1885 Morgan Silver Dollar Values and Prices Past Sales
Factors such as toning, strike sharpness, and eye appeal can also influence a coin‘s perceived value within a given grade. 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.
Coin Values
If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM. The most expensive Morgan minted this year also came from the Carson City mint. This coin in an MS 68+ grade was paid $135,125 at Legend Rare Coin Auctions in 2015. 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.
- Learning about the features of the 1885 silver dollar can help you quickly determine if your coin might be valuable.
- These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks.
- In the late 19th century, silver played a crucial role in American politics and economics.
- For your top condition and value coins, a range of appropriate holders are found at an area coin dealer.
- We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars.
Philadelphia Mint (No Mint Mark)
As you compare your coin to the images, a close match of its condition becomes apparent. This process determines the “grade” and using the above chart identifies an accurate value of your 1885 silver dollar. 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 Dollar Value Guides
The dispersal of the the little book that still beats the market Redfield Hoard through auctions in the 1970s and 1980s had a significant impact on the market for these coins. When grading 1885 Morgan silver dollars, pay close attention to the high points of the design, such as Liberty‘s cheekbone, hairline, and the eagle‘s breast and wing tips. These areas are prone to wear and can help you determine the coin‘s grade. One of the most critical factors in determining the value of an 1885 Morgan silver dollar is its condition, as assessed by the coin 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.
The last 1885-CC Morgans were sold in the GSA Morgan dollar sale of 1980. 1885 did not mark the end of the Carson City Mint or its production of silver dollars. In 1889, the Treasury Department reversed course, and coinage resumed. In 1890, the Carson City Mint struck the most Morgan Dollars in the branch mint’s history.
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 How to buy icon holders, remain popular with collectors today. 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.
Prooflike and Deep proof-like examples are accessible in the open axes broker 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. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry.