The monetary worth of a United States coin minted in 1887 containing silver is primarily determined by several factors. These include its type (Morgan or Trade dollar), condition (ranging from circulated to uncirculated), rarity based on mint mark and any existing varieties, and the current price of silver as a commodity. For example, a common-date 1887 Morgan dollar in circulated condition will typically be valued above its silver melt value, whereas a rare variety in gem uncirculated condition can command significantly higher prices among collectors.
Understanding the factors impacting the coin’s worth is essential for both numismatists and individuals possessing such coinage. The historical context of its production, including minting location and mintage figures, contributes significantly to its desirability. Higher grade examples and scarce issues represent a tangible link to the past and a potential store of value, offering insights into the economic history of the late 19th century United States.
