1885 Morgan Silver Dollar Value Discover Their Worth

what is the value of a 1885 silver dollar

The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention. Following the lead of collectors, examine the condition of your 1885 dollar closely. As you compare your coin to the images, a close match of its condition becomes apparent.

Silver Dollar Coin Value (Errors List, “CC”, “O”, “S” & No Mint Mark Worth)

While other silver coins look similar to one another, Morgan Silver Dollars have a distinct look that sets them apart. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding. 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.

7TF Rev. of ’78 Morgan Dollar Price Charts

Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Professional Coin Grading Services and Numismatic Guaranty Corporation are the top two services and both authenticate and grade your coin. Each place the coin in a special holder improving marketability. Above Liberty’s forehead many of the waves of hair are flat with only a few fine inner lines remaining.

Morgan silver dollar value

Most 1885-S silver dollars were also highly circulated, making high-grade examples rare. As a result of 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. The US Mint destroyed https://forex-reviews.org/ all error coins before releasing them into circulation as pieces that couldn’t meet technical requirements. Additionally, collectors welcome coins with original surfaces. Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors.

What Makes a 1921 Silver Dollar Rare? (The Factors Behind These Coins’ Rarity and Value Explained)

This process determines the «grade» and using the above chart identifies an accurate value of your 1885 silver dollar. The US minted the 1885 silver dollar with no mint mark and also the 1885 CC silver dollar, 1885 O silver dollar, and 1885 S silver dollar. Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. It is far scarcer than the 9.7 million «7 tail feathers» version released later the same year. The TF Morgan dollar can be found without much trouble, up to MS65. NGC and PCGS censuses show a combined total of just over 1,200 MS65, 105 MS66, twelve MS66+, two MS67, and a lone MS68 graded by PCGS.

Despite the often-repeated myth about the Morgan dollar, the bald eagle does not have seven tail feathers. Mint until 1986 to finally get it right, with the American Silver Eagle bullion coin. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index.

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 $25.44 and rising from there, accurately determine how much your rare silver coins are worth. If your silver dollars are worn from circulation, they will not contain as much silver.

For instance, this proof coin holds an auction record of $92,000. The reverse shows an eagle with extended wings holding an olive branch and arrows while standing next to a wreath. “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and “ONE DOLLAR” are written on the reverse. 96 distinct date-and-mint combinations created more than 600 million Morgan dollars, and hundreds of millions were eventually destroyed.

what is the value of a 1885 silver dollar

For your top condition and value coins, a range of appropriate holders are found at an area coin dealer. 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.

Morgan silver dollars, as a series, are highly popular with collectors today. These now very old silver dollars are large in size, striking in design, available and represent good value with many reasonably priced. The 1885 Morgan silver dollars have value as both numismatic coins and as silver bullion. The US minted the 1880 silver dollar with no mint mark and also the 1880 CC silver dollar, 1880 O silver dollar, and 1880 S silver dollar.

However, a large mass of Morgan dollars kept accumulating in Treasury warehouses as well as regional and centralised bank vaults. Bobby Avena Bobby is a fixture at all major US coins shows. Rare and high grade United States coins are his main specialty.

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. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey. Even those in the worst condition cost something, thanks to the silver content. Today there is a wide range of common to rare coin values found in your box of old coins. From your old pennies to gold coins, all US coin series are covered. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.

Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. A few key elements are easily recognized to help judge a premium collector Morgan dollar. Aesthetics and eye appeal are the evaluation of surface qualities and overall «look» of the coin.

  1. If a mark, scratch, or rim bruise is noticeable, it immediately lowers eye appeal.
  2. Variations in value do occur subject to subtle grading points, collector demands and dealer needs.
  3. Each place the coin in a special holder improving marketability.
  4. On the reverse under the bow tying the olive wreath a «CC» mintmark is a Carson City silver dollar.
  5. On average, 1885 Morgan silver dollars can cost as little as $17 or as much as $2000.
  6. Only rare, highly graded pieces can reach $21,000 to $26,000.

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. 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 best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000. Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces.

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. For instance, you can find those in an MS 60 grade for approximately $50 to $60. On the other hand, those with an MS 68 rating are precious and can cost over $20,000.

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. The 1885 silver dollar has a reeded edge, while the inner rim features decorative ridges throughout the coin’s diameter. A compromise was reached, and in 1878, the Bland-Allison Act authorized the U.S.

Reverse 3 would be the standard Morgan dollar reverse from 1879 to 1904. The New Orleans Mint did nothing but make Morgan dollars in 1885. But as it ended up, almost none went into circulation at the time. Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. When locked, you will be scrolled directly to this table for all coins. This comparison table will help you comprehend the significance of grades.

Your coin should still seem brand new, with no evidence of wear. The hair at Liberty’s temple and coronet is typically where any worn metal first becomes https://forexbroker-listing.com/blackbull-markets/ visible in Morgan silver dollars. Many 1885 silver dollars are valuable in circulated and uncirculated condition due to the coin’s silver content.

Celebrated not just for his collection, John is appreciated for his knowledge-sharing, greatly influencing the coin collecting community. 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. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM. While many are flat in the center, sharply struck examples exist (at a premium). With so many available, take your time to cherry pick a nice one.

Use the worksheet as an invoice and packing slip when sending coins through the mail to dealers. Popular and always in demand, minimum Morgan silver dollar values begin at $25.44 for a heavily worn example. Many date and mintmark combination are worth well above minimum value. A step by step approach identities key dates, mintmarks, and helps judge collector quality condition. The 1885 Morgan silver dollar is a fascinating and valuable piece of American numismatic history. The San Francisco Mint, established during the California Gold Rush, minted 1,497,000 Morgan silver dollars in 1885.

Treasury to buy silver bullion worth 2-4 million dollars each month at the prevailing market price. Metal composition – You can hardly notice a difference fxtm broker review in silver content with the naked eye. However, you can check your coin’s magnetic characteristics since silver is not a magnetic metal.

LaVere Redfield, a reclusive millionaire from Reno, Nevada, accumulated over 400,000 silver dollars during his lifetime. 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. Most surviving circulated examples are graded good to fine, but even these are worth good money.

Each mint variety is valued by demand on supplies and condition of the coin. Mintmarks were used by the branch mints to indicate their production, and are key to Morgan silver dollar values. The U.S. Silver Dollar Melt Value Calculator, which is located below, can be used to determine the total silver value and total silver content of your U.S. Calculate by total silver dollars, face value, or total weight.