For your top condition and value coins, a range of appropriate holders are found at an area coin dealer. 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. Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value. The 1885 Morgan silver dollars have value as both numismatic coins and as silver bullion. Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value.
Dollar Value: Mint Varieties, Rarity, and Current Prices
The answer to this question, as well as coin grading tips, is here. These terms are vital for indexing and help your page or product rank highly in Google when collectors and buyers search for pricing, rarity, and collecting info. The most expensive Morgan minted this year also came from the Carson City mint. This coin in an MS 68+ grade was paid $135,125 at Legend Rare Coin Auctions in 2015. The most expensive proof Morgan struck this year is the one in a PR 69 grade sold in 2011 at Goldberg Auctioneers for an unbelievable $92,000.
Coins with attractive, natural toning are highly sought after by collectors. Carson City (CC) mint coins are particularly valuable due to their low mintage and the mint’s historical significance. The condition of an 1885 Morgan Dollar significantly impacts its value. Uncirculated specimens, particularly those grading MS65 or higher, command substantial premiums. The Carson City (CC) mint coins are especially valuable in high grades due to their low mintage. If you’re holding onto an 1885 Morgan Silver Dollar, you’re in possession of one of the most iconic and collectible coins in American numismatic history.
Other features of the 1885 Morgan silver dollar
Following the lead of collectors, examine the condition of your 1885 dollar closely. As you compare your coin to the images, a close match of its condition becomes apparent. This process determines the “grade” and using the above chart identifies an accurate value of your 1885 silver dollar. The Morgan silver dollar series, named after its designer George T. Morgan, was born out of the Bland-Allison Act of 1878. Toning can greatly affect the value of 1885 Morgan Dollars.
For instance, you can find those in an MS 60 grade for approximately $50 to $60. On the other hand, those with an MS 68 rating are precious and can cost over $20,000. The auction record won a coin sold at Legend Rare Coin Auctions in 2015 for an incredible $39,950. Professional numismatist and data expert applying predictive analytics to coin markets. Developed AI models for Coin ID Scanner, boosting reliability in coin identification and global collector engagement. For its exceptional rainbow toning, the coin earned the nickname “WOW” coin among collectors.
The 1885 CC silver dollar is worth around $650 in very fine condition. In uncirculated condition the price is around $775 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,300. Now that we‘ve explored the historical context and importance of grading let‘s take a closer look at the current market value of 1885 Morgan silver dollars. The following table provides a comprehensive overview of Euro vs.Dollar history prices for various grades and mint marks, based on recent auction results and dealer listings.
Silver Dollar Value by Mint Mark and Grade
After his death in 1974, his hoard was discovered, which included many 1885 Morgan dollars from all four mints. The dispersal of the Redfield Hoard through auctions in the 1970s and 1980s had a significant impact on the market for these coins. The San Francisco Mint, established during the California Gold Rush, minted 1,497,000 Morgan silver dollars in 1885. Known for its high-quality strikes and attractive toning, the 1885-S is a favorite among collectors. Die state and strike quality are important factors, especially for New Orleans mint coins. Well-struck examples with full breast feathers on the eagle and sharp hair details on Liberty can command premiums.
Only rare, highly graded pieces can reach $21,000 to $26,000. The most pricey is the one in an MS 68 grade sold at Heritage Auctions in 2015 for $37,600. Here are the most legendary 1886 pieces ever sold at auctions. MS 65 Uncirculated condition- There is strong luster and eye appeal.
- Additionally, collectors welcome coins with original surfaces.
- This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm.It’s edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper.
- Only the outline of Liberty is left, flat details, rims merged or faint.
- Preserve your 1885 Morgan silver dollar value, by careful handling and storage.
Preserve your 1885 Morgan silver dollar value, by careful handling and storage. Hold it by the edges and avoid contact with other coins. Because of their large size, silver dollars can receive and inflict nicks and scuffs.
The 1885 S silver dollar is worth around $55 in very fine condition. In uncirculated condition the price is around $390 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,950. The 1885 O silver dollar is worth around $49 in very fine condition.
Are 1885 Morgan Silver Dollars Silver?
All include value charts, alongside grading images to find the accurate value of your old dollars. Proof coins with no mint mark are available and they are each valued at around $3,700 in PR 63 condition. This coin in circulated condition is worth at least its weight in silver. This melt value is calculated from the current silver spot price of $48.73 per ounce. The best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000. Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces.
CoinTrackers has built a tool that will let you know if your coin is silver or not. Depending on the mintmark and grade, the 1885 Morgan Silver Dollar Value can range from modest to extremely valuable. Certified, well-preserved coins—especially those from the Carson City Mint (1885-CC)—can bring thousands. With strong collector interest and a deep history, the 1885 Silver Dollar remains a must-have for any serious collector or investor. The Carson City mint struck fewer coins, making this the rarest and most valuable of the 1885 series. Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars.
Besides coins from the regular strike, the Philadelphia mint produced 930 Morgan silver dollar proofs in 1885. Their price goes from $1,000 to $15,000 on the coin market, but rare pieces in PR 67 grade with cameo contrast are worth up to $25,000. Four mints struck 28,697,767 Morgan silver dollars in 1885. Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces. One of the most critical factors in determining the value of an 1885 Morgan silver dollar is its condition, as assessed by the coin grading scale. This scale, which ranges from Poor (P-1) to Perfect Uncirculated (MS-70), takes into account factors such as wear, luster, strikes, and overall eye appeal.
The US Mint destroyed all error coins before releasing them into circulation as pieces that couldn’t meet technical requirements. 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. Coins in the mint state have different prices depending on the preservation level. In the 1940s and 1950s, Texas casino owner Ted Binion amassed a massive collection of silver dollars, including many 1885 Morgans. After his death, the hoard was dispersed through auctions and private sales, giving collectors a chance to acquire high-grade examples of this classic coin.
- This contentious issue divided the nation and shaped the political landscape of the time.
- These terms are vital for indexing and help your page or product rank highly in Google when collectors and buyers search for pricing, rarity, and collecting info.
- The Carson City Mint (1885-CC) especially is iconic for coins from the American frontier.
- For its exceptional rainbow toning, the coin earned the nickname “WOW” coin among collectors.
Morgans were the first dollars containing silver after the Bland-Allison Act from 1873 that allowed purchasing silver. Therefore, the US Mint could start minting new coins created by George T. Morgan’s design. Pieces struck in 1885 were in a group of early date series with a low mintage, making these beautiful pieces precious for collectors. 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.
In the late 19th century, silver played a crucial role in American politics and economics. The “Free Silver” movement advocated for the unlimited coinage of silver to inflate the currency and help farmers and other debtors. This contentious issue divided the nation and shaped the political landscape of the time. Slight wear on cheek, high points of feathers; mostly mint luster remains. Liberty’s hair and cap are more defined, eagle feathers lightly worn. Even the metal content of the 1885 Silver Dollar adds to its intrinsic value.
Harder to find in high grades; San Francisco coins have a reputation for sharper strikes. Still valuable, especially in uncirculated or prooflike conditions. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM.