1886 Morgan Silver Dollar Coin Value (Errors List, “O”, “S” & No Mint Mark Worth)

The first American dollar coins appeared in 1794. You can find those containing gold, silver, and other base metals, but they have one thing in common. Americans didn’t like one-dollar coins. Finally, the US Mint gave up on them on December 11, 2011, and only paper banknotes stayed in circulation, the way it was always supposed to be.

Morgan silver dollars became a reality in 1878, and their minting continued until 1904, plus in 1921. Unlike previous dollar coins, they were beautiful. That is the reason for their collectability and high prices nowadays. Therefore, you can expect the 1886 silver dollar value to be significant. Let’s see.

1886 Morgan Silver Dollar value Chart
Condition	1886 No Mint Mark silver Dollar	1886 O silver Dollar	1886 S silver Dollar
Good	$36	$36	$57
Very good	$38	$39	$65
Fine	$40	$42	$75
Very fine	$42	$50	$120
Extra fine	$46	$100	$160
AU	$50	$160	$235
Mint state 60	$75	$1,500	$375
Mint state 65	$240	$285,000	$2,250
Proof 63	$4,500	/	/

History of the 1886 Morgan Silver Dollar

The Morgan dollar mintage started in 1878. In 1904, the US Mint stopped their production, but these coins were issued one more time in 1921. The next attempt was in 2021 when coins for collectors were released to commemorate a century after their last appearance.

1886 Morgan Silver Dollar Types
Location	Year	Minted
Philadelphia	1886 No Mint Mark silver coin	19,963,000
Philadelphia	1886 proof silver coin	886
New Orleans	1886 O silver coin	10,710,000
San Francisco	1886 S silver coin	750,000
Total	/	31,423,886

 These lovely coins were the first silver American coinage minted after the Coinage Act of 1873 forbade silver coining. It was a reason for ceasing the Seated Liberty dollar minting. The new silver dollar was a guarantee for the mining industry to get a secure market for mined silver. 

Also read: 12 Most Valuable One-Dollar Coin Worth Money

Features of the 1886 Morgan Silver Dollar

George T. Morgan created one of the most beautiful American coins minted from the 18th century until today. These pieces appeared in 1878, placing those minted in 1886 in the middle of the series.

The obverse of the 1886 Morgan Silver Dollar

All Morgan silver dollars are beautiful, so those minted in 1886 are not an exception. The obverse includes Lady Liberty with a crown of flowers and wheat completed with the word LIBERTY. Designer Morgan surrounded the central composition with the Latin motto, 13 stars, and the date.

The reverse of the 1886 Morgan Silver Dollar

The complex reverse includes the country name and denomination surrounding a centrally positioned eagle. There is also a motto IN GOD WE TRUST, olive branches, and arrows, symbolizing the crucial American values.

1886 Morgan Silver Dollar Details
Face value	One dollar ($1)
Shape	Round
Compound	90% silver and 10% copper
Silver weight	0.77344 troy ounces (24.5 g)
Coin weight	0.8594 troy ounces (26.73 g)
Coin diameter	1.5 inches (38.1 mm)
Coin thickness	0.09449 inches (2.4 mm)
Edge	Reeded

Other features of the 1886 Morgan Silver Dollar

Like other Morgan dollars, those minted in 1886 contain 90% silver and have a diameter of 1.5 inches (38.1 mm). Their thickness is 0.09449 inches (2.4 mm), and you can recognize their reeded edge. The coins weigh 0.8594 troy ounces (26.73 g), including 0.77344 troy ounces (24.5 g) of pure silver, and the rest is copper.

Also read: 14 Most Valuable Coins In Circulation

1886 Morgan Silver Dollar Grading

The condition is always crucial for almost a century and half-old coins, so you should be careful when estimating the 1886 Morgan dollars. Only professionals can determine slight variations between MS 63- and MS 67-graded coins. Be aware that the price difference can reach tens of thousands of dollars.

#	Grade
1	Basal State-1
2	Fair
3	Very Fair
4, 5, 6	Good
7, 8, 10	Very Good
12, 15	Fine
20, 30	Very Fine
40	Extremely Fine
50	About Uncirculated
60	Mint State
65	Mint State
70	Mint State

Please check our grading guides to know your coin scale, It’s the necessary step to know the exact value of your coin.

