of 19,963,000, but its value can vary depending on its condition. In Average Circulated (AC) condition, it's worth around $28.00.

The coin's value is also affected by its metal content, with a silver weight of .77344 ounces, making it worth more than its $1 face value. With silver prices at around $30 an ounce, a circulated 1886 Morgan dollar is worth about $23 in metal, but collectors typically pay between $30 and $50 for circulated examples.

In Mint State (MS+) condition, an 1886 Morgan dollar can bring as much as $170 at auction. However, the value of these coins depends on their eye appeal, assigned grade, and the service that encapsulated the coin.

Here's a rough guide to the value of 1886 Morgan dollars in different conditions:

Keep in mind that these values are subject to standard supply and demand laws, dealer premiums, and other market variations.

Tasha Kautzer

Senior Writer

Tasha Kautzer is a versatile and accomplished writer with a diverse portfolio of articles. With a keen eye for detail and a passion for storytelling, she has successfully covered a wide range of topics, from the lives of notable individuals to the achievements of esteemed institutions. Her work spans the globe, delving into the realms of Norwegian billionaires, the Royal Norwegian Naval Academy, and the experiences of Norwegian emigrants to the United States.

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