Morgan Dollar

Brief Description

The obverse features a profile portrait representing Lady Liberty, facing left, with a cap, flora, and a crown inscribed with "LIBERTY". "E PLURIBUS UNUM" is above, and the date "1886" is below, surrounded by thirteen stars. The reverse typically depicts an eagle with outstretched wings, clutching an olive branch and arrows, encircled by a wreath and the inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR".

Historical Significance

The Morgan Dollar series was minted from 1878 to 1904, and again in 1921. It was authorized by the Bland-Allison Act of 1878, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. This was a response to the lobbying efforts of silver mining interests and farmers who favored an expanded money supply. The Morgan Dollar is a classic American coin, popular with collectors due to its large size, silver content, and historical ties to the Old West.

Estimated Value

The estimated value of a 1886 Morgan Dollar can range from approximately $30-$50 for coins in good condition to several hundred or even thousands of dollars for uncirculated (MS-60 or higher) coins, depending on the mint mark (O for New Orleans, S for San Francisco, CC for Carson City, or no mint mark for Philadelphia) and specific grading details. In average circulated condition, as appears in the image, values are typically in the lower range.

Care Instructions

To preserve the coin's condition and value, handle it by its edges to avoid transferring oils from your skin, which can cause discoloration. Store it in a cool, dry place within inert, archival-safe holders such as Mylar flips, non-PVC coin slabs, or albums designed for coin storage. Avoid cleaning the coin, as this can dramatically reduce its numismatic value, even if it appears to brighten its surface.

Created At: 2025-10-24T14:17:20.542498