But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest. For Morgan Silver Dollar collectors, 1885 was a quiet year – there are no major attributed die varieties, and only the Carson City issue, as usual for the Morgan Dollar series, presents any significant challenge. Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find several die variations to pursue from 1885. Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series.

Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry. As such, large quantities of these coins sat in bags at the Treasury vaults, most released in the 1960s. 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.

$5 Dollar Bill Value: Rare Series, History & Error Worth

The top coin in the image remains bright silver as minted and never saw circulation. Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value. Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. In 2011, Goldenberg Auctioneers sold what is https://www.fx770.net/ believed to be the most expensive 1885 proof silver dollar. This specimen was graded PF69 and was auctioned for an astonishing $92,000. Due to the high demand to produce millions of silver dollars, the Treasury engaged the mints in Philadelphia, San Francisco,  Carson City, and New Orleans to strike the new Morgan silver dollars.

The Mint stopped making the silver dollar in 1904 when the stockpile decreased. MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable. Census / Population Reports only reflect the quantities and types of collectibles previously graded by the CCG Companies, and are not an indicator of value or rarity. This Report is provided as a resource for hobbyists’ informational use only and should not be relied upon for the purpose of making a purchase or an investment. The CCG Companies make no representation or warranty concerning the accuracy or reliability of the information contained herein.

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. 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. 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.

New Orleans (O) Silver Dollar Value

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. Many rare and valuable dates and mintmark combinations are found throughout the entire 1878 through 1921 history of Morgan silver dollars. With a minimum value of $22.10 and rising from there, accurately determine how much your rare silver coins are worth. As a result of the late release, 1885-O silver dollars are widely available in high grade. Despite these coins being struck more than 130 years ago, circulated examples are still in good shape.

1. These coins are gorgeous, solid, and, more importantly, contain 90% silver, a high-demand precious metal.
2. You might be glad to discover that the 1885 silver dollar is worth more than face value.
3. Many 1885 silver dollars are valuable in circulated and uncirculated condition due to the coin’s silver content.
4. Following the lead of collectors, examine the condition of your 1885 dollar closely.

This process determines the «grade» and using the above chart identifies an accurate value of your 1885 silver dollar. The 1885 Morgan silver dollars have value as both numismatic coins and as silver bullion. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. Therefore, the PCGS3000® should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin.

Where to Sell Your 1885 Silver dollar ?

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. Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. When locked, you will be scrolled directly to this table for all coins. This highly collectible coin can be a good investment whether you want to sell or buy a piece.

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. Lady Liberty’s left-facing portrait wearing a Phrygian cap features prominently on the obverse of the 1885 silver dollar.

Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. 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.

Uncirculated coins with a grade of MS 65 can sell for around $2,000. The 1885 O silver dollar is worth around $45 in very fine condition. The 1885 CC silver dollar is worth around $625 in very fine condition.

However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth. The coin has luster, but there may be a few stains, abrasions, or surface marks. This coin in circulated condition is worth at least its weight in silver.

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. Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value.

With so many mint state coins readily available, collectors typically focus on the scarce circulated grades, such as the 1885-CC and 1885 Proof silver dollars. Because of their popularity, Morgan silver dollars are prone to countgerfeiting. You can look for some things to ensure your 1885 silver dollar is real. First, your coin should weigh about 26.73g, not significantly more or less. Use a pair of callipers to ensure the diameter and thickness are accurate. You should also check for the mint mark location, font size and strike, which tend to be off in fake silver dollars.

In its circulated condition, an 1885 no-mint mark dollar is worth between $33.50 and $63. 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. Today there is a wide range of common to rare coin values found in your box of old coins. From your old pennies to gold coins, all US coin series are covered. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.