1887 Morgan Dollar, Philadelphia Mint, PCGS MS-67

This exceptional example of the 1887 Morgan dollar represents one of the most prolific issues of the entire series. Struck at the Philadelphia Mint (no mintmark) during a record-breaking production year, this coin displays the characteristic features that have made the 1887 Philadelphia dollars highly sought by both type collectors and investors. The obverse and reverse exhibit the elegant design by George T. Morgan, with sharp striking details and pleasing eye appeal befitting its impressive grade.

The 1887 Philadelphia Mint dollar holds particular significance as the highest-mintage issue of the early Morgan series (1878-1904), with 20,290,000 pieces produced—a record that would stand until 1921. Despite this enormous output, the survival rate of Mint State examples remains remarkable, with millions of coins preserved from Treasury releases spanning 1938 through the 1960s. The presence of substantial hoards, including the notable Continental-Illinois Bank hoard containing an estimated 1,000 bags of Mint State coins, ensures continued availability of quality examples. However, the MS-67 grade elevates this particular specimen above the typical offerings, as most survivors grade in the MS-64 to MS-66 range.

Graded by PCGS (Certificate #38567046), this coin resides in the upper echelon of the population data, with only 53 examples graded finer among 368 total submissions to the service. The coin exhibits the satiny luster typical of Philadelphia Mint production, with well-preserved surfaces befitting its grade. Composed of 90% silver and 10% copper, this piece retains its full weight of 26.73 grams and displays the reeded edge characteristic of the series.