The “extremely fine” quality is defined by minor design wear confined to the highest points. Only a few hair strands over Liberty’s temple and below her cap have been combined, so the overall effect is rather subtle. Additionally, cap folds may show traces of rubbing and have lost a little bit of their roundness. Basically, they’re coins that were struck during a design or production error. George T. Morgan, an engraver at the US Mint, would then create the next silver dollar for the country.

As you embark on your collecting journey, remember to educate yourself, seek out expert advice, and, above all, enjoy the thrill of the hunt for these timeless treasures. The 1885 Morgan silver dollar is a fascinating and valuable piece of American numismatic history. By understanding the historical context, grading standards, and market trends, collectors and investors can make informed decisions and build meaningful collections. The Morgan silver dollar series, named after its designer George T. Morgan, was born out of the Bland-Allison Act of 1878. This legislation required the U.S. government to purchase large quantities of silver and mint it into silver dollars, ultimately leading to the creation of the Morgan dollar. In this article, we explain everything you need to know about the 1885 silver dollar value.

The US Mint destroyed all error coins before releasing them into circulation as pieces that couldn’t meet what is cfd trading technical requirements. Plenty of 1885 S silver dollars were put into circulation right away. So, their value in circulated condition doesn’t differ much from coins minted in Philly or New Orleans. It would be the last year this Mint created these coins until production picked up again in 1889. Because these coins are so rare, the CC coins are among the most valuable in the 1885 dollar series—especially in circulated condition.

About Ned Ludd Coins

There are four different varieties of 1885 silver dollars, but only three of them have mint marks. A CC” mint mark stands for Carson City, an “O” stands for New Orleans, and an “S” is for San Francisco. The Philadelphia Mint did not put a mint mark on their issue of the 1885 silver dollar. In 1885, the San Francisco Mint created a little less than 1.5 million silver dollars. That makes it the series’ second lowest mintage for that year, just after Carson City.

Morgan Silver Dollar Errors

Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces. The most expensive proof Morgan struck this year is the one in a PR 69 grade sold in 2011 at Goldberg Auctioneers for an unbelievable $92,000. Yanni Stathopoulos, a gifted writer at FutureArtFair.com, specializes in art and collectible investments. With a passion for Animation, Brand/Graphic Design, and Illustration, Yanni offers a unique outlook on alternative investments. They expertly blend art and design knowledge with market insights, creating engaging content for FutureArtFair’s readers. In their free time, Yanni stays current with animation, design, and illustration trends.

• Likewise, a heavily worn 1885 silver dollar will generally be worth less than one that remains in nearly pristine condition.
• The rarity of the 1885 Morgan silver dollar depends on the location of the minting and the number of coins that were struck.
• You can expect to pay a hefty amount for the 1885 O Morgan silver dollar if they have a high grade.
• Learning about the features of the 1885 silver dollar can help you quickly determine if your coin might be valuable.

Rare 1885 Silver Dollar Error List

A coin is struck off-center when it is punched not in the exact center of the planchet, but closer to its edge. This error then leaves a part of the planchet blank, giving it a strange, off-center look. These areas include the hair right on top of Miss Liberty’s ear and eye, as well as the folds in her cap. You might also want to look at the scrawny eagle’s breast, which is very detailed. Whether you want to sell your coins, you’ll get a good price through our certified platform.

The Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector quality with solid interest. The top coin in the image remains bright silver as minted and never saw circulation.

Dime Value (Prices of Different Conditions)

Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins. But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM.

Because of this, it’s crucial to evaluate the coin’s value before investing. 1885 Morgan silver dollar in circulated condition can cost between $33 to hotforex broker $63, depending on its condition and the location where it was minted. Not many of these coins have survived; therefore, those in pristine condition are very rare, hence the price. The most valuable 1885 CC Morgan silver dollar in excellent condition can be worth between $75,000 and 90,000. The rarity of the 1885 Morgan silver dollar depends on the location of the minting and the number of coins that were struck. The most valuable and rarest 1885 Morgan silver dollar is struck in Carson City (CC) because of the low mintage-228,000.

Following the lead of collectors, examine the condition of your 1885 dollar closely. As you compare your coin to the images, a close match of its condition becomes apparent. This process determines the “grade” and using the above chart identifies an accurate value of your 1885 silver dollar. 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.

• Another valuable grade is “uncirculated.” A silver dollar that is considered “uncirculated” has never been used in trade.
• Even those in the worst condition cost something, thanks to the silver content.
• Mint system, Philadelphia was known for its consistent quality and high output.
• This legislation required the U.S. government to purchase large quantities of silver and mint it into silver dollars, ultimately leading to the creation of the Morgan dollar.
• When there are several instances of an error coin, it becomes more sought after because a full set is more likely, thus boosting its value.

In uncirculated conditions, these dollars are most common from grades MS63 to MS65, MS64 being the most plentiful within that range. The San Francisco Mint, established during the California Gold Rush, minted 1,497,000 Morgan silver dollars in 1885. Known for its high-quality strikes and attractive toning, the 1885-S is a favorite among collectors.

If the coin is worn and flattened in those areas, it’s probably a coin immediately put into circulation. And if you hit the jackpot of scoring an MS68+ 1885 (P) silver dollar, you will be looking at a whopping $40,000 for your coin. Strike-through errors are the most common coin error and equally the most desirable as you can identify them with unaided eyes. 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 Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but it outstaffing service a stock market crisis caused the Act to be repealed in 1893.

The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921. You can be sure your coin is fake if you spot any other year on the obverse. Chris McPherson is a lifelong collector turned shop owner who opened ChrisMcPherson’s Souvenir Shop in 2005. His passion is hunting one-of-a-kind artifacts and sharing the fascinating stories behind them.

But one of Morgan’s biggest achievements—by which people remember him most—is the Morgan silver dollar, which ran from 1878 to 1921. One of the most interesting issues of the iconic Morgan silver dollar is the 1885 run. It‘s worth noting that these values are not set in stone and can fluctuate based on market conditions, supply and demand, and other factors. As a collector or investor, it‘s essential to stay informed about current trends and auction results to make informed decisions. In the late 19th century, silver played a crucial role in American politics and economics.