These coins are gorgeous, solid, and, more importantly, contain 90% silver, a high-demand precious metal. 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.

Morgan Silver Dollars for Sale

Now that you know the value of your coins, do you know where to sell those coins online easily? 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 $1,600, while an MS68 specimen is worth up to $80,000. 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 Morgan dollar resulted from the Free Silver coinage movement.

Other Years From This Coin Series:

At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. The Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893. The Mint stopped https://forexanalytics.info/ making the silver dollar in 1904 when the stockpile decreased. Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins.

1. The school teacher Anna Willess Williams secretly posed for assistant chief engraver George Morgan for the coin’s design.
2. In uncirculated condition the price is around $775 for coins with an MS 60 grade.
3. If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform.
4. Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins.
5. Preserve your 1885 Morgan silver dollar value, by careful handling and storage.

The 1885 silver dollar with no mint mark is worth around $48 in very fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $225. The 1885 S silver dollar is worth around $55 in very fine condition.

A few light contact marks are present but they are barely noticeable. 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. Assistant chief coin engraver, George Morgan, began drafting designs for the new silver coin in 1876, and by March of 1878, the coin’s production was already underway.

This coin in circulated condition is worth at least its weight in silver. This melt value is calculated from the current silver spot price of $28.87 per ounce. In 2011, Goldenberg Auctioneers sold what is believed to be the most expensive 1885 proof silver dollar. This specimen was graded PF69 and was auctioned for an astonishing $92,000.

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

But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest. Bobby Avena Bobby is a fixture at all major US coins shows. Rare and high grade United States coins are his main specialty.

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. 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. Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value.

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. The New Orleans mint struck an estimated 9 million silver dollars in 1885.

Many rare and valuable dates and mintmark combinations are found throughout the entire 1878 through 1921 history of Morgan silver dollars. With a minimum value of $27.06 and rising from there, accurately determine how much your rare silver coins are worth. These coins were poorly stored in bags at the minting facility, resulting in many acquiring bag marks. Most 1885-S silver dollars were also highly circulated, making high-grade examples rare. As a result of the late release, 1885-O silver dollars are widely available in high grade.

Circulated coins, on the other hand, will show unmistakable signs of wear on the high points. The details, high points and fields will be smooth on low-grade circulated examples and slightly more visible as you go up the grading scale. Mint 1885 silver dollars may show how to calculate arbitrage in forex signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin. You might be glad to discover that the 1885 silver dollar is worth more than face value. So, this coin can be a good investment whether selling or buying.

Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry. As such, large quantities of these coins sat in bags at the Treasury vaults, most released in the 1960s.

In uncirculated condition the price is around $375 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,000. The 1885 O silver dollar is worth around $48 in very fine condition. Uncirculated coins with a grade of MS 65 can sell for around $215. The 1885 CC silver dollar is worth around $625 in very fine condition. In uncirculated condition the price is around $775 for coins with an MS 60 grade.

John Saechao is a respected California-based coin collector, known for his diverse and intricate collection. His lifelong passion for numismatics has shaped an impressive portfolio, spanning multiple eras and continents. Celebrated not just for his collection, John is appreciated for his knowledge-sharing, greatly influencing the coin collecting community. This highly collectible coin can be a good investment whether you want to sell or buy a piece.