Circling the rim of the obverse side of the 1885 silver dollar is the motto of the United States of America, “E Pluribus Unum” at the top and the year “1885” at the bottom. As is often the case with Morgan dollars, the 1885-CC was once thought to be exceptionally rare until the U.S. Treasury started releasing mint-sealed bags in the 1940s and 1950s and selling more later in the GSA Hoard sales of the 1970s and 1980s. On the reverse side of the coin, you will need to look for small die chips on the inside of both “C” in the mint mark. This is a relatively easy error to tell from just looking at your coin. The design of your coin will be off-center in a certain direction.
History of the 1885 Silver Dollar
- A few light contact marks are present but they are barely noticeable.
- Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces.
- However, their rarity means their value is high, so if you do own one or want to buy one to resell, consider yourself a winner.
Therefore, they hold the unusual title of being the rarest circulated grade Morgan dollar series. The Morgan silver dollar saw minting from 1878 to 1904, for 1 year in 1921 and then returned in 2021 as collectible proof coins. 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.
Proof Silver Dollar Value
It was the first silver dollar ever produced after the Coinage Act of 1873, which prohibited the free coining of silver. US coin collecting is a fascinating hobby and a great place to start a collection that can grow over time. There are many reasons why someone would want to collect US coins. First of all, it is a great way to learn about American history by inspecting the coins and learning about the period they were minted. The coin has luster, but there may be a few stains, abrasions, or surface marks.
Value of 1885-CC Silver Morgan Dollar
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 fxtm forex broker review worth up to $25,000. 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.
They are collectible, thanks to their age and uniqueness, plus they are an excellent investment because of their silver content and stable value. By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector quality with solid interest. Well defined examples with little or no wear are eagerly sought. The top coin in the image remains bright silver as minted and never saw circulation.
Grading Morgan silver dollars involves examining the high points on review broker binary.com the obverse and reverse for signs of wear. The 1885 Morgan silver dollar is valuable in the low grades, considering it is an old coin. They typically cost $25 to $50, but top-notch pieces in the mint state can reach $200. 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.
As such, it is widely viewed as an investment worth holding onto. While other silver coins look similar to one another, Morgan Silver Dollars have a distinct look that sets them apart. Coins with attractive, natural toning are highly sought after by collectors. Carson City (CC) mint coins are particularly valuable due to their low mintage and the mint’s historical significance.
Morgan Dollar’s produced in 1885 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. CoinTrackers has built a tool that will let you know if your coin is silver or not. 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. Basically, they’re coins that were struck during a design or production error.
The US Mint destroyed all error coins before releasing them into circulation as pieces that couldn’t meet technical requirements. 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.
S Morgan Dollar MS-62 PCGS
As is tradition, the coins from this mint did not have a mint mark. All Morgan silver dollars produced from 1878 to 1904, particularly those minted in the 19th century, are highly collectible and desirable among collectors nowadays. The initial silver dollar mintage was never too high because of the limited silver amount in the US Mint’s reserves. 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.
- There are many reasons why someone would want to collect US coins.
- By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector quality with solid interest.
- Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
- With auctions, coins may sell for abnormally low prices or reach record highs, and this can mean coin values fluctuate from month to month as those numbers update.
Uncirculated arum capital forex broker review coins with a grade of MS 65 can sell for around $2,000. The 1885 O silver dollar is worth around $48 in very fine condition. Uncirculated coins with a grade of MS 65 can sell for around $215. The 1885 CC silver dollar is worth around $625 in very fine condition. In uncirculated condition the price is around $775 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,450.
The Value of Proof 1885 Morgan Silver Coins
This error occurs when the planchet or die is misaligned during the striking process. A key feature to look for when determining if you have a prooflike or a deep (mirror) prooflike coin is if it has a mirrored field. Higher mint-state grades from San Francisco come in more valuable. 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. This highly collectible coin can be a good investment whether you want to sell or buy a piece.
There are also cameo and ultra/deep cameo versions of the proof coin. Proof versions are also rarer and valuable as fewer were minted, and thus fewer survived. 1885 is not a particularly rare year for the Morgan dollar series, especially those minted in Philadelphia. The U.S. Mint minted over 28 million dollar coins in Philadelphia, Carson City, New Orleans, and San Francisco. 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.
