The 1885-CC, with its low mintage and historical significance, commands the highest prices across all grades. The 1885-S, known for its quality and eye appeal, also fetches a premium, particularly in higher Mint State grades. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks. Most 1885-S silver dollars were also highly circulated, making high-grade examples rare. Despite the high mintage, 1885 no mint-mark silver dollars are quite valuable even in the circulated state. Their intrinsic value lies in their silver content, making them desirable among collectors.
In addition to value, there are other factors to consider when investing in 1885 Morgan Silver Dollars. These include the condition of the coin, where it was minted and how much wear and tear it has incurred over the years. You should also know what makes a good investment before investing in 1885 Morgan Silver Dollars. This will help you figure out if an investment is worth your time and money. On average, 1885 Morgan silver dollars can cost as little as $17 or as much as $2000. Because these coins are over a century old, their value is largely determined by their condition.
Value of 1885-CC Silver Morgan Dollar
Morgan silver dollars, including those struck in 1885, have the reputation of being perfectly struck. As such, there aren’t many Morgan silver dollar errors in circulation. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry.
Silver isn’t magnetic, so if your coin clings to a magnet, it’s definitely a counterfeit coin. Even a circulated CC coin in poor to good condition can be sold today for anywhere between $440 and $550. In AU58, the highest circulated grade a coin can get, the price increases to $735. George T. Morgan is well-known in U.S. mintage history as the Chief Engraver from 1917 to 1925. He worked on many stunning and regal coins, like the reverse sides of the Columbian half dollar and the McKinley Birthplace Memorial gold dollar.
Ultimately, the 1885 silver what is mirror trading dollar with no mint mark in MS 65 costs from $180 to $220. Another error found in the 1885 silver dollar is a repunched mint mark error. This one was more exclusive to the San Francisco-minted coins, which have an “S” mark.
John Adams Dollar Coin Error List & Value
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. Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors. Once cleaned, Morgan dollars lose approval to a large segment of potential collectors. It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a cleaned and processed coin. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
As a result of linux for network engineers practical linux with gns3 the late release, 1885-O silver dollars are widely available in high grade. Despite these coins being struck more than 130 years ago, circulated examples are still in good shape. Morgans were the first dollars containing silver after the Bland-Allison Act from 1873 that allowed purchasing silver.
Morgan Silver Dollar Grading
The price can skyrocket if the 1885 Morgan silver coin has a high grade and is in excellent condition. Above the head of the eagle, there is the well-known motto “IN GOD WE TRUST,” and underneath the eagle, there is a laurel wreath. If you want to know for sure that your 1885 silver dollar is authentic, check if the coin will be attracted to a magnet.
- In the near-perfect coin grades of MS67 and MS68, these silver dollars can go up to $1,950 and $8,500, respectively.
- 96 distinct date-and-mint combinations created more than 600 million Morgan dollars, and hundreds of millions were eventually destroyed.
- Circulated coins, on the other hand, will show unmistakable signs of wear on the high points.
- As you can see, the value of an 1885 Morgan silver dollar can vary greatly depending on its condition and mint mark.
- When grading 1885 Morgan silver dollars, pay close attention to the high points of the design, such as Liberty‘s cheekbone, hairline, and the eagle‘s breast and wing tips.
Coins in the mint state have different prices depending on the preservation level. San Francisco produced only 1,497,000 of 1885 Silver Dollar S. Morgan. Coins in mint condition consistently fetch six figures, while those in circulation fetch less than $200. It’s assumed that dollar coins with the S mint sign are worth $45,000 to $54,000; you may also purchase pieces graded MS 67 from other mints for a few thousand dollars.
Silver Dollar Value: A Comprehensive Guide for Collectors and Investors
Superb gems like coins graded MS67 and MS68 can be sold for around $1,200 and $17,500, respectively. This will help ensure the authenticity and condition of your coins, protecting your investment. When grading 1885 Morgan silver dollars, pay close attention to the high points of the design, such as Liberty‘s cheekbone, hairline, and the eagle‘s breast and wing tips. These areas are prone to wear and can help you determine the coin‘s grade. Most surviving circulated examples are graded good to fine, but even these are worth good money. You can expect between $560 and $785 for 1885-CC circulated silver dollars.
- Coins from U.S. mints that make the lowest number of coins per issue usually become the most expensive as time goes on.
- Only a few hair strands over Liberty’s temple and below her cap have been combined, so the overall effect is rather subtle.
- The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention.
- These include the condition of the coin, where it was minted and how much wear and tear it has incurred over the years.
- Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value.
Is an 1885 Morgan dollar worth anything?
They have Silver content that makes them valuable even in poor conditions. The temple and coronet of Liberty’s headpiece show the earliest signs of metal loss from wear before the rest of the crown. In this case, your coin should be as it was just minted, with no signs of use.
Where Can You Buy The 1885 Morgan Silver Dollar?
These coins fetch more in their mint state, from $75 for a piece graded MS60 to $65,000 for gem-quality specimens graded MS69 and above. With so many mint state coins readily available, collectors typically focus on the scarce circulated grades, such as the 1885-CC and 1885 Proof silver dollars. 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. 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.
It was hycm review the first silver dollar ever produced after the Coinage Act of 1873, which prohibited the free coining of silver. US coin collecting is a fascinating hobby and a great place to start a collection that can grow over time. First of all, it is a great way to learn about American history by inspecting the coins and learning about the period they were minted.