The Morgan silver dollar was made from 1878 to 1904 and then again in 1921. It was the first silver dollar ever produced after the Coinage Act of 1873, which prohibited the free coining of silver. If you are attempting to determine a price for a coin that is more than 100 years old, you must look no further than the condition the coin is in and type of coin. The US Mint produced different types of Morgan Silver Dollar every year, so knowing the type of coin you own will help you when it comes to determining a price.
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 PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories.
- In certain circumstances, the mint mark may raise the value, while in other circumstances, a no-mint-mark mistake may do so.
- Proof coins are unique coins that represent a limited amount of precious metal.
- Though these coins have since been taken off the production lines, they remain extremely popular amongst collectors from both the US and abroad.
- Most surviving circulated examples are graded good to fine, but even these are worth good money.
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. 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. This coin has sentimental and historical value for every collector, hence its average price is always more than the silver content of the coin.
Silver Dollar
You should also know what makes a good investment before investing in 1885 Morgan Silver Dollars. This will help you figure out if an investment is worth your time and money. In a nutshell, the appearance of your 1885 silver dollar can be affected by wear and tear, especially when it comes to scratches, stains, and dents.
There are a number of reasons why Morgan Silver Dollars are so popular. First, silver is an attractive metal that has many practical uses. 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.
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 which best describes the difference between preferred and common stocks or warranty concerning the accuracy or reliability of the information contained herein. Now that you know the value of your coins, do you know where to sell those coins online easily?
O Strike Through Silver Dollar Error
Our articles and insights are uniquely original, created by human intellect rather than AI algorithms. Our commitment to originality ensures our content remains engaging, never a regurgitation of recycled or appropriated information. When locked, you will be scrolled directly to this table for all coins. In addition to being valuable, error coins are fun to collect because you can see something unexpected on each one you own.
Specs & Design
The reason for this is due to the fact that, during their time in circulation, these coins were subjected to innumerable sources of wear and tear. For collectors, this is why it is important to assess the condition of a coin before ever committing to a purchase. In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar.
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. 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. 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.
Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins. The influx of coins led the 1885-CC Morgan dollar to be treated as scarce, rather than rare. The heavy bagmarks on most of the coins did not help their popularity. The last 1885-CC Morgans were sold in the GSA Morgan dollar sale of 1980.
The coin has luster, but there may be a few stains, abrasions, or surface marks. When it comes to well-preserved Seated Liberty Dollars you can expect to pay anywhere from a few hundred dollars to as much as $2,000. The drastic price variance has to do with the rarity of the coin in question. Many Mint State 1885-CCs suffered from storage, and their train ride from Nevada to Washington DC. The copious bag marks prevent these coins from getting a higher grade.
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 https://bigbostrade.com/ 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.
What makes an 1885 silver dollar valuable?
Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. Proof coins are often more valuable than regular issue coins because there is always some variation between them and their base or circulation issues. The main reason for this is that proof coins are meant to be perfect examples of their corresponding types. Since each proof coin is minted in a small quantity, it will have less variation than its base or circulation issues. Therefore, if you have a scarce proof coin, you can be sure that it is an exceptional specimen that has not been tampered with. Because of their popularity, Morgan silver dollars are prone to countgerfeiting.
Even those in circulated condition cost $450 to $660, while pieces in perfect condition often reach a price of $600 to $8,400. In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. 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.
The 1876 half dollar with no mint mark is worth around $50 in good condition. In uncirculated condition the price is around $475 for coins with an MS 60 grade. One type of coin that you should be aware of is the extremely fine grade.