The 1887 Morgan Silver Dollar is a circulated $1 coin composed of 90% silver. Minted in Philadelphia, this business strike coin features a date of 1887 and is uncertified. As a piece of United States coinage history, this silver dollar holds value both as a collectible piece and for its intrinsic silver content. This coin represents a specific time period in American numismatics and is sought after by coin collectors and enthusiasts alike.
The value of an 1887-P Morgan Silver Dollar typically ranges from around $85 to several hundred dollars, but can reach into the thousands for coins in exceptional, high-grade condition or with specific rare varieties. The price is primarily determined by its condition (grade), rarity, and the current market value of silver which is at it highest value since 2008.