What adds to the confusion is that some coin agencies use half grades or add + to distinguish between coins that are in mint condition. For example, the coin graded 65+ is obviously in better condition than 65. Since Carson City stuck the least amount of these precious coins, they are very collectible, sought after, and cherished. When it comes to the composition of Morgan 1885 silver dollar, it contains 90% silver and copper, weighing 0, troy ounces (26. 73 g).
Silver Dollar Grading
The mint mark, when present, can be found on the reverse side of the coin below the wreath. The 1885 Morgan silver dollars have value as both numismatic coins and as silver what is free margin in forex bullion. 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. The New Orleans mint struck an estimated 9 million silver dollars in 1885. In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar.
- This is because scarcer coins are rarer, and therefore more valuable.
- The result of this collaboration was the iconic obverse of the Morgan silver dollar.
- With a minimum value of $30.74 and rising from there, accurately determine how much your rare silver coins are worth.
- This highly collectible coin can be a good investment whether you want to sell or buy a piece.
What is the Value of the 1885 Morgan Silver Dollar?
The most pricey is the one in an MS 68 grade sold at Heritage Auctions in 2015 for $37,600. When there are several instances of an error coin, it becomes more sought after because a full set is more likely, thus boosting its value. As more examples of the coin are discovered, interest in it grows, driving up its value. The Morgan silver dollar was made from 1878 to 1904 and then again in 1921.
Value of 1885-CC Silver Morgan Dollar
- As you compare your coin to the images, a close match of its condition becomes apparent.
- At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse.
- This specimen was graded PF69 and was auctioned for an astonishing $92,000.
- 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.
Because they are relatively scarce and in demand, those interested in selling their 1885 Morgans can turn to online coin dealers like eBay. Some collectors have even paid hundreds of dollars for a single coin! So if you have an 1885 silver dollar, don’t hesitate to sell it now so you can enjoy the monetary benefits later on. The CC on the 1885 silver dollar refers to the location where the coin was minted, in this case, CC refers to Carson City. There are other coins in this series with different marks such as S, O, and No Mint Mark. Specimens highly preserved from a regular strike in an MS 68 can cost from $45,000 to $60,000.
Rare 1885 Silver Dollar Errors List
This specimen was graded PF69 and was auctioned for an astonishing $92,000. Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin. You might be glad to discover that the 1885 silver dollar is worth more than face value. Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars. All include value charts, alongside grading images to find the accurate value of your old dollars.
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 learn java for app development consistent quality and high output. 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.
The inscriptions UNITED STATES OF AMERICA and ONE DOLLAR struck along the rim surround a centrally positioned eagle with spread wings. The motto IN GOD WE TRUST is above its head, while you can see a laurel wreath below its talons holding three arrows and an olive branch.
Chris graduated with a BA in American History, informing his specialty in political memorabilia. As a seasoned antique hunter, Chris utilizes his skills to deliver an ever-changing inventory of must-see relics and conversation pieces to his shop. This comparison table will help you comprehend the significance of grades. However, many of them were kept in bags for decades, where they ended up rubbing against each other and creating contact marks on each other’s mint-state surfaces. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points.
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.
That year, only 930 proof silver dollars were struck, making examples extremely rare and valuable. Values for these proof coins range from $1,375 to $37,500, but cameo and deep cameo examples can fetch as much as $60,000 and $80,000, respectively. In its circulated condition, an 1885 hotforex broker no-mint mark dollar is worth between $32 and $70.
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. 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. It is crucial first to determine the damage on the 1885 Morgan silver dollar, even though it may be tricky.
If you have doubts about the grading system, here is a simple explanation. All coins are graded from 1 to 70, with 1 being the worst condition and 70 being the perfect or pristine state. In 1873, the Coinage Act halted the production of silver coins in the US because the value of silver depreciated. However, the Bland-Allison Act brought the coin back to life until the 1900s, when the shortage of silver struck.
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. The other category is Morgan’s Error Coins, which still needed to be minted despite having flaws in the design or manufacturing process. In uncirculated conditions, the value continues to shoot up exponentially for these 1885 CC silver dollars. At MS65, you might be able to sell your CC silver dollar for almost $1,300.
First, your coin should weigh about 26.73g, not significantly more or less. 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. In circulated condition, expect between $37 and $325 for your 1885-S Morgan silver dollar, depending on the grade. Rare examples in mint state are worth slightly more, with an MS65 bringing as much as $2,150 and a gem-quality MS67 fetching as much as $60,000.
