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 One Good Trade scarcity. That year, only 930 proof silver dollars were struck, making examples extremely rare and valuable. Values for these proof coins range from $1,375 to $37,500, but cameo and deep cameo examples can fetch as much as $60,000 and $80,000, respectively.
In this article, we explain everything you need to know about the 1885 silver dollar value. We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars. The coin has luster, but there may be a few stains, abrasions, or surface marks.
Value of 1885 Silver Morgan 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. 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.
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.
Most Valuable
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. The Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. As https://forexanalytics.info/ is tradition, the coins from this mint did not have a mint mark.
With a mintage of only 228,000, the 1855-CC silver dollar is considered the rarest Morgan after the 1903-O silver dollar. The 1885 silver dollar has a reeded edge, while the inner rim features decorative ridges throughout the coin’s diameter. Learning about the features of the 1885 silver dollar can help you quickly determine if your coin might be valuable. A compromise was reached, and in 1878, the Bland-Allison Act authorized the U.S. Treasury to buy silver bullion worth 2-4 million dollars each month at the prevailing market price. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.
No-Mint Mark Silver Dollar Value
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. Because of their popularity, Morgan silver dollars are prone to countgerfeiting.
- Deep-proof like 1885-O silver dollars will fetch up to $12,500 for a PF67 specimen.
- This melt value is calculated from the current silver spot price of $28.87 per ounce.
- However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth.
- Morgan silver dollars, including those struck in 1885, have the reputation of being perfectly struck.
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.
Key to 1885 Morgan Silver Dollar Value is Judging Condition
This process determines the “grade” and using the above chart identifies an accurate value of your 1885 silver dollar. 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. 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.
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 school teacher Anna Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design.
Despite these coins being struck more than 130 years ago, circulated examples are still in good shape. In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. In its circulated condition, an 1885 no-mint mark dollar is worth between $32 and $70.
Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy. Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value. However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth. 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.
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 $27.06 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. 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.
Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find several die variations to pursue from 1885. 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. 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. CoinTrackers has built a tool that will let you know if your coin is silver or not. MS 65 Uncirculated condition- There is strong luster and eye appeal.