What is the value of an 1885 US Morgan silver dollar?

Answer 1

Look on the back of the coin to see if there's a small mint mark letter above the DO in DOLLAR. It may be blank or there may be a CC, O or S. (The M on the front of the coin is the designer's monogram and not a mint mark.)

Numismedia lists the following approximate retail values as of 05/2011:

No mint mark (Philadelphia):

Very worn condition - $36

Moderately worn - $39

Slightly worn - $40

Almost no wear - $42

Uncirculated - $49 to $15,630 depending on quality

"CC" mint mark (Carson City):

Very worn - $305

Moderately worn - $449

Slightly worn - $483

Almost no wear - $549

Uncirculated - $610 to $40,630

"O" mint mark (New Orleans):

Very worn - $36

Moderately worn - $39

Slightly worn - $40

Almost no wear - $42

Uncirculated - $49 to $6,880

"S" mint mark (San Francisco):

Very worn - $38

Moderately worn - $40

Slightly worn - $40

Almost no wear - $118

Uncirculated - $192 to $31,250

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

FAQ's about Morgan dollarsE Pluribus Unum

The motto E Pluribus Unum (Latin for "Out of Many, One") is on ALL $1 coins minted since 1878 so that's not specific enough to ID any one coin.

Silver Eagles

Silver eagles are bullion coins minted since 1986 for sale to collectors but not for spending. Morgan dollars were made for use in ordinary circulation just like dimes and quarters.

Answer 2

Assuming the coin is circulated and has no mintmark, the 1885 Morgan is a high mintage common date, retail values are $30.00-$40.00 depending on the grade of the coin.