With so few minted originally and their uniqueness as the final date of the series, the collector demand for the 1885 Trade silver dollar remains white-hot. This continually drives record-breaking sale numbers whenever one of these fabled rarities appears at a major public auction. Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $150 to $1,500. Deep-proof like 1885-O silver dollars will fetch up to $14,000 for a PF67 specimen. 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.
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. With a partially lower mintage these coins also have an exceptionally thinkmarkets review low survival rate, the 1885 silver dollar stands out as one of the foremost rarities of the Morgan silver dollar series. Driven by immense collector demand and virtually no supply, authenticated specimens reach incredible values at auction and private sale.
Current estimates suggest maybe 650 or fewer survive, putting the survivor rate at approximately 75-85%. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding. Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one fxcm review more attempt in 1921. Nowadays, the 1885 silver dollar value is high due to the limited number on the market. With a mintage of only 228,000, the 1855-CC silver dollar is considered the rarest Morgan after the 1903-O silver dollar. A compromise was reached, and in 1878, the Bland-Allison Act authorized the U.S.
- 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.
- 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.
- Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921.
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. The Carson City Mint’s second act would be short; however, in 1893, the Mint struck its final gold and silver coins. As a result of the late release, 1885-O silver dollars are widely available in high grade.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. John Saechao is a respected California-based coin collector, known for his diverse and intricate collection. His lifelong passion for numismatics has shaped an impressive portfolio, spanning multiple eras and continents.
What makes an 1885 Morgan silver dollar rare?
Despite these coins being struck more than 130 years ago, circulated examples are still in good shape. Most surviving circulated examples are graded good to fine, but even these are worth coinmama exchange review good money. 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.
Silver Dollar Value Guides
Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces. 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. Lady Liberty’s left-facing portrait wearing a Phrygian cap features prominently on the obverse of the 1885 silver dollar. The Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893. The Mint stopped making the silver dollar in 1904 when the stockpile decreased. Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins.
These coins are gorgeous, solid, and, more importantly, contain 90% silver, a high-demand precious metal. 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. 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. Over a century old 1885 Morgan silver dollars are highly collectible and often pricey.
S silver dollar Value
Strike-through errors are the most common coin error and equally the most desirable as you can identify them with unaided eyes. Please check our grading guides to know your coin scale, It’s the necessary step to know the exact value of your coin. The words UNITED STATES OF AMERICA occupy the upper half of the coin’s inner rim on the reverse while the denomination, ONE DOLLAR, appears along the rim at the bottom.
Collector Demand and Market Values
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. 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.
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 best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000.
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.