Many 1885 silver dollars are valuable in fxtm broker reviews 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. 228,000 Morgan silver dollars were minted in Carson City in 1885, making them valuable on the current coin market.
In addition to value, there are other factors to consider when investing in 1885 Morgan Silver Dollars. These include the condition of the coin, where it was minted and how much wear and tear it has incurred over the years. You should also know what makes a good investment before investing in 1885 Morgan Silver Dollars. This will help you figure out if an investment is worth your time and money. On average, 1885 Morgan silver dollars can cost as little as $17 or as much as $2000. Because these coins are over a century old, their value is largely determined by their condition.
Dime Value (Prices of Different Conditions)
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. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry.
How much is the 1885 No Mint mark Morgan silver dollar worth?
It was the first silver dollar ever produced after the Coinage Act of 1873, which prohibited the free coining of silver. US coin collecting is a fascinating hobby and a great place to start a collection that can grow over time. First of all, it is a great way to learn about American history by inspecting the coins and learning about the period they were minted.
- In 1873, the Coinage Act halted the production of silver coins in the US because the value of silver depreciated.
- In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors.
- The best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000.
- George T. Morgan, an engraver at the US Mint, would then create the next silver dollar for the country.
- Proof coins are unique coins that represent a limited amount of precious metal.
- As mentioned, the highest mintage of the 1885 silver dollar was in Philadelphia, with 17,787,000 Morgan coins.
Superb gems like coins graded MS67 and MS68 can be sold for around $1,200 and $17,500, respectively. This will help ensure the authenticity and condition of your coins, protecting your investment. When grading 1885 Morgan silver dollars, pay close attention to the high points of the design, such as Liberty‘s cheekbone, hairline, and the eagle‘s breast and wing tips. These areas are prone to wear and can help you determine the coin‘s grade. Most surviving circulated examples are graded good to fine, but even these are worth good money. You can expect between $560 and $785 for 1885-CC circulated silver dollars.
Here are some mint errors on the 1885 silver dollars that might pique your interest. Meanwhile, in the New Orleans Mint, 9 million silver dollars were made in 1885. What’s strange is that many of these coins weren’t put into circulation that year or even that century.
The 1885-CC, with its low mintage and historical significance, commands the highest prices across all grades. The 1885-S, known for its quality and eye appeal, also fetches a premium, particularly in higher Mint State grades. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks. Most 1885-S silver dollars were also highly circulated, making high-grade examples rare. Despite the high mintage, 1885 no mint-mark silver dollars are quite valuable even in the circulated state. Their intrinsic value lies in their silver content, making them desirable among collectors.
proof Morgan silver dollar value
They have Silver content that makes them valuable even in poor conditions. The devops engineer job description temple and coronet of Liberty’s headpiece show the earliest signs of metal loss from wear before the rest of the crown. In this case, your coin should be as it was just minted, with no signs of use.
The price can skyrocket if the 1885 Morgan silver coin has a high grade and is in excellent condition. Above the head of the eagle, there is the well-known motto “IN GOD WE TRUST,” and underneath the eagle, there is a laurel wreath. If you want to know for sure that your 1885 silver dollar is authentic, check if the coin will be attracted to a magnet.
These coins fetch more in their mint state, from $75 for a piece graded MS60 to $65,000 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. Since the Carson City mint produced 228,000 Morgan silver dollars in 1885, surviving pieces in the mint state are rare. The most valuable are scarce deep mirror proof-like specimens worth an impressive $75,000 to $90,000. With 17,787,000 produced Morgan silver dollars, Philadelphia had the highest mintage in 1885. Despite that, even pieces in good condition are valuable, and you should set aside about $30 for one.
Morgan Silver Dollar Grading
Silver isn’t magnetic, so if your coin clings to a magnet, it’s definitely a counterfeit coin. Even a circulated CC coin in poor to good condition can be sold today for anywhere between $440 and $550. In AU58, the highest circulated grade a coin can get, the price increases to $735. George T. Morgan is well-known in U.S. mintage history as the Chief Engraver from 1917 to 1925. He worked on many stunning and regal coins, like the reverse sides of the Columbian half dollar and the McKinley Birthplace Memorial gold dollar.
The 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. Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors. Once cleaned, Morgan dollars lose approval to a large segment of potential collectors. It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a volume indicator mt4 cleaned and processed coin. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
No Mint Mark Silver Dollar Value
- Now that you know the value of your coins, do you know where to sell those coins online easily?
- Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.
- Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces.
- As a result, some of the metal might have been driven into the die, making it expand beyond the boundaries of its intended shape.
Coins in the mint state have different prices depending on the preservation level. San Francisco produced only 1,497,000 of 1885 Silver Dollar S. Morgan. Coins in mint condition consistently fetch six figures, while those in circulation fetch less than $200. It’s assumed that dollar coins with the S mint sign are worth $45,000 to $54,000; you may also purchase pieces graded MS 67 from other mints for a few thousand dollars.
Enter Year to Check Coin Value
As a result of the late release, 1885-O silver dollars are widely available in high grade. Despite these coins being struck more than 130 years ago, circulated examples are still in good shape. Morgans were the first dollars containing silver after the Bland-Allison Act from 1873 that allowed purchasing silver.
Ultimately, the 1885 silver dollar with no mint mark in MS 65 costs from $180 to $220. Another error found in the 1885 silver dollar is a repunched mint mark error. This one was more exclusive to the San Francisco-minted coins, which have an “S” mark.
For example, a San Francisco coin at MS65 would be valued at $1,750—$500 more than the Carson City equivalent at $1,250. The prices of the New Orleans-minted 1885 dollars are most similar to their Philadelphia counterparts. In circulated condition, you could sell any of these coins with an “O” mint mark for $33.50 to $62. So, it’s quite easy to collect these coins even in higher gem grades. But even if they’re relatively common, they’re still worth a pretty penny if put up for auction today.