Value Of 1887 Liberty Head Dollar, And Several Others

The 1887 dollar you are referring to is called a Morgan dollar after the man who designed it. The value is impossible to determine with out pictures. What the common man may see as a near perfect coin, could be a polished coin that has a considerably lower value. Many factors also play a roll such as where it was minted, and what variety it is. A starting value is that of the silver it contains, which would be roughly $14.00. However, in some varieties the date 1887 date was printed over 1886. This variety in perfect condition, could be worth over $25,000 according to the RedBook value. You can see there is a huge spread in the price range.

This is the type of challenge we enjoy. We would love to see pictures and help you get a closer idea of what your coin is worth. If you can post some pics of the whole front and reverse of the coin, and a close up of the date, they would be helpfull. A great resource for finding the variety of your coin is.

http://www.vamworld.com/ Look under the "Morgan VAMS by date" link, and go to your year and mint.

Good luck I hope you find a $25,000 Coin.

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.