Assuming the coin is circulated, the 1888-O Morgan dollar is a common New Orleans Mint Morgan dollar. For an accurate assessment of value the coin needs to be seen and graded. In general retail values for low grade coins are $32.00-$34.00, better grade are $35.00-$40.00 and coins showing almost no wear run from $41.00-$44.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer.
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