Welcome to Coin Community, Rye.
The first thing you have to know is that grade is critical to the value of a coin. Based on the little information provided (and please don't take this as making fun of you), your coin could be worth anything between $20 and $35,000. I mean that seriously - in November 2005, the finest-known example of an 1887 Morgan dollar
sold for $34,500 at auction.
Of course, it takes a magnifying glass to find any mark whatsoever on that coin.
If you'd like to learn more about the grading process, start here:http://www.coingrading.com/intro1.html
Yours, of course, is probably not in MS68 condition. If, as it seems, your coin has not ever been in circulation, and it's had a typical early life in a bag with 1000 other Morgans (as shipped from the Mint), it is likely in MS63-ish condition and worth about $40-50.
The best thing about a bicycle is that it uses no gasoline, therefore the chance of fiery death is greatly reduced.
First Catman, then Gary Burke and now Bigg Fredd - there's one heck of a coin club in Heaven.