1885 Silver Dollar Coin Value Rare Errors, O, S, CC and No Mint Mark
Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find several die variations to pursue from 1885. 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, https://www.day-trading.info/ pros, and cons. 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. 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 best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000. Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces. Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921. Nowadays, the 1885 silver dollar value is high due to the limited number on the market.
proof silver dollar Value
Rare examples in mint state are worth slightly more, with an MS65 bringing as much as $2,900 and a gem-quality MS67 fetching as much as $62,500. The New Orleans mint struck an estimated 9 million silver dollars in 1885. Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry.
- 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.
- 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.
- As such, there aren’t many Morgan silver dollar errors in circulation.
- We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars.
That year, only 903 proof silver dollars were struck, making examples extremely rare and valuable. Values for these proof coins range from $1,250 to $40,000, but cameo and deep cameo examples can fetch as much as $51,000 and $75,000, respectively. Since the Carson City mint produced 228,000 Morgan silver dollars in 1885, surviving pieces in the mint state are rare. The most valuable are scarce deep mirror proof-like specimens worth an impressive $75,000 to $90,000. 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.
What is the most pricey Morgan silver dollar?
The CCG Companies make no representation or warranty concerning the accuracy or reliability of the information contained herein. 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. 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. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921.
For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. Many 1885 silver dollars are valuable https://www.topforexnews.org/ 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 scarcity.
You can expect between $440 and $735 for 1885-CC circulated silver dollars. 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.
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. In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar. This specimen was graded PF69 and was auctioned for an astonishing $92,000.
Other features of the 1885 Morgan silver dollar
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. 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. Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. In circulated condition, expect between $35.50 and $200 for your 1885-S Morgan silver dollar, depending on the grade.
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 https://www.forexbox.info/ 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.
Circulated coins, on the other hand, will show unmistakable signs of wear on the high points. The details, high points and fields will be smooth on low-grade circulated examples and slightly more visible as you go up the grading scale. Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin. You might be glad to discover that the 1885 silver dollar is worth more than face value. This coin in circulated condition is worth at least its weight in silver. This melt value is calculated from the current silver spot price of $24.25 per ounce.
Treasury to buy silver bullion worth 2-4 million dollars each month at the prevailing market price. The coin has luster, but there may be a few stains, abrasions, or surface marks. Metal composition – You can hardly notice a difference in silver content with the naked eye. However, you can check your coin’s magnetic characteristics since silver is not a magnetic metal. 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.
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 Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
Even those in circulated condition cost $450 to $660, while pieces in perfect condition often reach a price of $600 to $8,400. The NGC US Coin Price Guide shows average dealer retail prices based on actual, documented transactions and other information reported by collectors, dealers and auction houses for NGC-certified coins. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices.
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. In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces. 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.
