1885 Morgan Silver Dollar
The 1885 Morgan Silver Dollar had a massive total mintage at the Philadelphia Mint with over 17 million coins struck. The 1885 Morgan Dollar is composed of 90% Silver and 10% Copper, and is one of the most famous United States coin series ever minted. This coin is common and easy to find generally in circulated and uncirculated grades. Continue reading to learn more about 1885 Morgan Silver Dollar Value.
AUCTION RECORD: $39,950 • MS68+
Image source: PCGS
History of the 1885 Morgan Dollar
The 1885 Morgan Silver Dollar worth isn’t as high or sought after as some of the other coins in the Morgan Dollar series. Very little attention has been paid to the 1885 Morgan Silver Dollar, especially circulated grades that don’t have a lot of value above “melt” prices. Much of the attention from collectors is on Mint State coins from the 1885 Morgan Dollar minted in Philadelphia.
1885 Morgan Silver Dollar Value
The 1885 Morgan Silver Dollar is typically well-struck, and worth doing a little searching for that perfect coin. With over 17 million coins minted of this specific date and location, you will have plenty of options to choose from to add to your collection. The 1885 Morgan Silver Dollar value ranges from less than a hundred dollars to upwards of the tens of thousands.
Type of coin: Silver Dollar
Year: 1885 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage:17,786,837
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 26.73 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1885 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1885 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Varieties and recognized errors can also significantly impact its value.
How much is a typical 1885 Morgan Silver Dollar worth?
A typical 1885 Morgan Silver Dollar in circulated condition might be worth around $25 to $50. Uncirculated examples, depending on their grade, can fetch from $50 to several hundred dollars.
What is the value of an 1885-O Morgan Silver Dollar?
The 1885-O Morgan Silver Dollar, minted in New Orleans, is known for its high-quality strikes and luster. Its value can range from about $50 in lower uncirculated grades to over $200 for MS65 examples, with particularly pristine coins fetching higher prices.
Are there any rare varieties of the 1885 Morgan Silver that significantly impact its value?
While the 1885 Morgan Silver Dollar itself is not known for particularly rare varieties, the mint mark (e.g., "O" for New Orleans, "CC" for Carson City, "S" for San Francisco) can affect its value. The "CC" mint mark, in particular, is highly sought after by collectors due to the Carson City Mint's historical significance.
What is the highest grade and value achieved by an 1885 Morgan Silver Dollar?
The highest grades for an 1885 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for well-preserved Carson City (CC) mint examples or coins with exceptional eye appeal.
How does the mint mark affect the 1885 Morgan Silver Dollar value?
The mint mark on an 1885 Morgan Silver Dollar significantly affects its value. Coins minted in Carson City (CC) are often more valuable due to their lower mintage numbers and popularity among collectors, compared to those from Philadelphia (no mint mark), New Orleans (O), or San Francisco (S).
Can the silver content of the 1885 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1885 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value.
Where is the best place to sell an 1885 Morgan Silver Dollar?
The best places to sell an 1885 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Authenticity and condition are key to achieving the best price.
What should collectors look for when purchasing an 1885 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, any notable varieties, and overall eye appeal. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1885 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1885 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
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