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That year, only 930 proof silver dollars were struck, making examples extremely rare and valuable. Values for these proof coins range from $1,375 to $37,500, but cameo and deep cameo examples can fetch as much as $60,000 and $80,000, respectively. Rare highly-preserved coins are expensive and collectible nowadays, and only serious collectors can afford some scarce pieces. 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.
- Despite these coins being struck more than 130 years ago, circulated examples are still in good shape.
- At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse.
- The mid- to late 50s saw relatively large numbers come out of hiding from government vaults.
- Millions upon millions of 1885-O Morgan dollars were still sitting in the vaults of the New Orleans Mint when it was shut down in 1909.
- The CCG Companies make no representation or warranty concerning the accuracy or reliability of the information contained herein.
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. With a mintage of only 228,000, the 1855-CC silver dollar is considered the rarest Morgan after the 1903-O silver dollar.
DMPL Morgan silver dollar
Even though large numbers were melted in the 1970s for their silver value, it is estimated that approximately 5 million 1885-O Morgan dollars out of the 9.1 million mintage survive today.. Millions upon millions of 1885-O Morgan dollars were still sitting in the vaults of the New Orleans Mint when it was shut down in 1909. Most of those uncirculated Morgan dollars ended up in storage vaults at the Philadelphia Mint. The US Treasury vaults in Washington also received many thousands of 1885-O Morgans in the bulk shipments of coins from New Orleans.
Silver Dollar Grading
You can be sure your coin is fake if you spot any other year on the obverse. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.
This contentious issue divided the nation and shaped the political landscape of the time. Strike-through errors are the most common coin error and equally the most desirable as you can identify them with unaided eyes. 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. The school teacher Anna Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design.
S Morgan Dollar MS-64 PCGS
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 avatrade broker $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.
The best-preserved specimens from a regular strike in an MS 68 grade are worth $45,000 to $60,000. Collectors are often prepared to set aside $75,000 to $90,000 for deep mirror proof-like pieces. For instance, you can find those in an MS 60 grade for approximately $50 to $60. On the other hand, those with an MS 68 rating are precious and can cost over $20,000.
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Mint system, Philadelphia was known for its consistent quality and high output. Because of their popularity, Morgan silver dollars are prone to countgerfeiting. You can look for some things to ensure your 1885 silver dollar is real.
Whether you‘re drawn to the rich history, stunning designs, or investment potential of these classic coins, the 1885 Morgan silver dollar offers a compelling addition to any numismatic portfolio. 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. It‘s important to note that grading is a subjective process, and even experienced collectors and graders may have slightly different docker vs kubernetes vs openshift opinions on a coin‘s grade.
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. The VAM-4 has a thick dash mark under the 8 and die chips in the CC mint mark. Although 1885-CC Morgan Dollars were struck for circulation, very few were released activtrades forex broker analysis into commercial channels.
CC Morgan Dollar, VAM-2
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 an excellent investment because of their silver content and stable value. 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.
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