Easy to use and inexpensive they are a good solution to safe storage and preserving value. The 1885-CC is the lowest Morgan dollar mintage from the Carson City Mint. Since most of the tiny mintage never saw circulation, it is also the most rare Morgan dollar of all in circulated grades, including the famous 1893-S. The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Proof and prooflike examples of this issue may have greater or lesser “finest known” and different record auction prices. The Morgan silver dollar series, named after its designer George T. Morgan, was born out of the Bland-Allison Act of 1878.
PL Morgan silver dollar value
- Despite these coins being struck more than 130 years ago, circulated examples are still in good shape.
- The coin has luster, but there may be a few stains, abrasions, or surface marks.
- 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.
- You can look for some things to ensure your 1885 silver dollar is real.
- Since the San Francisco mint struck a modest 1,497,000 Morgan silver dollars in 1885, you can expect high prices, particularly for well-preserved coins.
- As a coin collector and expert, I‘ve always been fascinated by the 1885 Morgan silver dollar.
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Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893.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 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. But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest.
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. Minting year – The US Mint produced Morgans only during the period from 1878 to 1904 and later in 1921.
How to Identify 1885 Morgan Silver Dollar?
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. If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform. You can see Lady Liberty on the Morgan silver dollar obverse surrounded by the DATE and saying E PLURIBUS UNUM. The most expensive Morgan minted this year also came from the Carson City mint. This coin in an MS 68+ grade was paid $135,125 at Legend Rare Coin Auctions in 2015. 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.
Morgan Silver Dollar
The 1885 silver dollar with no mint mark is worth around $48 in very how i use the tradingview stock screener to find the best stocks to trade fine condition. In uncirculated condition the price is around $70 for coins with an MS 60 grade. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices.
In typical grades of MS63 to MS64, the 1885-CC routinely sells for $800 to $1,000. Some coins were released in the 1950s, but the 1885-CC was a tough date before the GSA Sales. 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 the 10 best forex strategies looking for the best forex trading continents. Celebrated not just for his collection, John is appreciated for his knowledge-sharing, greatly influencing the coin collecting community. Now that you know the value of your coins, do you know where to sell those coins online easily?
Over a century old 1885 Morgan silver dollars are highly collectible and often pricey. Even those in the worst condition cost something, thanks to the silver content. 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.
This coin in circulated condition is ig group announces launch of foreign exchange provider ig us worth at least its weight in silver. This melt value is calculated from the current silver spot price of $31.24 per ounce. Metal composition – You can hardly notice a difference in silver content with the naked eye. However, you can check your coin’s magnetic characteristics since silver is not a magnetic metal. Finally, a silver shortage stopped production in 1904, and this lovely coin disappeared from use after one more attempt in 1921.
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. The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Please check our grading guides to know your coin scale, It’s the necessary step to know the exact value of your coin. The words UNITED STATES OF AMERICA occupy the upper half of the coin’s inner rim on the reverse while the denomination, ONE DOLLAR, appears along the rim at the bottom. The motto E PLURIBUS UNUM appears at the top around the coin’s rim while the date, 1885, is imprinted at the bottom.
