what is the value of a 1885 silver dollar

If your coin is listed with a large value jump from one grade to the next, having the coin graded by a service leads to certainty of value. An “O” mintmark was used by the New Orleans mint on its coinage. This mintmark is found on the reverse, below the ribbon tying the wreath. 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.

Key to 1885 Morgan Silver Dollar Value is Judging Condition

No merging of individual leaves, wear is confined to just upper edges. Leaves in the wreath have fine edges and small contoured designs, forming high and low areas. All parts of the leaves are without any dulling and smooth spots. On the reverse under the ribbon tying the wreath, look for the “D” mintmark of the Denver mint. Now that you know the value of your coins, do you know where to sell those coins online easily? Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons.

Where to Sell Your 1885 Silver dollar ?

CoinTrackers.com is proud to deliver hand written numismatic content made by genuine coin enthusiasts. Our articles and insights are uniquely original, created by human intellect rather than AI algorithms. Our commitment to originality ensures our content remains engaging, never a regurgitation of recycled or appropriated information.

Step 1: Date and Mintmark Variety are Identified

Philadelphia continued the trend of no mintmark on its coinage with the Morgan silver dollar series. In the space below the ribbons tying the bow, and just above the “DO” of “Dollar”, no mintmark confirms the Philadelphia mint struck the coin. San Francisco is the only mint that struck coins for circulation every year of the Morgan Dollar series. A complete date run of San Francisco variety dollars is a popular sub-collection.

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

what is the value of a 1885 silver dollar

With 17,787,000 produced Morgan silver dollars, Philadelphia had the highest mintage in 1885. Despite that, even pieces in good condition are https://forex-reviews.org/crypto-brokers/ valuable, and you should set aside about $30 for one. Coins in the mint state have different prices depending on the preservation level.

Because these coins are over a century old, their value is largely determined by their condition. Furthermore, proof and error coins are typically more valuable, with auction records reaching $100,000. Both of the imaged coins are Extremely Fine grade, the technical amount of wear to the surface. Differences in the appearance and eye appeal are now judged. Many collectors favor the soft grey-tan toning over the dark, mottled colors of the second dollar. Aesthetics now determine marketability of the dark coin, often lessening its appeal.

The 1880 silver dollar series has several different variations, and each variation is valued differently. Most of these varitations involve numbers minted over other numbers. For example there is the 80 over 79 variation where the number number 80 is minted over the number 79. Another example is 8 over high 7, where the number 8 is minted over a high 7. This is different then the 8 over low 7, where the 8 is minted over a lower 7 where it’s easier to see the 7. The flat breast of the first and second reverse designs made the coins look softly struck even with full strikes.

Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins. But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest. However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth. 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 $27.29 per ounce.

Just above her forehead, fine strands of hair are high in relief. These waves of hair remain fully covered in the fine texture imparted during the minting process. All parts of the hair remain without dulling to the high points. A single light source such as a table/desk lamp is ideal to help cast a light brining out subtle details.

With the large supply, values are affordable, placing the coin on want lists of most collectors. Carson City Morgan dollars are both very popular with collectors and are the scarce mintmark variety. Minted in only 13 years of the series, the mint’s total production was 13.8 million coins, lowest of all mints. 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.

The 1880 CC silver dollar 8 over high 7 variation with the third reverse is worth around $250 in very fine condition. In uncirculated condition the price is quebex around $800 for coins with an MS 60 grade. The 1880 CC silver dollar 8 over 7 variation with the second reverse is worth around $250 in very fine condition.

One of the most critical factors in determining the value of an 1885 Morgan silver dollar is its condition, as assessed by the coin grading scale. 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. 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. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks.

The first two options are for entering an exact count of U.S. 90% silver dollars. You can choose from the Morgan Silver Dollar or the Peace Silver Dollar. As an alternative, you can simply click on the silver dollar picture, or its link, to increase the value in its text box by 1.

This upheld the tradition of having a mother, Lady Liberty, depicted on the nation’s coinage. Morgan Silver Dollars are one of the collectors’ favourite coins. They are often referred to as the “investment dollar” because of their high value and metal purity. US coin collecting is a fascinating hobby and a great place to start a collection that can grow over time. There are many reasons why someone would want to collect US coins. 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.

On the reverse, under the bow a “S” mark confirms the San Francisco mint struck the coin. With a mintage of only 228,000, the 1855-CC silver dollar is considered the rarest Morgan after the 1903-O silver dollar. Lady Liberty’s left-facing portrait wearing a Phrygian cap features prominently on the obverse of the 1885 silver dollar. Learning about the features of the 1885 silver dollar can help you quickly determine if your coin might be valuable.

