The 1885 silver dollar with no mint mark is worth around $49 in very fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $190.
Rarity Factors and Value Drivers
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. Four mints struck 28,697,767 Morgan silver dollars in 1885. Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces. One of the most critical factors in determining the value of an 1885 Morgan silver dollar is its condition, as assessed by the coin Best forex courses 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.
Grading System
The 1885 Morgan silver dollar is a fascinating and valuable piece of American numismatic history. By understanding the historical context, grading standards, and market trends, collectors and investors can make informed decisions and build meaningful collections. This will help ensure the authenticity and condition of your coins, protecting your investment. LaVere Redfield, a reclusive millionaire from Reno, Nevada, accumulated over 400,000 silver dollars during his lifetime.
- Well defined examples with little or no wear are eagerly sought.
- The following table provides a comprehensive overview of prices for various grades and mint marks, based on recent auction results and dealer listings.
- The engraver used an image of a Philadelphia school teacher for inspiration.
- New Orleans coins often have weaker strikes, making well-struck examples more desirable.
- Elegant, shiny, and heavy Morgan (Liberty Head) silver dollars are unique US coins minted from 1878 to 1904 and later in 1921.
Are 1885 Morgan Silver Dollars Silver?
A few light contact marks are present but they are barely noticeable. Currently your 1885 Morgan silver dollar value is $46.19. However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth.
Specs & Design
Coins from this southern branch mint often exhibit a distinctive appearance, with softer strikes and more muted luster than their Philadelphia counterparts. For Philadelphia and New Orleans mints, coins in MS65 or above become scarce and valuable. New Orleans coins often have weaker strikes, making well-struck examples more desirable. Proof-like and deep mirror proof-like surfaces can significantly increase value, especially for Philadelphia mint coins. The year 1885 saw continued production of Morgan Dollars, with three mints contributing to the coinage. The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention.
🏆 Why Collectors Love the 1885 Morgan Silver Dollar
The inscriptions UNITED STATES OF AMERICA and ONE DOLLAR struck along the rim surround a centrally positioned eagle with spread wings. 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. 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. This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm.It’s edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper. If you have any other coins in your collection and want to identify them, here’s an app for you.
Bag marks and other surface imperfections can significantly reduce value, particularly in higher grades. Additionally, collectors welcome coins with original surfaces. Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors. 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.
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. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
Coin Condition & Grading
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. Professional numismatist and data expert applying predictive analytics to coin markets. Developed AI models for Coin ID Scanner, boosting reliability in coin identification and global collector engagement. For its exceptional rainbow toning, the coin earned the nickname “WOW” coin among collectors.
Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
- Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
- Easy to use and inexpensive they are a good solution to safe storage and preserving value.
- After his death in 1974, his hoard was discovered, which included many 1885 Morgan dollars from all four mints.
- For your top condition and value coins, a range of appropriate holders are found at an area coin dealer.
- Factors such as toning, strike sharpness, and eye appeal can also influence a coin‘s perceived value within a given grade.
The 1885 Silver Dollar is not only a beautiful piece of art—it is a valuable relic of 19th-century monetary history. The US minted the 1885 silver dollar with no mint mark and also the 1885 CC silver dollar, 1885 O silver dollar, and 1885 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
This shows just how widely the 1885 Dollar Coin Value can vary. Especially 1885-CC Silver Dollars—which are the most sought-after of the bunch—command premium prices. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points.