This question comes up fairly often and is a common misunderstanding. US $1 coins made up till 1935 aren't called "eagles" and they don't contain 1 oz of silver. They were ordinary circulation coins made for use in daily commerce. While they do contain silver, it's not as much - about 3/4 of a troy ounce.
"Silver eagles" are modern (1986 and later) coins sold by the Mint as investment pieces, not for spending; their value is linked to the current price of silver and the "$1" value is purely artificial.
The coin you have is frequently called a Morgan dollar after its designer. Its value when minted was in fact exactly $1 because silver was much cheaper and its price was controlled. Today it has value not only for its silver content but for its interest to collectors. There's more information at the Related Questions.
Although it has an Eagle on the reverse, the coin is not a Eagle coin, it's an 1885 Morgan dollar worth from $23.00-$30.00
This coin is normally called a Morgan dollar, after its designer George T. Morgan. Remember, up till the current Presidential series of $1 coins ALL dollars had a eagle on the back. See the Related Question for more.
Money can have various values based on condition and certain stamping. An 1885 Morgan Liberty Head silver dollar can be worth between $20 and $400.
An 1885 Morgan silver dollar is still legal tender at face value of one dollar, though it's currently worth nearly $20 for the silver content. If by chance the coin is golden in color and a little bigger than a quarter, and either says Chester A. Arthur 1881-1885 or Grover Cleveland 1885-1889, then it's a modern presidential dollar, worth one dollar.
Average retail value is $80.00
W hat is the value of a 1885 silver dollar
The coin is a Morgan dollar and the date 1885 is very common with retail values of $17.00-$26.00 in circulated condition, mint state coins are only $30.00-$35.00
Assuming it's circulated and has no mintmark. The 1885 Morgan dollar is a very common Philadelphia Mint issue coin. Current market value is $33.00 to $40.00 depending on actual grade of the coin. Uncirculated examples do have higher values.
4-14-11>> Assuming the coin is circulated and has no mintmarks, retail value is $33.00-$40.00 depending on how much wear the coin shows. The 1885 Morgan dollar is a very common coin.
No it's not pure silver, only 90% silver and 10% copper.
The 1885-O Morgan dollar is a common New Orleans Mint coin. Mint State coins in the MS-60 to MS-63 range are $35.00 to $55.00 retail.
The 1885-O Morgan dollar is common, in general values are $32.00-$38.00 depending on grade.