The value of an 1885 one dollar coin, specifically a Morgan silver dollar, depends heavily on several factors:
- Mint Mark: Morgan dollars were minted in Philadelphia (no mint mark), Carson City (CC), New Orleans (O), and San Francisco (S). The rarest and most valuable is the 1885-CC, followed by the 1885-S.
- Condition (Grade): Coins are graded on a scale of 1 to 70. Coins in circulated condition (worn from use) will be worth less than those in uncirculated (Mint State) condition. A professional grading service can assess the coin’s condition and assign a grade.
- Special Varieties: Proof coins, Prooflike (PL) or Deep Mirror Prooflike (DMPL) strikes, and error coins can also significantly impact the value.
Here’s a general overview of 1885 Morgan dollar values based on mint mark and condition, according to the [NGC Price Guide]:
- 1885 (Philadelphia):
– Circulated condition: $45 – $63
– Uncirculated condition (Mint State, MS): Starting at $75, potentially reaching tens of thousands depending on the specific grade. For example, an MS-68+ 1885 Philadelphia Morgan Dollar sold for $39,950.
- 1885-CC (Carson City):
– Circulated condition: $440 – $735
– Uncirculated condition (Mint State, MS): Can sell for as much as $130,000. For example, an MS67 graded 1885-CC Morgan Dollar is currently listed for $9599 by multiple vendors. A record sale for an MS68+ was $135,125.
- 1885-O (New Orleans):
– Circulated condition: $45 – $63
– Uncirculated condition (Mint State, MS): Between $65 and $12,250. An MS66+ example sold for $19,387.50.
- 1885-S (San Francisco):
– Circulated condition: $47 – $200
– Uncirculated condition (Mint State, MS): Can sell for as much as $62,500. A top-quality MS67+ example from the San Francisco Mint sold for $38,400.
Note: The value of an 1885 Morgan Dollar can fluctuate with market trends and the current price of silver. It’s recommended to consult with a reputable coin dealer or consider professional grading for an accurate appraisal of your specific coin.
How much is a dollar from 1885 worth?
$1 in 1885 is worth $33.14 today.
How to tell if a 1 dollar coin is rare?
To ensure your coin is rare, check for minting errors, such as double strikes or planchet flaws, unique designs, or limited editions. The 2007 Sacagawea Dollar, with Edge Lettering, accidentally featuring a Presidential coin’s edge design, is exceptionally valuable due to its rarity, with only one known to exist.