1885 Silver Dollar Learn the Value of This Coin

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. Depending on the mintmark and grade, the 1885 Morgan Silver Dollar Value can range from modest to extremely valuable.

Named after its designer, George T. Morgan, this coin played a crucial role in American commerce during the late 19th century. 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. Harder to find in high grades; San Francisco coins have a reputation for sharper strikes. MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

CC Morgan Silver Dollar Value

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. 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. Click here to see the most valuable coins ever minted.

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. One collector paid $48,875 for it at Heritage Auctions. LaVere Redfield, a reclusive millionaire from Reno, Nevada, accumulated over 400,000 silver dollars during his lifetime.

Grading Tips For Collectors

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. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921. You can be sure your coin is fake if you spot any other year on the obverse. 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. If you have any other coins in your collection and want to identify them, here’s an app for you.

How to Identify 1885 Morgan Silver Dollar?

• In extremely fine condition the value is around $675.
• In the 1940s and 1950s, Texas casino owner Ted Binion amassed a massive collection of silver dollars, including many 1885 Morgans.
• Even those in the worst condition cost something, thanks to the silver content.
• The most expensive Morgan minted this year also came from the Carson City mint.
• Click here to see the most valuable coins ever minted.

In extremely fine condition the value is around $675. 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 prices for various grades and mint marks, based on recent auction results and dealer listings.

Therefore, the US Mint could start minting new coins created by George T. Morgan’s design. Pieces struck in 1885 stock trading vs investing were in a group of early date series with a low mintage, making these beautiful pieces precious for collectors. Elegant, shiny, and heavy Morgan (Liberty Head) silver dollars are unique US coins minted from 1878 to 1904 and later in 1921.

These coins, which were sold in special GSA holders, remain popular with collectors today. 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 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.

How much is a 1885 Morgan Silver Dollar worth?

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. 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.

Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces. 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.

• You will most likely find however that it is hard to get a coin for less than spot price.
• Especially 1885-CC Silver Dollars—which are the most sought-after of the bunch—command premium prices.
• 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.

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. The 1885 Morgan silver dollar is a fascinating and valuable piece of American numismatic history.

The 1885-S, known for its quality and eye appeal, also fetches a premium, particularly in higher Mint State grades. 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.

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. These areas are prone to wear and can help you determine the coin‘s grade. The New Orleans Mint, which had a storied history dating back to the antebellum period, struck 9,185,000 Morgan silver dollars in 1885.

Quarter Value Guide

The US Mint destroyed all error coins before releasing them into circulation as pieces that couldn’t meet technical requirements. 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.

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.