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. Any silver dollar showing signs of a past cleaning runs the risk of being avoided and ignored by discerning collectors. Once cleaned, Morgan dollars lose approval to a large segment of potential collectors. It is a very nice 1885 silver dollar, lively and eye appealing, not the washed out look of a cleaned and processed coin.
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Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons. 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. Examples in mint states will fetch more, with one graded MS65 bringing as much as $1,450, while an MS68 specimen is worth up to $80,000. This highly collectible coin can be a good investment whether you want to sell or buy a piece.
This will help ensure the authenticity and condition of your coins, protecting your investment. 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. The Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. As is tradition, the coins from this mint did not have a mint mark.
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. In the 1960s and 1970s, the U.S. government sold millions of uncirculated Morgan silver dollars that had been sitting in Treasury vaults for decades. market value of u s. government debt This event, known as the GSA (General Services Administration) Hoard, released a flood of high-quality coins into the market, including many 1885-CC dollars.
- The initial silver dollar mintage was never too high because of the limited silver amount in the US Mint’s reserves.
- In typical grades of MS63 to MS64, the 1885-CC routinely sells for $800 to $1,000.
- 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.
- These areas are prone to wear and can help you determine the coin‘s grade.
- In circulated condition, expect between $37 and $325 for your 1885-S Morgan silver dollar, depending on the grade.
This is regrettable, since most of them have sharp strikes very good luster. While registered broker’s sales assistant job description many are flat in the center, sharply struck examples exist (at a premium). This date is common through MS66, due to the millions that spent their entire existence in bank bags. 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.
Silver Dollar Coin Value: How Much Is It Worth?
Because of their large size, silver dollars can receive and inflict nicks and scuffs. For your top condition and value coins, a range of appropriate holders are found at an area coin dealer. The cardboard and mylar «flips» the dealer uses in the display cases are suitable for many of your coins.
CC Morgan Dollar : A Collector’s Guide
The US Mint destroyed all error coins before releasing them into circulation as pieces that couldn’t meet technical requirements. Even though some collectors report a few errors, like obverse struck through, off-center, and micro-O error, the fact is that Morgan silver dollars typically came without imperfections. 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 influx of coins led the 1885-CC Morgan dollar to be treated as scarce, rather than rare.
Morgan Silver Dollar
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. With 17,787,000 produced Morgan silver dollars, stock market rebound orbear trap Philadelphia had the highest mintage in 1885. Despite that, even pieces in good condition are valuable, and you should set aside about $30 for one.
Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. The US minted the 1885 silver dollar with no mint mark and also the 1885 CC silver dollar, 1885 O silver dollar, and 1885 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath. Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars. All include value charts, alongside grading images to find the accurate value of your old dollars.
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