The 1885 Morgan silver dollar is valuable in the low grades, considering it is an old coin. They typically cost $25 to $50, but top-notch pieces in the mint state can reach $200. 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.
One collector paid $48,875 for it at Heritage Auctions. All Morgan silver dollars produced from 1878 to 1904, particularly those minted in the 19th century, are highly collectible and desirable among collectors nowadays. The initial silver dollar mintage was never too high because of the limited silver amount in the US Mint’s reserves. The Philadelphia Mint, the nation‘s primary mint, produced the lion‘s share of 1885 Morgan silver dollars, with a mintage of 17,787,000 coins. Mint system, Philadelphia was known for its consistent quality and high output.
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Even those in the worst condition cost something, thanks to the silver content. Elegant, shiny, and heavy Morgan (Liberty Head) silver dollars are unique US coins minted from 1878 to 1904 and later in 1921. They are collectible, thanks to their age and uniqueness, plus they are an excellent investment because of their silver content and stable value. The New Orleans Mint, which had a storied history dating back to the antebellum period, struck 9,185,000 Morgan silver dollars in 1885.
How much is the 1885 No Mint mark Morgan silver dollar worth?
It‘s worth noting that these values are not set in stone and can fluctuate based on market conditions, supply and demand, and other factors. As a collector or investor, it‘s essential to stay informed about current trends and auction results to make informed decisions. It‘s important to note that grading is a subjective process, and even experienced collectors and graders may have slightly different opinions on a coin‘s grade. Factors such as toning, strike sharpness, and eye appeal can also influence a coin‘s perceived value within a given grade. Morgan Dollar’s produced in 1885 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Troy ounces weigh about 2 grams more than the standard ounce.
Carson City Mint (CC)
The 1885-S, known for its quality and eye appeal, also fetches a premium, particularly in higher Mint State grades. 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. 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.
Post-1965 Quarter Values
- Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
- MS 65 Uncirculated condition- There is strong luster and eye appeal.
- Harder to find in high grades; San Francisco coins have a reputation for sharper strikes.
- The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention.
- The bottom coin in the image exhibits natural colorful toning.
These areas are prone to wear and can help you determine the coin‘s grade. As a coin collector and expert, I‘ve always been fascinated by the 1885 Morgan silver dollar. This classic American coin, with its rich history and stunning design, has captured the hearts of numismatists for generations. 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 $44.57 and rising from there, accurately determine how much your rare silver coins are worth.
The engraver used an image of a Philadelphia school teacher for inspiration. Minted during the post-Civil War economic recovery, the 1885 Morgan Dollar reflects America’s industrial rise. The Carson City Mint (1885-CC) especially is iconic for coins from the American frontier. Searching “1885 Morgan Silver Dollar Value” or “1885 Dollar Coin Value” often leads collectors to the most up-to-date pricing.
The bit features vibrant rainbow toning and is the sole example at this grade level. Sharp strike, bright luster, few marks visible only under magnification. Only the outline of Liberty is left, flat details, rims merged or faint. His “M” appears on the ribbon’s left loop and at the lower part of Liberty’s neck. George T. Morgan is the man behind the 1885 Morgan Silver Dollar design.
If the fake Morgan is made of aluminum, this test will fail. Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921. Nowadays, the 1885 silver dollar value is high due to the limited number on the market. The 1885 Morgan Silver Dollar is part of the iconic Morgan Dollar series, which was minted from 1878 to 1904, and again in 1921. Named after its designer, George T. Morgan, this coin played a crucial role in American commerce during the late 19th century. Nearly full luster, very light rub on highest points; eye appeal close to Mint State.
Coin Condition & Grading
- Even the metal content of the 1885 Silver Dollar adds to its intrinsic value.
- Only rare, highly graded pieces can reach $21,000 to $26,000.
- Chris Yang is the Co-Founder of Coins-Value, a leading platform for antique and modern U.S. coin valuation.
- By understanding the historical context, grading standards, and market trends, collectors and investors can make informed decisions and build meaningful collections.
This proof piece set a record for proof 1885 Morgan coinage. It is distinguished by its cameo contrast and pristine condition. Morgan silver dollar value is similar to the P variant. Dollar grading helps to determine the value of a piece. Lustrous and defined pieces offer the highest value of the 1885 Silver Dollar. 1885 Silver Dollar worth depends on the mint mark, as they have different rarities.
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You will most likely find however that it is hard to get a coin for less than spot price. Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth.. Today there is a wide range of common to rare coin values found in your box of old coins. From your old pennies to gold coins, all US coin series are covered.
Silver Dollar Value by Mint Mark and Grade
Chris Yang is the Co-Founder of Coins-Value, a leading platform for antique and modern U.S. coin valuation. His commitment to helping collectors and individuals navigate the world of finance has made Coins-Value a trusted resource in the industry. MS 60 Uncirculated condition- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks. Metal composition – You can hardly notice a difference in silver content with the naked eye. However, you can check your coin’s magnetic characteristics since silver is not a magnetic metal.
228,000 Morgan silver dollars were minted in Carson City in 1885, making them valuable on the current coin market. Even those in circulated condition cost $450 to $660, while pieces in perfect condition often reach a price of $600 to $8,400. 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. As you can see, the value of an 1885 Morgan silver dollar can vary greatly depending on its condition and mint mark. The 1885-CC, with its low mintage and historical significance, commands the highest prices across all grades.
Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins. By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector Best gold etfs quality with solid interest. Well defined examples with little or no wear are eagerly sought. The top coin in the image remains bright silver as minted and never saw circulation.