Many rare and valuable dates and mintmark combinations are found throughout the entire 1878 through 1921 history of Morgan silver dollars. With a minimum value of $21.01 and rising from there, accurately determine how much your rare silver coins are worth. In its circulated condition, an 1885 no-mint mark dollar is worth between $33.50 and $63. These coins fetch more in their mint state, from $70 for a piece graded MS60 to $40,000 for gem-quality specimens graded MS69 and above. With so many mint state coins readily available, collectors typically focus on the scarce circulated grades, such as the 1885-CC and 1885 Proof silver dollars. The 1885 Morgan silver dollar is valuable in the low grades, considering it is an old coin.
The US minted the 1885 silver dollar with no mint mark and also the 1885 CC silver dollar, 1885 O silver dollar, and 1885 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath. Due to the high demand to produce millions of silver dollars, the Treasury engaged the mints in Philadelphia, San Francisco, Carson City, and New Orleans to strike the new Morgan silver dollars. In this article, we explain everything you need to know about the 1885 silver dollar value. We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars. Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars.
For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. Many 1885 silver dollars are valuable https://www.day-trading.info/ in circulated and uncirculated condition due to the coin’s silver content. But, proof silver dollars and uncirculated 1885-CC silver dollars are the most valuable in the series because of their scarcity.
Morgan silver dollars, including those struck in 1885, have the reputation of being perfectly struck. As such, there aren’t many Morgan silver dollar errors in circulation. In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar. This specimen was graded PF69 and was auctioned for an astonishing $92,000.
Rare 1885 Silver Dollar Errors List
As such, large quantities of these coins sat in bags at the Treasury vaults, most released in the 1960s. Today there is a wide range of common to rare coin values found in your box of old coins. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins. The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention. Following the lead of collectors, examine the condition of your 1885 dollar closely.
- Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
- Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors.
- These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks.
- This is especially true for rare coins, where there are fewer sales and greater variations in sale prices.
Because of their popularity, Morgan silver dollars are prone to countgerfeiting. You can look for some things to ensure your 1885 silver dollar is real. First, your coin should weigh about 26.73g, not significantly more or less.
Morgan Silver Dollar Value
The CCG Companies make no representation or warranty concerning the accuracy or reliability of the information contained herein. Interestingly, most of these coins were not released into circulation and remained in the Treasury stockpile until the 1960s, when the remaining examples were released en masse. According to Morgan, Anna’s Greek profile was perfect for the new silver coin, but back then, it was considered disgraceful for a woman to pose as a model. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921.
Lady Liberty’s left-facing portrait wearing a Phrygian cap features prominently on the obverse of the 1885 silver dollar. Assistant chief coin engraver, George Morgan, began drafting designs for the new silver coin in 1876, and by March of 1878, the coin’s production was already underway. https://www.topforexnews.org/ At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. The Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893.
History of the 1885 Morgan Silver Dollar
Use a pair of callipers to ensure the diameter and thickness are accurate. You should also check for the mint mark location, font size and strike, which tend to be off in fake silver dollars. Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $150 to $1,500. Deep-proof like 1885-O silver dollars will fetch up to $14,000 for a PF67 specimen. Preserve your 1885 Morgan silver dollar value, by careful handling and storage.
In uncirculated condition the price is around $775 for coins with an MS 60 grade. Since the San Francisco mint struck a modest 1,497,000 Morgan silver dollars in 1885, you can expect high prices, particularly for well-preserved coins. While those in circulated condition typically cost under $200, rare coins in the mint state always reach significant sums. 228,000 Morgan silver dollars were minted in Carson City in 1885, making them valuable on the current coin market.
Because of their large size, silver dollars can receive and inflict nicks and scuffs. For your top condition and value coins, a range of appropriate holders are found at an area coin dealer. The https://www.investorynews.com/ cardboard and mylar “flips” the dealer uses in the display cases are suitable for many of your coins. Easy to use and inexpensive they are a good solution to safe storage and preserving value.
While pieces in an MS 67 grade minted in other mints cost several thousand dollars, the price of those with the S mint mark is estimated at $45,000 to $54,000. Morgan silver dollars, as a series, are highly popular with collectors today. These now very old silver dollars are large in size, striking in design, available and represent good value with many reasonably priced. Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. In circulated condition, expect between $35.50 and $200 for your 1885-S Morgan silver dollar, depending on the grade.
Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find several die variations to pursue from 1885. Now that you know the value of your coins, do you know where to sell those coins online easily? Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons. Examples in mint states will fetch more, with one graded MS65 bringing as much as $1,400, while an MS68 specimen is worth up to $130,000. You will also notice the mint marks CC( Carlson City), O (New Orlean), and S (San Francisco) just above the D in DOLLAR on the reverse.