1. Circulated:
- Well-worn or heavily circulated coins: $25 - $50
- Lightly circulated coins with some details still visible: $50 - $100
2. Uncirculated:
- Uncirculated coins with no signs of wear and in excellent condition: $100 - $200
- Uncirculated coins with original mint luster: $200 - $500
3. Proof:
- Proof coins are specially minted and have a mirror-like finish: $500 - $1,000
4. Rare or Error Coins:
- Certain 1887 Morgan dollars with specific mint marks or errors can have higher values. For example, the 1887-P (Philadelphia Mint) Morgan dollar is relatively scarce and can be worth several hundred dollars in uncirculated condition.
It's always recommended to have your coin professionally appraised by a reputable coin dealer or certified numismatist to determine its exact value, as rare and exceptional 1887 Morgan dollars can command even higher prices.