Circulated coins, on the other hand, will show unmistakable signs of wear on the high points. The details, high points and fields will be smooth on low-grade circulated examples and slightly more visible as you go up the grading scale. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear.
- Now that you know the value of your coins, do you know where to sell those coins online easily?
- Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $150 to $1,500.
- In certain circumstances, the mint mark may raise the value, while in other circumstances, a no-mint-mark mistake may do so.
- Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace 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.
Because of this, it’s crucial to evaluate the coin’s value before investing. 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. 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.
What makes an 1885 silver dollar valuable?
It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a cleaned and processed coin. The 1885 Morgan silver dollars have value as both numismatic coins and as silver bullion. Because they are relatively scarce and in demand, those interested turnkey fintech and fx brokerage solutions 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 Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. As is tradition, the coins from this mint did not have a mint mark. On average, 1885 Morgan silver dollars can cost as little as $17 or as much as $2000.
The Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893. The Mint stopped making the silver dollar in 1904 when the stockpile decreased. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. 96 distinct date-and-mint https://www.day-trading.info/senior-azure-cloud-engineer/ combinations created more than 600 million Morgan dollars, and hundreds of millions were eventually destroyed. However, a large mass of Morgan dollars kept accumulating in Treasury warehouses as well as regional and centralised bank vaults. Strike-through errors are the most common coin error and equally the most desirable as you can identify them with unaided eyes.
Value of 1885-CC Silver Morgan Dollar
Likewise, a heavily worn 1885 silver dollar will generally be worth less than one that remains in nearly pristine condition. This coin has sentimental and historical value for every collector, hence its average price is always more than the silver content of the coin. It is important to understand the factors that affect the value of Morgan silver dollars. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry. 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.
In uncirculated condition the price is around $375 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,000. The 1885 O silver dollar is worth around $45 in very fine condition.
The Value of Proof 1885 Morgan Silver Coins
In this article, we will determine the value of the 1885 silver dollar and teach you everything you need to know about this coin. John Saechao is a respected California-based coin collector, known for his diverse and intricate collection. His lifelong passion for numismatics has shaped an impressive portfolio, spanning multiple eras and continents. Celebrated not just for his collection, John is appreciated for his knowledge-sharing, greatly influencing the coin collecting community. 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.
In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. 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. 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 $22.83 and rising from there, accurately determine how much your rare silver coins are worth. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks.
The 1885 silver dollar with no mint mark is worth around $45 in very fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. The 1885 S silver dollar is worth around $50 in very fine condition.
Examples in mint states will fetch more, with one graded MS65 bringing as much as $1,400, while an MS68 specimen is worth up to $130,000. This highly collectible coin can be a good investment whether you want to sell or buy a piece. 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 Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design.
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. The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
In circulated condition, expect between $35.50 and $200 for your 1885-S Morgan silver dollar, depending on the grade. Rare examples in mint state are worth slightly more, with an MS65 https://www.topforexnews.org/software-development/are-you-java-11-certified-yet-clear-your-oracle/ bringing as much as $2,900 and a gem-quality MS67 fetching as much as $62,500. Morgan silver dollars are some of the most collectible in the history of United States coinage.