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.
Morgan Silver Dollar Value Guides
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.
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.
Are 1885 Morgan Silver Dollars Silver?
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.
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.
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.
Key Date U.S. Coins
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.
Dollars
- It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a cleaned and processed coin.
- Uncirculated coins with a grade of MS 65 can sell for around $190.
- 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.
- Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921.
- Following the lead of collectors, examine the condition of your 1885 dollar closely.
- The best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000.
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.
- 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.
- Pieces struck in 1885 were in a group of early date series with a low mintage, making these beautiful pieces precious for collectors.
- The initial silver dollar mintage was never too high because of the limited silver amount in the US Mint’s reserves.
- This melt value is calculated from the current silver spot price of $48.73 per ounce.
- One collector paid $48,875 for it at Heritage Auctions.
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 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.
Coin Designation Guide
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 Best etf to day trade 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.
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.
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.
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