what is the value of a 1885 silver dollar

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 $31.24 per ounce. 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. Finally, a 13 95 euro to hungarian forint, convert 13.95 eur in huf silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921.

what is the value of a 1885 silver dollar

You will also notice the mint marks CC( Carlson City), O (New Orlean), and S (San Francisco) just above the D in DOLLAR on the reverse. If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM. 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.

S Morgan Dollar MS-62 PCGS

The top coin in the image remains bright silver as minted and never saw circulation. In this ad, Bason listed circulated 1885-CC Morgan Dollars for sale for $14.90. The 1885 Morgan silver dollar is a fascinating and valuable piece of American numismatic history. By understanding the historical context, grading standards, and market trends, collectors and investors can make informed decisions and build meaningful collections. The New Orleans Mint, which had a storied history dating back to the antebellum period, struck 9,185,000 Morgan silver dollars in 1885. Coins from this southern branch mint often exhibit a distinctive appearance, with softer strikes and more muted luster than their Philadelphia counterparts.

What makes an 1885 Morgan silver dollar rare?

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. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks.

S Morgan Dollar AU-53 NGC

The 1885 silver dollar with no mint mark is worth around $48 in very fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices.

According to Morgan, Anna’s Greek profile was perfect for the new silver coin, but back then, it was considered disgraceful for a woman to pose as a model. The school teacher Anna Trading seasonalities in the futures market open Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design. The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Please check our grading guides to know your coin scale, It’s the necessary step to know the exact value of your coin. The words UNITED STATES OF AMERICA occupy the upper half of the coin’s inner rim on the reverse while the denomination, ONE DOLLAR, appears along the rim at the bottom. The motto E PLURIBUS UNUM appears at the top around the coin’s rim while the date, 1885, is imprinted at the bottom.

  1. 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.
  2. The VAM-4 has a thick dash mark under the 8 and die chips in the CC mint mark.
  3. The Mint stopped making the silver dollar in 1904 when the stockpile decreased.
  4. Besides coins from the regular strike, the Philadelphia mint produced 930 Morgan silver dollar proofs in 1885.
  5. Since most of the tiny mintage never saw circulation, it is also the most rare Morgan dollar of all in circulated grades, including the famous 1893-S.
  6. Although 1885-CC Morgan Dollars were struck for circulation, very few were released into commercial channels.

Philadelphia Mint (No Mint Mark)

Easy to use and inexpensive they are a good solution to safe storage and preserving value. The 1885-CC is the lowest Morgan dollar mintage from the Carson City Mint. Since most of the tiny mintage never saw circulation, it is also the most rare Morgan dollar of all in circulated grades, including the famous 1893-S. The information on this page does not constitute an offer to buy or sell the coin(s) referred to. trend trading capitalizes on market momentums Proof and prooflike examples of this issue may have greater or lesser “finest known” and different record auction prices. The Morgan silver dollar series, named after its designer George T. Morgan, was born out of the Bland-Allison Act of 1878.