Forex Trading
Value of 1885 Morgan Dollar Rare Silver Dollar Buyers
Millions upon millions of 1885-O Morgan dollars were still sitting in the vaults of the New Orleans Mint when it was shut down in 1909. Most of those uncirculated Morgan dollars ended up in storage vaults at the Philadelphia Mint. The US Treasury vaults in Washington also received many thousands of 1885-O Morgans in the bulk shipments of coins from New Orleans. 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.
Proof Silver Dollar Value
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.
7TF Rev. of ’78 Morgan Dollar Price Charts
Once cleaned, Morgan dollars lose approval to a large segment of potential collectors. The bottom coin in the image exhibits natural colorful toning. It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a cleaned and processed coin. First decide what method you will be using to indicate the amount of U.S. 90% silver dollars to calculate.
Major 1878 Morgan Dollar Reverse Varieties
While those in circulated condition typically cost under $200, rare coins in the mint state always reach significant sums. As you can see, the value of an 1885 Morgan silver dollar can vary greatly depending on its condition and mint mark. The 1885-CC, with its low mintage and historical significance, commands the highest prices across all grades. The 1885-S, known for its quality and eye appeal, also fetches a premium, particularly in higher Mint State grades.
Morgan Silver Dollar Value
- If the fake Morgan is made of aluminum, this test will fail.
- 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.
- You might be glad to discover that the 1885 silver dollar is worth more than face value.
- The 1885 CC silver dollar is worth around $625 in very fine condition.
- Each mint variety is valued by demand on supplies and condition of the coin.
- In uncirculated condition the price is around $100 for coins with an MS 60 grade.
Two dates standout as very scarce and valuable, 1893 a low of 300,000 coins minted and 1895 another unusually low 450,000 coined. Both are avidly sought and demand on the limited numbers show in premium values on the chart. In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. 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.
Besides coins from the regular strike, the Philadelphia mint produced 930 Morgan silver dollar proofs in 1885. Their price goes from $1,000 to $15,000 on the coin market, but rare pieces in PR 67 grade with cameo contrast are worth up to $25,000. 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.
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.
You should also check for the mint mark location, font size and strike, which tend to be off in fake silver dollars. In circulated condition, expect between $37 and $325 for your 1885-S Morgan silver dollar, depending on the grade. 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. 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. The survived 1885 Morgan silver dollars of 9,185,000 produced in New Orleans typically cost $30 to $60, depending on the degree of wear. On the other hand, pieces in the mint state are expensive and cost $55 to $1,175, depending on the preservation level.
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.
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 pepperstone broker 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.
Above the band are wheat heads with easily recognizable grains and leaves. Cotton bolls and cotton leaves within the design, are also well detailed. A standing eagle on the reverse with wings upright is a strong symbol of national pride and National bird. A preference for peace is represented by an olive branch and ability to defend is noted by the eagle holding three arrows. Although these are wholesale Morgan silver dollar values, realize your coins are very popular and in strong demand.
The school teacher Anna Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design. The Morgan dollar resulted from the Free Silver coinage movement. The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921. You can be sure your coin is fake if you spot any other year on the obverse.
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. Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value. The American Silver Eagle one troy oz bullion coin was the first U.S. coin with the denomination of $1 to present a bald eagle with the correct dozen tail feathers. The 2000 Sacagawea dollar was the first circulating dollar to have the correct number of tail feathers.
In certain circumstances, the mint mark may raise the value, while in other circumstances, a no-mint-mark mistake may do so. Selling coins for the highest price is achieved with planning. Research and organize well, value your coins accurately, and then finding https://forex-reviews.org/coinsmart/ and selling to the right buyer equals excellent results. A step by step method combined with the coin value online guide identifies how to value a coin collection. If a mark, scratch, or rim bruise is noticeable, it immediately lowers eye appeal.
Now that we‘ve explored the historical context and importance of grading let‘s take a closer look at the current market value of 1885 Morgan silver dollars. The following table provides a comprehensive overview of prices for various grades and mint marks, based on recent auction results and dealer listings. 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. 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.
This contentious issue divided the nation and shaped the political landscape of the time. Examples in mint states will fetch more, with one graded MS65 bringing as much as $1,600, while an MS68 specimen is worth up to $80,000. This highly collectible coin can be a good investment whether you want to sell or buy a piece. The motto E PLURIBUS UNUM appears at the top around the coin’s rim while the date, 1885, is imprinted at the bottom. According to Morgan, Anna’s Greek profile was perfect for the new silver coin, but back then, it was considered disgraceful for a woman to pose as a model.
