1885 Silver Dollar Learn the Value of This Coin

Rare examples in mint state are worth slightly more, with an MS65 bringing as much as $2,150 and a gem-quality MS67 fetching as much as $60,000. The New Orleans mint struck an estimated 9 million silver dollars in 1885. 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. 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 Obverse of the 1885 Silver Dollar

1. This highly collectible coin can be a good investment whether you want to sell or buy a piece.
2. A compromise was reached, and in 1878, the Bland-Allison Act authorized the U.S.
3. Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value.
4. Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth.
5. Many rare and valuable dates and mintmark combinations are found throughout the entire 1878 through 1921 history of Morgan silver dollars.

From your old pennies to gold coins, all US coin series are covered. Check value charts, identify mintmark locations and judge condition what is the difference between erp crm and scm using grading images… all combine to accurately discover the value of your old coins. 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. 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. In circulated condition, expect between $37 and $325 for your 1885-S Morgan silver dollar, depending on the grade.

What makes an 1885 silver dollar valuable?

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 auction record won a coin sold at Legend Rare Coin Auctions in 2015 for an incredible $39,950. Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth.

to 1865 Abraham Lincoln Dollar Coin Value (Errors List, “P” & “D”Mint Mark Worth)

The 1885 silver dollar has a reeded edge, while the inner rim features decorative ridges throughout the coin’s diameter. If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform. 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. At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins.

Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible. CoinTrackers.com is proud to deliver hand exploration & production sub 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.

In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar. This specimen was graded PF69 and was auctioned for an astonishing $92,000. 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. In this article, we explain everything you need to know about the 1885 silver dollar value.

You can expect between $560 and $785 for 1885-CC circulated silver dollars. 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. 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. For your top condition and value coins, a range of appropriate holders are found at an area coin dealer.

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 1885 Morgan silver dollar is valuable in the low grades, considering it is an old coin.

This highly collectible coin can be a good investment whether you want to sell or buy a piece. 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 Trading journal example 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. 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.

Uncirculated coins with a grade of MS 65 can sell for around $1,450. Many 1885 silver dollars are valuable in circulated and uncirculated condition due to the coin’s silver content. But, proof silver dollars and uncirculated 1885-CC silver dollars are the most valuable in the series because of their scarcity. 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. 228,000 Morgan silver dollars were minted in Carson City in 1885, making them valuable on the current coin market.

They typically cost $25 to $50, but top-notch pieces in the mint state can reach $200. 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. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Today there is a wide range of common to rare coin values found in your box of old coins.

Most 1885-S silver dollars were also highly circulated, making high-grade examples rare. 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. 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.