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. 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 reverse features an intricate design depicting an eagle with wings spread out wide. The school teacher Anna Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design. The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West.
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. Interestingly, most of these coins were not released into circulation and remained in the Treasury stockpile until the 1960s, when the remaining examples were released en masse.
History of the 1885 Morgan Silver Dollar
In its circulated condition, an 1885 no-mint mark dollar is worth between $33.50 and $63. These coins fetch more in their mint state, from $70 for a piece graded MS60 to $40,000 for gem-quality specimens graded MS69 and above. 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 1880 Morgan silver dollars have value as both numismatic coins and as silver bullion.
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. Assistant chief coin engraver, George Morgan, began drafting designs for the new silver coin in 1876, and by March of 1878, the coin’s production was already underway. At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. MS 65 Uncirculated condition- There is strong luster and eye appeal.
- Most surviving circulated examples are graded good to fine, but even these are worth good money.
- In uncirculated condition the price is around $180 for coins with an MS 60 grade.
- You should also know what makes a good investment before investing in 1885 Morgan Silver Dollars.
- Proof coins are often more valuable than regular issue coins because there is always some variation between them and their base or circulation issues.
The 1885 O silver dollar is worth around $45 in very fine condition. The 1885 CC silver dollar is worth around velocity trade $625 in very fine condition. In uncirculated condition the price is around $775 for coins with an MS 60 grade.
History, Information, and Value of 1885 Morgan Dollar
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. 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.
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 value of these rare coins depends on their condition and rarity. If there are multiple examples of an error coin, its value increases because it’s more likely that it’s a complete set. As the number of known examples increases, so does the amount of interest in that coin type.
What makes an 1885 silver dollar valuable?
Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value. 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 fx choice review from the current silver spot price of $22.73 per ounce. 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.
Very fine- About two thirds of Liberty’s hair lines lexatrade review from above her forehead her ear are visible.
We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars. Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars. All include value charts, alongside grading images to find the accurate value of your old dollars.
Uncirculated coins with a grade of MS 65 can sell for around $1,300. 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 coin usually commands a higher price than other grades because it is in better condition than most coins. Another valuable grade is “uncirculated.” A silver dollar that is considered “uncirculated” has never been used in trade. The hair at Liberty’s temple and coronet is typically where any worn metal first becomes visible in Morgan silver dollars. 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. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices.
The 1880 S silver dollar is worth around $45 in very fine condition. Uncirculated coins with a grade of MS 65 can sell for around $250. The 1880 O silver dollar is worth around $45 in very fine condition. In uncirculated condition the price is around $180 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $11,500.
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. The 1885 S silver dollar is worth around $50 in very fine condition. In uncirculated condition the price is around $375 for coins with an MS 60 grade.