Most of the Morgans where this can be seen only show four of the original eight feathers. Those that clearly show five of the eight sell at a premium. The Morgan silver dollar was introduced in 1878, to comply with the Bland-Allison Act. It would be struck annually from 1878 to 1904, https://broker-review.org/ then one last time in 1921. In this article, we will determine the value of the 1885 silver dollar and teach you everything you need to know about this coin. Professional evaluation of many dates within the Morgan dollar series is important because of potential high value.
Many of the leaves of the wreath are flattened into groups but the wreath is complete in outline, no merging with the field. Liberty’s portrait is well outline and somewhat bold from the field of the coin. Leaves of the wreath are well detailed, merging of edges is minimal. Some blending of feather lines is seen on the left wing, confined towards the top.
This date is common through MS66, due to the millions that spent their entire existence in bank bags. The value of the coin might, and frequently does, depend on whether a mint mark is present. However, as every coin is unique, there is no established rule of thumb for this.
If the fake Morgan is made of aluminum, this test will fail. Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find several die variations to pursue from 1885. Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value.
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 1885 S silver dollar is worth around $50 in very fine condition.
Collected today by date and mintmark, collectors form sets including each year and mint. Each combination is valued separately because of availability, many are highly valued. Further judgement of condition and surface preservation is needed to narrow how much a Morgan silver dollar is worth.
It is an excellent index with images and text links to all coin series, from Cents to Gold. Value charts, grading images and a step by step procedure uncovers how much your box of old coins is worth. Carson City mint used a “CC” mintmark to identify its production. On the reverse under the bow tying the olive wreath a “CC” mintmark is a Carson City silver dollar. One of the features of the Morgan dollar is the fine detail throughout the design. Liberty is adorned with a Liberty cap and band with “Liberty” inscribed.
You will also notice the mint marks CC( Carlson City), O (New Orlean), and S (San Francisco) just above the D in DOLLAR on the reverse. The reverse features an intricate design depicting an eagle with wings spread out wide. The inscriptions UNITED STATES OF AMERICA and ONE DOLLAR struck along the rim surround a centrally positioned eagle with spread wings.
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.
New Orleans mint was also a great contributor to the Morgan dollar series. Striking coins in all but two years, its coinage total was second of the mints. Striking millions of silver dollars most years, just over 186 million coins were produced.
The auction record won a coin sold at Legend Rare Coin Auctions in 2015 for an incredible $39,950. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. A published writer, Steven’s coverage of precious metals goes beyond the daily news to explain how ancillary factors affect the market.
The mint mark, when present, can be found on the reverse side of the coin below the wreath. Your final four options allow you to calculate the melt value of your U.S. silver dollars by weighing them. You can choose to weigh by either ounces, pounds, grams, or kilograms. Just enter a whole number or decimal representing the total weight in the appropriate weight text box. If you are weighing your silver dollars inside a container or bag, be sure to subtract the weight of your container first.
Uncirculated coins with a grade of MS 65 can sell for around $500. The 1885 silver dollar with no mint mark is worth around $45 in very fine condition. Uncirculated coins with a grade of MS 65 can sell for around $245.
He is a lifetime member and certified numismatic coin grading specialist at the American Numismatic Association. George T. Morgan, an engraver at the US Mint, would then create the next silver dollar for the country. Young school teacher Anna Williams acted as the model for the Morgan silver dollar’s obverse Lady Liberty design. He changed her picture on the coin, making her look middle-aged.
Uncirculated coins with a grade of MS 65 can sell for around $350. The 1880 S silver dollar 80 over 79 variation is worth around $45 in very fine condition. In uncirculated condition the price is around $80 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $250. The 1880 S silver dollar is worth around $45 in very fine condition. The 1880 O silver dollar 80 over 79 variation is worth around $55 in very fine condition.
In uncirculated condition the price is around $850 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,000. The 1880 CC silver dollar 80 over 79 variation with the second reverse is worth around $300 in very fine condition. In uncirculated condition the price is around $1,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,500.
Proof and prooflike examples of this issue may have greater or lesser “finest known” and different record auction prices. Michael graduated with top honors from the esteemed Numismatic Studies program at Grand Valley State University. Michael’s dedication, expertise, and passion for American history define his numismatic career.