Check out now: How to Grade Morgan Silver Dollar?

1886 Morgan Silver Dollar Value Guides

Besides the mint from Philadelphia that produced regular coins and proofs, the other two had a lower mintage of Morgan silver dollars from regular strikes. The total mintage from this year was 31,423,886, and many have survived until these days.

1886 No Mint Mark Morgan Silver Dollar

The mintage of 19,963,000 silver Morgan dollars made the Philadelphia mint the one with the highest produced number of coins from regular strikes in 1886. Survived pieces in circulated condition typically cost $34 to $70, while those from MS 60 to MS 66 are available at a price ranging from $75 to $450.

More expensive MS 67-ranked coins are worth $1,400 but those in MS 68 grade are real gems. Their average prices are $16,000, while the most expensive piece fetched twice the price at auction, $27,025.

Some collectors prefer proof-like Morgan coins and are prepared to set aside $110 to $1,300 for one on average. However, serious collectors look for the best-graded pieces (MS 67) with an estimated price of $6,500. One admirer went the furthest by paying $15,000 for the 1886 MS 67+ PL dollar in 2021.

The 1886 DMPL silver dollars in the mint state cost $190 to $3,750, while the most expensive pieces in MS 67 quickly reach $11,000 at the market. The best-paid silver dollar with this quality minted this year was sold at $18,800 in 2014.

1886 proof Morgan Silver Dollar Value

Besides regular silver dollars, the Philadelphia mint released 886 proofs in 1886. Their price range is approximately $1,000 to $1,600 (PR 50 to PR 58) these days, while the best-ranked coins cost:

• PR 60-ranked – $2,300
• PR 61-ranked – $2,500
• PR 62-ranked – $3,000
• PR 63-ranked – $4,500
• PR 64-ranked – $5,250
• PR 65-ranked – $7,000
• PR 66-ranked – $9,250 
• PR 67-ranked – $15,500

You can be surprised by the estimated price of $32,500 for the PR 68-graded coin. However, the priciest proof in the series is the 1886 PR 67+ silver dollar with an auction record of $18,000.

Proofs with CAM quality have a price range from $2,600 to $14,500. Even though those in the PR 68 rank are assessed at $52,500, the current auction record from 2019 is $34,800.

Experts estimated the beautiful 1886 PR 67 DCAM silver dollars’ value at $65,000. However, the record price for such one coin won in 2012 is even higher, $66,000.

1886 O Morgan Silver Dollar Value

All survived of 10,710,000 silver dollars minted in New Orleans are valuable collectibles nowadays. Even though you can find circulated pieces minted in 1886 for $34 to $675, those in the mint state cost $1,500 to $28,500.

However, the biggest surprise is extremely scarce MS 65-graded Morgans with an estimated price of $285,000. The auction record of $235,000 from 2015 proves that the experts know what they are talking about.

Proof-like 1886 dollars from this mint have a wide price range from $3,750 for MS 60-ranked specimens to MS 63-graded ones estimated at $16,000.

The best-quality 1886 PL Morgans known by now is the one in MS 64 grade. Interestingly, their estimated price is $32,500, while the most expensive piece was paid exactly that much in 2019, $26,400.

Be prepared that the 1886 O DMPL silver dollars are expensive, so paying $10,000 to $90,000 for one is necessary, depending on its quality and appearance. The estimation for the MS 67-graded Morgan from this mint is $1,000,000, and the auction record from 2020 of $780,000 confirmed this.

1886 S Morgan Silver Dollar Value

The San Francisco mint had the lowest mintage of only 750,000 silver Morgan dollars in 1886. Numerous circulated coins are available nowadays for a relatively modest price for one such old coin ($55 to $360).

Pieces in the MS 60 to MS 66 rank cost $375 to $7,500, while the costliest specimens with the S mint mark are MS 67-graded ones with an estimated price of $63,500. The 1886 S MS 67 silver dollar is even pricier after it sold at $66,000 in 2020.

The 1886 S PL Morgan value is assessed to $425 to $5,000, depending on grade, while the most collectible coins in MS 66 ranking can reach $11,000 to $13,200 at auctions. Moreover, one such specimen won a record price of $16,100 in 2008.

