1988 Silver Eagle Value Guide — A Collector’s Look at the Third Year of America’s Silver Dollar

Silver Eagles are a relatively recent US series. Many modern coins are not exceptionally valuable, but Silver Eagles are an exception.

What is the 1988 Liberty silver dollar value? Is it really silver? About that and so much more, we can learn in this article.

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History and Overview of the 1988 American Silver Eagle

If you ever browsed bullion platforms (e.g, Apmex), you must have seen a few Silver Eagles there. Indeed, it was a bullion coin. By 1988, the American Silver Eagle series was on its way to establishing itself as the premier bullion coin in the world. By the late 1980s, global interest in precious metals was only rising.

Silver Eagle production in 1988 was not large. Only one facility made them, the San Francisco Mint, with 5,004,646 uncirculated (bullion) bits and 557,370 proofs.

Why do collectors pursue the 1988 edition? For several reasons: 

• This edition has relatively limited, especially in Proof grades.

• The 1988 edition is one of the oldest in the series. Many collectors seek the older versions.

• 1988 coins could also be nostalgic of better times (from the collector’s point of view).

"With nearly 40 years of continued production, the American Silver Eagle is the undisputed king of modern bullion and collector coins. In 1988, however, this dominant market position was not yet assured."
— Charles Morgan & Hubert Walker
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1988 Silver Dollar Design and Specifications

Now, for the design.

• The obverse shows Lady Liberty. She strides toward the sunrise, draped in the American flag. The design is a revival of Adolph A. Weinman’s iconic “Walking Liberty” design. You might have seen it on older coins like the 1941 Half dollar.

• The reverse features a heraldic eagle with a shield, arrows, and an olive branch. This side was designed by John Mercanti,

The 1988 American Eagle silver dollar had two versions:

• Uncirculated (bullion).

• Proofs.

Uncirculated coins were minted for investors and sold through bullion dealers. Uncirculated bits have no mintmark.

Proof versions are higher quality. They struck multiple times with polished dies. They are shiny, and all bear the “S” mintmark for the San Francisco Mint. More beauty, but for a higher value.

1988 Silver Dollar Value Chart and Market Data

1988 silver dollar value today is:

Uncirculated Silver Eagles usually trade at a small premium to their silver content. Collectors pay extra for pristine coins with strong eye appeal, especially those graded MS69 or MS70. This is why many traders ask for more money (add premiums) for the base value of silver in the bid.

1988 Eagle is made from silver, and therefore its value highly depends on the current silver spot price. This spot price itself is dependent on many things, from inflation to silver mining stocks. Because the spot price for precious metals is generally rising today, the coins made from this metal are rising in value, too.

Authentication and Grading Tips

How do you find an authentic Eagle coin?

• You could measure the piece. The real deal weighs exactly one troy ounce and should measure 40.6 mm in diameter. 

• The details are sharp on these coins, with well-defined eagle feathers, and consistent reeded edges. 

• True silver is not magnetic, so the bit should not stick to the magnet.

Counterfeits often have incorrect fonts, missing details. They barely have luster, with a dull gray hue instead of silver’s natural luster. Many fakes are underweight because they are not actually made from silver, but just coated in it. Don’t purchase items from unverified sellers, ever. Especially if prices seem too low. 

Who can help you authenticate and grade your collectible? NGC and PGC Grading services. These are long-standing numismatic platforms. You could submit your coin to them. Afterwards, they return the coin with a certificate. Their service gives you market credibility, so you could sell the piece for a higher price.

Collectibility and Investment Perspective

The 1988 edition appeals to both investors and collectors. Pure silver and connection to a popular series do their job. 

Demand for certified 1988 Silver Eagles has grown alongside the broader interest in graded bullion coins. The biggest target on the list is the certified high-grade examples. The population in top condition is limited, but it is always in favor of most investors and avid collectors.

How does the 1988 edition compare to other years?

Proper Storage and Handling

As a bonus, a few tips on storage and handling. These tips would work with a 1988 Walking Liberty Silver dollar or any other silver piece, for that matter.

You should store your collectibles in a cool, dry, and dark environment. This helps to minimize exposure to moisture and air contaminants (silver is prone to tarnish). Originations often offer the best protection.

Silver naturally tones over time. Many call these darkened parts tarnished. The less you handle the coins (and not spread your skin oils on the coin’s surface). The slower the tarnish develops. Therefore, handle the bits with cotton gloves. You could also put silica gel packs or anti-tarnish strips inside the packaging.

What cases are the best? Air-Tite holders and intercept shield capsules protect against air pollutants, so they would be a good choice. Albums and presentation cases also offer a good balance of beauty and safety.

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