1885 Morgan Silver Dollars
Probably the most well-known silver dollar is the Morgan. We here at Coin Blogger know that many of our readers are both newcomers to the coin game and collectors. Today, we want to talk about not just the Morgan Dollar, but the 1885 Morgan Silver Dollars that are available for your collection. These are definitely one of the more popular collector coins in the USA.
The Morgan Dollar got its name from George T. Morgan who designed the coins and were minted from 1878 to 1904 and then again in 1921. One of the more commonly circulated and very collectible years of that production series is the 1885 Morgan Dollar. It is also one of the most counterfeited of the Morgan dollar coins.
The Morgan Dollar came about after the Comstock Lode in Nevada flooded the market with low-cost silver. Prices were on the rise again as the popular Morgan Dollar was introduced, but the demand for the coin kept it going. The 1885 Morgan Silver Dollars were one of the largest runs in the series and were some of the first to be seriously collected by aficionados, which is why it’s more available today than some other years of the Morgan.
In fact, most 1885 Morgan Dollar coins are averaging MS-63 and 64 grades, making them very collectible. A few 1885 Morgan Silver Dollars can be had at MS 67 and 68 grades, but at a much higher premium. One MS-67 1885 Morgan Dollar sold for $10,500 in 2003.
Most proof 64 1885 Morgan Silver Dollars are selling for about $2,000 on average. They become available regularly and many coin shops carry Morgan Dollar coins for sale, though MS-graded coins are not so often available.
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