The Morgan dollar’s design underwent two rapid changes its first year, before arriving at the appearance that it would bear for the rest of the series. All the changes happened on the reverse of the coin that was minted in Philadelphia. As a result, the 1885-O Morgan dollars is one of the most common Morgan dollars in Mint State, and is THE most common uncirculated New Orleans Morgan dollar. Michael Davidson brings over three decades of experience in buying, selling, and appraising rare United States coins.

MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable. The coin has luster, but there may be a few stains, abrasions, or surface marks. The TF Rev. of 78 (7 tail feathers, reverse of 1878) is the second, and most plentiful, of the four major varieties of 1878 Morgans struck in Philadelphia. This stopgap measure resulted in the tips of the longest of the eight tail feathers showing beneath the new image of seven tail feathers.

You can expect between $560 and $785 for 1885-CC circulated silver dollars. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars are some of the most collectible in the history of United States coinage. These coins are gorgeous, solid, and, more importantly, contain 90% silver, a high-demand precious metal.

The main reason for this is that proof coins are meant to be perfect examples of their corresponding types. Since each proof coin is minted in a small quantity, it will have less variation than its base or circulation issues. Therefore, if you have a scarce proof coin, you can be sure that it is an exceptional specimen that has not been https://broker-review.org/ tampered with. If you enjoy coin collecting for investment purposes, it can also be a financially rewarding hobby. Over time, some rare coins and coins made of pricey metals like gold and silver have generated better returns than any other kind of investment. Because of this, it’s crucial to evaluate the coin’s value before investing.

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. 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. Preserve your 1885 Morgan silver dollar value, by careful handling and storage. Because of their large size, silver dollars can receive and inflict nicks and scuffs.

Known for its high-quality strikes and attractive toning, the 1885-S is a favorite among collectors. Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $110 to $5,000. Deep-proof like 1885-O silver dollars will fetch up to $12,500 for a PF67 specimen. In its circulated condition, an 1885 no-mint mark dollar is worth between $32 and $70.

what is the value of a 1885 silver dollar

Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces. Placing yourself in the eye of a collector, both examples are the same date, mintmark, and grade. Looking closely at the chest of the eagle, on the second coin a noticeable deep mark is clearly visible. Marks of this type are the deciding factor in eye appeal to collectors. Recognizing coins with outstanding aesthetics separates bullion from collector quality. These areas are prone to wear and can help you determine the coin‘s grade.

The 1880 CC silver dollar with the third reverse is worth around $225 in very fine condition. In uncirculated condition the price is around $500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,000. Lastly the 1880 S silver dollar 0 over 9 variation is worth around $47 in very fine condition. In uncirculated condition the price is around $100 for coins with an MS 60 grade.

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. 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.

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. 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. Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin.

  1. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.
  2. The 1880 CC silver dollar 8 over 7 variation with the second reverse is worth around $250 in very fine condition.
  3. However, you can check your coin’s magnetic characteristics since silver is not a magnetic metal.
  4. Silver dollars are one of the most valuable US coins to invest in, but it’s important to do your research before making any purchase.
  5. 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.

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. By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector quality with solid interest. Well defined examples with little or no wear are eagerly sought. The top coin in the image remains bright silver as minted and never saw circulation.

Uncirculated coins with a grade of MS 65 can sell for around $1,300. One type of coin that you should be aware of is the extremely fine grade. This coin usually commands a higher price than other grades because it is in better condition than most coins. Also, if a coin is extremely fine, it will have a unique appeal. Another valuable grade is “uncirculated.” A silver dollar that is considered “uncirculated” has never been used in trade.

Along with a magnifying glass to get in close and recognize finer details separating grades. In the late 19th century, silver played a crucial role in American politics and economics. The “Free Silver” movement advocated for the unlimited coinage of silver to inflate the currency and help farmers and other debtors.

The most valuable are scarce deep mirror proof-like specimens worth an impressive $75,000 to $90,000. 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 1880 Morgan silver dollars have value as both numismatic coins and as silver bullion. In a nutshell, the appearance of your 1885 silver dollar can be affected by wear and tear, especially when it comes to scratches, stains, and dents. Dents can reduce a coin’s overall appeal and make it less appealing to collectors. Likewise, a heavily worn 1885 silver dollar will generally be worth less than one that remains in nearly pristine condition. Print the Coin Values Worksheet to list your Morgan silver dollars and record their values.

The 1880 CC silver dollar 8 over low 7 variation with the third reverse is worth around $250 in very fine condition. In uncirculated condition the price is around $525 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,550.

Neck feathers are now smooth in the center from head to chest. Legs of the eagle are also smooth with only slight details to sides of legs. Flatness is on tops of feathers and little evidence of merging is noted. Cotton leaves are smooth along the edges but are well defined from the cap. Tips of both wings on a mint state coin are rounded in profile with no flat spots, especially towards the ends.

In uncirculated condition the price is around $275 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $16,000. The 1880 O silver dollar is worth around $45 in very fine condition.

Leave a Reply

Your email address will not be published. Required fields are marked *