Finally, the 1886 S DMPL silver dollars have a price of:

• MS 61 – $1,100
• MS 62 – $1,900
• MS 63 – $3,000
• MS 64 – $9,500

Despite the estimated value of $30,000, the auction record for one 1886 DMPL Morgan in MS 65 grade is $23,400.

Also read: Top 10 Most Valuable Morgan Silver Dollar Worth Money

Rare 1886 Morgan Silver Dollar Errors List

The 1886 Morgan set includes a few specific and costly errors. Since collectors like these imperfect pieces, their price can be high, but you need to be aware of each piece’s condition. Only the highest-ranked coins can bring the highest sums.

3+2 clashed reverse

The 3+2 clashed reverse error appeared among silver dollars minted in Philadelphia. The result of the non-parallel dies for striking the coin obverse and reverse are silver dollars with increased value. The AU-graded coins typically cost $80, while you need to pay over $1,100 for those in MS 65 rank.

Doubled die

You can recognize two doubled die error coin types minted in Philadelphia in 1886. Those with doubled arrows on the reverse cost $940, while pieces with the doubled date are worth $400 to $4,000, depending on their grade.

Clashed die reverse

The dies sometimes come together during minting, leaving an imprint between the eagle and the wreath on the next coin. Such specimens cost about $80 to $260.

Line in M

These 1886 silver dollars are worth $65 to $350. You can recognize them after a line stretching along Lady Liberty’s neck.

Coin struck six times

Rare 1886 silver dollars were struck six times during minting, although there was no particular reason for this error. However, collectors like such imperfections and the costliest piece won an auction record of almost $4,000.

Partial collar strike

When a collar fails to confine the entire planchet, the result is beveled or/and smooth Morgan dollars. Their price range is from $250 to $300.

Die cap

When a silver dollar sticks to the upper die, its design ends up on the following piece in the line. Since this error is unbelievably rare, you shouldn’t be surprised by the prices of several thousands of dollars reached at auctions.

Where to Sell Your 1886 Morgan dollar ?

Now that you know the value of your coins, do you know where to sell those coins online easily? Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons. 

Check out now: Best Places To Sell Coins Online (Pros & Cons)

FAQ about the 1886 Morgan Dollar

What makes 1886 Morgan silver coins rare?

Most 1886 silver dollars are not particularly rare in circulated and even up to MS 63/MS 64 condition despite these coins being almost 140 years old. However, the highest-ranked Morgans with the O mint mark are scarce, and only collectors with an unlimited budget can afford them.

Which 1886 Morgan silver coins are worth a lot?

• 1886 O MS 67 silver dollar (DMPL quality) – $780,000 (2020)
• 1886 O MS 65+ silver dollar – $235,000 (2015)
• 1886 S MS 67 silver dollar – $66,000 (2020)
• 1886 PR 67 silver dollar (DCAM quality) – $66,000 (2021)
• 1886 PR 68 silver dollar (CAM quality) – $34,800 (2019)
• 1886 MS 68 silver dollar – $27,025 (2015)
• 1886 O MS 64 silver dollar (PL quality) – $26,400 (2019)
• 1886 S MS 65 silver dollar (DMPL quality) – $23,400 (2021)
• 1886 MS 66+ silver dollar (DMPL quality) – $18,800 (2014)
• 1886 PR 67+ silver dollar – $18,000 (2021)
• 1886 S MS 66 silver dollar (PL quality) – $16,100 (2008)
• 1886 MS 67+ silver dollar (PL quality) – $15,000 (2021)

How much are the 1886 Morgan silver coins (No Mint mark) worth?

Circulated 1886 dollars from Philadelphia cost $34 to $70, while most coins in the mint mark are available for $75 to $1,400. Only MS 68-graded coins are out of this price range, and you need to set aside $16,000 to $16,500 to get one.

What are the most expensive silver Morgan coins?

The highest prices reached the following regular coins:

• 1889 CC MS 68-ranked Morgan dollar – $881,250
• 1886 O MS 67-ranked Morgan dollar (DMPL quality) – $780,000
• 1884 S MS 68-ranked Morgan dollar – $750,000

Even though proofs never reached such high prices at auctions, the top-quality coins were expensive, including:

• 1893 CC PR 66-ranked Morgan dollar – $323,125
• 1883 O PR 67-ranked Morgan dollar – $270,250
• 1895 PR 67+-ranked Morgan dollar (DCAM quality) – $269,500