Now add in the popularity of collecting silver dollars and collector demand, the result, many are worth far above silver value. As we can see, an 1885 Trade dollar in top condition (PR65 or higher) can realistically sell for over $1 million at auction currently. And coins graded PR66 or with special attributes can set new record prices, such as the $2.16 million example forex etoro review auctioned in 2022. Experts point to high collector demand whenever an 1885 Trade dollar comes to market, especially if graded and certified by top coin authentication companies like PCGS or NGC. There is often fierce bidding to add one of these prized rarities to a collection. This increased the production of silver dollars after previous years of low mintage.
- Prooflike and Deep proof-like examples are accessible in the open market, with prices ranging from $150 to $1,500.
- You can expect between $440 and $735 for 1885-CC circulated silver dollars.
- Despite the high mintage, 1885 no mint-mark silver dollars are quite valuable even in the circulated state.
- In 1885, around 28 million of dollars were struck for circulation according to U.S. records, down over 60% from years right after the passage of the Bland-Allison Act (Thurman, 1894).
- Mint, around 17 million 1885 silver dollars were minted that year at the Philadelphia Mint before the coinage of the denomination was halted.
For your top condition and value coins, a range of appropriate holders are found at an area coin dealer. The cardboard and mylar “flips” the dealer uses cryptocurrency broker canada in the display cases are suitable for many of your coins. Easy to use and inexpensive they are a good solution to safe storage and preserving value.
How much is the 1885 No Mint mark Morgan silver dollar worth?
An authentic 1885 Morgan silver dollar weighs 26.73 grams and has a diameter of 38.1 mm. When reviewing recent public auction results for 1885 Trade dollars, one thing becomes readily apparent – this coin consistently fetches six and even seven-figure hammer prices. The PCGS top pop MS68+ census has remained at one coin since at least August 2013.
CC Morgan Dollar, VAM-2
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. In this article, we explain everything you need to know about the 1885 silver dollar value. We will explore the worth of each variety and discover errors that can increase your coin’s value by hundreds or thousands of dollars. Discovering rare mintmarks and high condition all contributes to 1885 Morgan silver dollar value. However this is just a minimum value representing how much a circulated-worn 1885 dollar is worth.
Other features of the 1885 Morgan silver dollar
The 1885 silver dollar is one of the most sought-after coins for collectors. With only 800 minted, the low production numbers make the hycm review 1885 silver dollar extremely rare and valuable. In this ad, Bason listed circulated 1885-CC Morgan dollars for sale for $14.90.
With 17,787,000 produced Morgan silver dollars, Philadelphia had the highest mintage in 1885. Despite that, even pieces in good condition are valuable, and you should set aside about $30 for one. Coins in the mint state have different prices depending on the preservation level.
But Congress rejected this proposal and omitted silver coins from the authorized legal tender list, leading to a massive protest. Our community of experts is here to help you.Get free and unbiased advice on the value of your coins.Learn from other collectors and share your own knowledge. Having the coin certified by a reputable third-party grading service like PCGS can provide assurance and documentation regarding its authenticity. Certified coins are enclosed in plastic cases with labels detailing specifications. For PCGS, the MS67 population has increased from 39 in November 2007 to 143 as of March 29, 2024.