1888 Silver Dollar

NGC Exhibits the Moser #1 Morgan Silver Dollar Registry Set at the 2011 ANA ...

Numismatic Guaranty Corporation (NGC) ( www.NGCcoin.com ) will host numismatic exhibits at its booth during the 2011 ANA World’s Fair of Money in Chicago. The largest NGC exhibit is the M L Moser Collection of Morgan Silver Dollars, the #1 ranked set of Morgan Silver Dollars in the NGC Registry. A preview of the exhibit can now be seen online in the NGC Registry.

Comprising 105 pieces in all, the ML Moser Collection is complete by date and mint. Each coin is a high-grade example of its issue, and all are certified by NGC with the Moser Pedigree. Mr. Moser, a lifelong collector from the Midwest, believes that one way the challenge of building this set can be understood is to look at figures in the NGC Census. Of the 105 coins, 13 pieces are singularly the finest certified; they are population one with none higher. Looking deeper, 61 coins are either the single finest known or tied with other coins for the highest grade certified. Perhaps this last statistic is most telling: of the 105 coins in the set, 96 coins (91%) are either finest known, tied for finest known, or bettered by only 10 or fewer coins.

Although there are many remarkable coins in the collection, one rarity is the 1879-CC dollar certified NGC MS 65. This variety, with a normal mintmark, is actually more rare than the popular “Capped CC” variety. Another special mention is a San Francisco Mint silver dollar dated 1881-S. Although abundant, this coin is the single finest certified piece, graded MS 68 .

A couple of the highlights from this important set are also pedigreed to a famous collection of the past. Louis E. Eliasberg, Sr. assembled the only complete set of United States coins ever formed, and his name still commands respect among numismatists. Former Eliasberg coins in the Moser Collection include 1887-S (MS 67) and 1888-O (MS 67), both singularly the finest pieces certified.

Among the highlights of the display will be these coins: DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management.
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1888 Morgan Silver Dollar Value | Gold and Silver Investor

The 1888 Morgan silver dollar represents a time in American history when precious metals were the basis to which government attached their currency. In addition to backing paper “greenbacks” with actual gold and silver in possession of the United States, laws were passed that actually required the Treasury to buy certain amounts precious metals and make currency out of them. It was these standards that helped secure the Morgan dollar’s position as a widely used form of currency back in the 19th Century. Today, the 1888 Morgan silver dollars that remain are pursued heavily by collectors and investors. In this dynamic market, the value of a given coin can change based on any of the factors detailed below.

What is the base price for a 1888 Morgan silver dollar?

Morgan dollars at the lowest possible price level have a few specific qualities in common. They must be relatively common and obtainable, and their condition must be at a circulated (or worn) level. For the 1888 Morgan dollar, this means that it’s from either the Philadelphia or New Orleans mint, and has a grade between G-4 and EF-40. Silver dollars with these specifications are typically bought and sold by those interested in the intrinsic value of their silver content. In 1888, the standard was 90% silver and 10% copper for all official U.S. silver dollars.

Increased demand in the precious metal market recently has increased the number of investors seeking to buy physical precious metals, and the Morgan dollar has risen in correlation with silver’s spot price . Those seeking to get 1888 silver dollars at the lowest price level will generally pay roughly silver’s spot price per ounce plus a modest numismatic premium.

Where do rarer and better preserved 1888 Morgan dollars fall?

In total, there were roughly 32 million Morgan dollars produced by the Treasury. Though many have since been lost or melted down, sheer volume dictates that a fair amount of these coins survived to today in relatively good condition. When an individual coin’s rarity is held constant, the correlation between condition and market price is easily observable. In the lower mint state condition range, the average 1888 Morgan dollar is worth several times the same coin in circulated condition.

Very few coins survive over a century to be graded in the MS-65 and above range. But those that do are generally assessed an even higher premium. An 1888 Morgan silver dollar in the MS-65 and above range can be worth thousands.

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