The hair at Liberty’s temple and coronet is typically where any worn metal first becomes visible in Morgan silver dollars. In uncirculated condition the price is around $375 for coins with an MS 60 grade. The 1885 CC silver dollar is worth around $625 in very fine condition. 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.
Carson City Mint (CC)
However, these coins are rare and attractive to avid collectors, justifying their pricing. For example, an 1885 O Morgan silver dollar in an MS 67 can cost from $1,150 to $1,175. 1885 S Morgan silver dollar in an MS 67 grade is worth between $45,000 -$54,000, while in an MS 66, the price can range from $4,000 to $4,500. The 1885 No mint Morgan silver dollar in MS 67 can cost between $1,200 to $1,550, while the price of these coins in MS66 ranges between $315 and $385.
Deep-proof like 1885-O silver dollars will fetch up to $12,500 for a PF67 specimen. Morgan silver dollars are some of the most collectible in the history of United States coinage. These coins are gorgeous, solid, and, more importantly, contain 90% silver, a high-demand precious metal. Preserve your 1885 Morgan silver dollar value, by careful handling and storage. 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.
However, a large mass of Morgan dollars kept accumulating in Treasury warehouses as well as regional and centralised bank vaults. The most expensive 1886 S Morgan Silver coin was sold in 2012 for an astonishing $48,875. So, as far as total mintage-wise, New Orleans comes in third place with the hire freelance developers online lowest mintage in Carson City. The second lowest mintage was from San Francisco, and the highest mintage of 1885 was out of Philadelphia.
Then, in 1921 the coin came back but shortly and completely disappeared afterward. These coins are collectible today and have a high value because of the low number of these coins in circulation. When a coin has a partial collar strike, it means that the planchet was sitting askew on the machine collar before it was punched. As a result, some of the metal might have been driven into the die, making it expand beyond the boundaries of its intended shape. And on the reverse, we see an eagle with its wings spread, sitting on some branches.
The 1885 silver dollar has a reeded edge, while the inner rim features decorative ridges throughout the coin’s diameter. Learning about the features of the 1885 silver dollar can help you quickly determine if your coin might be valuable. 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. At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. A compromise was reached, and in 1878, the Bland-Allison Act authorized the U.S. Treasury to buy silver bullion worth 2-4 million dollars each month at the prevailing market price.
- The 1885 No mint Morgan silver dollar in MS 67 can cost between $1,200 to $1,550, while the price of these coins in MS66 ranges between $315 and $385.
- As such, large quantities of these coins sat in bags at the Treasury vaults, most released in the 1960s.
- The 1885-CC, with its low mintage and historical significance, commands the highest prices across all grades.
- Metal composition – You can hardly notice a difference in silver content with the naked eye.
- As is common with most Philly-minted coins, the 1885 (P) silver dollars did not have mint marks.
As you already know, the 1885 silver dollar is also called the Morgan dollar, after its designer and United States Mint Assistant Engraver, George T. Morgan. On the other hand, selling them can be a very lucrative and adventure-infused business venture. Regardless of your motivation, if you are interested in the value of the 1885 silver dollar, you have come to the right place. The more detailed and bold the lines still are, the higher the chances of your coin being uncirculated.
How to Identify 1885 Morgan Silver Dollar?
However, there are no noted errors for the 1885 Morgan silver dollar. On the other hand, you might be faced with a fake 1885 Morgan silver dollar because there are many in circulation. The U.S. Mint got rid of all the 1885 silver dollar coins that had errors before putting each batch into circulation.
- You might also want to look at the scrawny eagle’s breast, which is very detailed.
- In their free time, Yanni stays current with animation, design, and illustration trends.
- The main reason for this is that proof coins are meant to be perfect examples of their corresponding types.
- John Saechao is a respected California-based coin collector, known for his diverse and intricate collection.
- Chris McPherson is a lifelong collector turned shop owner who opened ChrisMcPherson’s Souvenir Shop in 2005.
Morgan Silver Dollars for Sale
The 1885 silver dollar with no mint mark is worth around $48 in very fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. One type of coin that you should be aware of is the extremely fine grade. This coin usually commands a higher price than other grades because it is in better condition than most coins. Another valuable grade is “uncirculated.” A silver dollar that is considered “uncirculated” has never been used in trade.
John Adams Dollar Coin Error List & Value
In the 1960s and 1970s, the U.S. government sold millions of uncirculated Morgan silver dollars that had been sitting in Treasury vaults for decades. This event, known as the GSA (General Services Administration) Hoard, released a flood of high-quality coins into the market, including many 1885-CC dollars. These coins, which were sold in special GSA holders, remain popular with collectors today. As you can see, the value of an 1885 Morgan silver dollar can vary greatly depending on its condition and mint mark.
But when they do show up, mint what are market movers errors increase the value of these silver dollars by a ton. The most valuable of the 1885 S silver dollars are those graded MS66 and MS67—grades that only the most brilliant and shiny coins get. If you have one of these coins, you can expect to sell it for $5,250 to a magnanimous price of $62,500. As a result, uncirculated 1885 S silver dollars in higher grades are very rare, making them even more valuable than their Carson City Counterparts.
Despite the obvious signs of wear, the distinctive patterns on her cap and hair are still easily recognizable. However, the original surface texture is lost and replaced with a smoother one. On the coin market, they may sell fxtm broker reviews anywhere from $1,000 and $15,000, with PR 67 examples with cameo fetching over $14,981. This coin has sentimental and historical value for every collector, hence its average price is always more than the silver content of the coin. It is important to understand the factors that affect the value of Morgan silver dollars. In an average circulated condition, the 1885 CC Morgan silver dollar is worth from $450 to $500, but it is not surprising to see it go for a higher amount.
While those in circulated condition typically cost under $200, rare coins in the mint state always reach significant sums. In 1885, the Philadelphia Mint produced over 17.7 million Morgan dollars. That accounts for more than half of the dollar coins made that year across all Mints. As is common with most Philly-minted coins, the 1885 (P) silver dollars did not have mint marks.
They are collectible, thanks to their age and uniqueness, plus they are an excellent investment because of their silver content and stable 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. The survived 1885 Morgan silver dollars of 9,185,000 produced in New Orleans typically cost $30 to $60, depending on the degree of wear. On the other hand, pieces in the mint state are expensive and cost $55 to $1,175, depending on the preservation level. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding. Morgan silver dollars are in “fine” condition when they show mild wear and loss of detail.
A repunched mint mark coin will have an obvious second impression of that tiny S on the reverse as if a die restamped it to correct an improper alignment of the first mint mark. At MS65, an 1885 silver dollar with this error can be sold for around $1,400. An 8% off-center error has been found on an 1885 O silver dollar with grade AU53. The off-center strike was very obvious when you looked at the lower rim of the coin, which looked a bit blank.
Silver Dollar Struck Off-Center Error
Silver dollars are one of the most valuable US coins to invest in, but it’s important to do your research before making any purchase. With any investment, you should always be prepared for the possibility of losing money. The value of 1885 Morgan Silver Dollars can fluctuate over time, so it’s important to keep track of changes.
In a nutshell, the appearance of your 1885 silver dollar can be affected by wear and tear, especially when it comes to scratches, stains, and dents. Dents can reduce a coin’s overall appeal and make it less appealing to collectors. Likewise, a heavily worn 1885 silver dollar will generally be worth less than one that remains in nearly pristine condition. If you enjoy coin collecting for investment purposes, it can also be a financially rewarding hobby. Over time, some rare coins and coins made of pricey metals like gold and silver have generated better returns than any other kind of investment.
