1887 S$1

Description

1887 Morgan Dollar, Philadelphia Mint, PCGS MS-67. This exceptional example of the 1887 Morgan dollar represents one of the most significant dates in the series, having set a production record of 20,290,000 coins that would stand until 1921. Struck at the Philadelphia Mint without a mintmark, this piece displays the characteristic features of the issue while achieving an impressive PCGS MS-67 grade (Certificate #25281756). The coin exhibits the standard composition of 90% silver and 10% copper, weighing 26.73 grams with a reeded edge and 38.1mm diameter. The 1887 Philadelphia coinage represents the peak of early Morgan dollar production, with coins distributed throughout the fiscal year in substantial monthly quantities. While the record mintage makes circulated examples readily available, Mint State specimens of this caliber remain significant. At MS-67, this coin ranks among the finest certified examples, with only 53 pieces graded higher across all PCGS submissions of this date. Of the 359 total coins graded by PCGS, this piece places well above the typical population, representing superior quality within an otherwise common issue. Collectors should note that the 1887 Philadelphia dollars were produced during a period of mandatory coinage under the Bland-Allison Act, with most pieces destined for storage in mint bags. Subsequent Treasury releases—particularly in December 1954 and the early 1960s—along with major hoards such as the Continental-Illinois Bank find, have ensured substantial Mint State survival. However, cherrypicking for quality remains worthwhile, as strike characteristics vary considerably. This example's MS-67 designation reflects exceptional preservation and eye appeal for an issue where most surviving coins display average to satiny luster rather than the deep frostiness seen in superior specimens.