Value of 1885-O Morgan Dollar Rare Silver Dollar Buyers

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. The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention. Following Best etf to day trade the lead of collectors, examine the condition of your 1885 dollar closely.

Philadelphia Mint (No Mint Mark)

It is important to understand the factors that affect the value of Morgan silver dollars. The New Orleans Mint, which had a storied history dating back to the antebellum period, struck 9,185,000 Morgan silver dollars in 1885. Coins from this southern branch mint often exhibit a distinctive appearance, with softer strikes and more muted luster than their Philadelphia counterparts. Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $110 to $5,000. Deep-proof like 1885-O silver dollars will fetch up to $12,500 for a PF67 specimen. Morgan silver dollars are some of the most collectible in the history of United States coinage.

SELLING YOUR PRECIOUS METALS

Elegant, shiny, and heavy Morgan (Liberty Head) silver dollars are unique US coins minted from 1878 to 1904 and later in 1921. They are collectible, thanks to their age and uniqueness, plus they are https://www.forex-world.net/ an excellent investment because of their silver content and stable value. All Morgan silver dollars produced from 1878 to 1904, particularly those minted in the 19th century, are highly collectible and desirable among collectors nowadays.

The 1885 Morgan dollar is your typical common date coin of the series. Strike-through errors are the most common coin error and equally the most desirable as you can identify them with unaided eyes. Interestingly, most of these coins were not released into coinsmart review circulation and remained in the Treasury stockpile until the 1960s, when the remaining examples were released en masse.

• Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value.
• Use a pair of callipers to ensure the diameter and thickness are accurate.
• 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.
• After his death in 1974, his hoard was discovered, which included many 1885 Morgan dollars from all four mints.
• According to Morgan, Anna’s Greek profile was perfect for the new silver coin, but back then, it was considered disgraceful for a woman to pose as a model.
• George T. Morgan, an engraver at the US Mint, would then create the next silver dollar for the country.
• There are a number of reasons why Morgan Silver Dollars are so popular.

Value of 1885-S Silver Morgan Dollar

These coins, which were sold in special GSA holders, remain popular with collectors today. Now that we‘ve explored the historical context and importance of grading let‘s take a closer look at the current market value of 1885 Morgan silver dollars. The following table provides a comprehensive overview of prices for various grades and mint marks, based on recent auction results and dealer listings. Many 1885 silver dollars are valuable in circulated and uncirculated condition due to the coin’s silver content. But, proof silver dollars and uncirculated 1885-CC silver dollars are the most valuable in the series because of their scarcity.

• The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention.
• The main reason for this is that proof coins are meant to be perfect examples of their corresponding types.
• Their intrinsic value lies in their silver content, making them desirable among collectors.
• By understanding the historical context, grading standards, and market trends, collectors and investors can make informed decisions and build meaningful collections.
• Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin.
• As the number of known examples increases, so does the amount of interest in that coin type.

Morgan Silver Dollar Coin Value (Errors List, “CC”, “O”, “S” & No Mint Mark Worth)

On average, 1885 Morgan silver dollars can cost as little as $17 or as much as $2000. Because these coins are over a century old, their value is largely determined by their condition. Furthermore, proof and error coins are typically more valuable, with auction records reaching $100,000. In the 1940s and 1950s, Texas casino owner Ted Binion amassed a massive collection of silver dollars, including many 1885 Morgans.

The hair at Liberty’s temple and coronet is typically where any worn metal first becomes visible in Morgan silver dollars. In addition to the regular strike of 1885 silver dollars, the Philadelphia mint produced proof coins specially struck for collectors. 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. 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.

With a minimum value of $29.32 and rising from there, accurately determine how much your rare silver coins are worth. This will help ensure the authenticity and condition of your coins, protecting your investment. LaVere Redfield, a reclusive millionaire from Reno, Nevada, accumulated over 400,000 silver dollars during his lifetime.

Value of 1885-CC Silver Morgan Dollar

These coins fetch more in their mint state, from $75 for a piece graded MS60 to $65,000 for gem-quality specimens graded MS69 and above. Morgans were the first dollars containing silver after the Bland-Allison Act from 1873 that allowed purchasing silver. Therefore, the US Mint could start minting new coins created by George T. Morgan’s design. Pieces struck in 1885 were in a group of early date series with a low mintage, making these beautiful pieces precious for collectors.

The US Treasury vaults in Washington also received many thousands of 1885-O Morgans in the bulk shipments of coins from New Orleans. George T. Morgan, an engraver at the US Mint, would then create the next silver dollar for the country. Young school teacher Anna Williams acted as the model for the Morgan silver dollar’s obverse Lady Liberty design. This upheld the tradition of having a mother, Lady Liberty, depicted on the nation’s coinage.