The 1887 Morgan Dollar USA (1887-P)Morgan Silver Dollar dated 1887 and minted at the Philadelphia branch of the US Mint. There is no mint mark. The 1887-P is common due to the high quantity minted and easy to find.
There is a 7/6 overdate which is a little more expensive.
The Obverse shows an image of Liberty, designed by George T Morgan. His initial 'M' is found on the truncation of the neck. The coin is named after the designer who at the time was United States Mint Assistant Engraver.
The edge is reeded.
The Reverse shows an eagle holding arrows and an olive branch, also designed by George T Morgan.In 1887, Mint marks can be found above the DO in DOLLAR. If no mint mark is present then the mint is Philadelphia, but it may be S (San Francisco) or O (New Orleans).
Image credit: Mountain View Coins (via mycoinpictures.com)
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Mintage: 20,290,000 (may include coins in sets)
Minted at US Mint - Philadelphia.
The Morgan Dollar was a USA silver coin minted from 1878 to 1904 and then again in 1921. It had a currency value of one US dollar. In 2021, a .999 Silver Morgan Dollar was released to mark the 100th anniversary of the last Morgan Dollar.
The name Morgan derives from the designer George T. Morgan (1845-1925). Morgan was originally from Birmingham, England, where he worked with William Wyon but moved to America in 1876 to become the assistant engraver at the US Mint. The image of Liberty was modelled by a Philadelphia school teacher named Anna Willess Williams.
Morgan later became Chief Engraver of the U.S.Mint from 1917 until 1925 and he is probably best known for the Morgan Dollar, although he designed many other coins too. You can see a small 'M' on the truncation of the neck.
The Morgan Dollar was brought about due to the Bland–Allison Act of 1878 and during the early days the coin was often referred to as the Bland Dollar (after Richard P. Bland who introduced the Bill), although some called it the buzzard dollar as they disliked the image of the eagle.
Specifications
- Diameter: 38.1 mm
- Thickness: 2.4 mm
- Weight: 26.73 g
- Edge: Reeded
- Silver Content: 90% (Copper 10%)
- Philadelphia (No mint mark, although modern coins use 'P')
- New Orleans (Mint mark = 'O')
- San Francisco (Mint mark = 'S')
- Carson City (Mint mark = 'CC')
- Denver (in 1921 only: Mint mark = 'D')
The Morgan Dollar remains a popular coin with collectors and investors.
We have a few articles on Morgan Dollars:
The orignal coinage was Pounds, Shillings and Pence but since decimalisation on 15 February 1971, it is £1 = 100p, that is One Pound = 100 pence. The coinage of the UK is also a long history, the Royal Mint being established as long ago as 886AD when coins were hammered. Today there is perhaps 30 billion coins in circulation, and many (numismatic) collectors coins and sets are issued frequently in gold, silver and other metals.
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| USA. Morgan Dollar 1887P. DY19234 £ 35.00 |
| Morgan Silver dollar 1887 P £ 36.00 |
| Usa One Dollar 1887 P Silver Morgan Very Nice Coin £ 61.64 |
| 1887 P Morgan Dollar #1230 £ 42.92 |
 | 1887 P Morgan silver dollar Icg MS62 £ 71.13 |
 | 1887 P NGC MS61 PL MS61PL Proof Like Morgan 90% Silver $1 Dollar Coin Free Ship £ 122.63 |
 | 1887 P Morgan Silver Dollar GEM BU Toned £ 138.32 |
 | 1887 P Morgan Silver Dollar GEM BU Toned £ 135.16 |