The 1880 Morgan Dollar is a highly collectible coin, and its value can vary greatly depending on its condition and rarity.
In mint condition, the 1880 Morgan Dollar can sell for upwards of $100, but this is extremely rare.
The majority of 1880 Morgan Dollars are in circulated condition, which can bring in significantly less, often in the range of $40 to $60.
A circulated 1880 Morgan Dollar with heavy wear and tear can sell for as low as $20.
Understanding Morgan Dollar Value
The condition of an 1880 Morgan dollar is crucial in determining its value. Condition can never be guaranteed for coins produced in the 1800s, as they may have been heavily damaged over time.
The grading of a coin is the process of determining its condition. Popular coin grades include Uncirculated, Extremely Fine, Fine, and Good. Uncirculated coins are those that have never been circulated and appear pristine.
Uncirculated coins are the most preferred among collectors, but they are also the most expensive. Extremely Fine coins have been circulated but not for a long period of time, and they appear to be pristine but have some damage under close inspection.
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The price of an 1880 Morgan dollar is determined by its condition and type. The chart below shows the price range for different types of 1880 Morgan dollars in various conditions.
A coin's condition can greatly affect its value. A rare 1880 Morgan dollar sold for $402 due to its excellent condition. To determine the value of your 1880 Morgan dollar, examine its condition closely and compare it to the grading images.
Maximizing Value
The condition of your 1880 Morgan silver dollar is a crucial factor in determining its value. A coin in Uncirculated condition, or Mint State, is worth the most, with prices reaching up to $700 at auction.
To determine the condition of your coin, examine it closely and compare it to the grading images. If your coin has survived with minimal wear, you may have a rare find.
Coins in Extremely Fine condition show slight wear, noticeable in the hair above Liberty's forehead and behind her neck. This condition is still very sharp and crisp.
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If your coin has endured extensive wear, it's likely in Good condition, with a large loss of detail and a once protective rim now almost gone.
In Average Circulated condition, your 1880 Morgan silver dollar is worth around $30.00. However, one in certified Mint State (MS+) condition could bring as much as $150 at auction for the S mint mark.
To maximize the value of your coin, it's essential to understand the grading process and compare your coin to the images to determine its condition.
Recommended read: Mint Mark
Morgan Dollar Pricing
The value of a Morgan Dollar can vary greatly depending on its condition and type. A 1880 Morgan Dollar in Extremely Fine condition can sell for around $39, while one in Uncirculated condition can fetch up to $41.
The exact type of Morgan Dollar you own, such as the "CC" or "O" mint mark, can also impact its value. For example, a 1880 Morgan Dollar with the "CC" mint mark can sell for up to $285 in Extremely Fine condition.
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Prices for Morgan Dollars are subject to the laws of supply and demand, just like anything else. This means that coins sold at auction can fetch drastically different prices depending on the session and the bidders.
A 1880 Morgan Dollar in Average Circulated condition is worth around $30, while one in certified mint state (MS+) condition can bring as much as $700 at auction.
Here's a rough estimate of the value of a 1880 Morgan Dollar based on its condition:
Keep in mind that these prices are estimates and can vary depending on the specific coin and its condition.
$1 MS
The $1 MS grade is a highly sought-after classification for the 1880 Morgan dollar. This grade is reserved for coins that are in mint state, meaning they have never been circulated and are in pristine condition.
A coin in this grade will have a delicate frosty luster on its surface and will reflect light in bright bands from rim to rim. To confirm if your coin is in mint state, examine Liberty's cheek and chin area. If there's any wear across these high points, it will show as a break in luster.
In the case of the 1880-S Morgan dollar, MS67s and MS68s are more challenging to find, but offer collectors a reasonable opportunity to own a Morgan dollar in an esoteric grade range. Registry set collectors vie for the rare opportunity to own a Morgan dollar in MS69, but this comes at a price that's well beyond the financial means of most collectors.
Here's a rough estimate of the value of a 1880 Morgan dollar in different conditions:
Morgan Dollar Basics
The Morgan Dollar is a beautiful coin that's been around for over a century. It's worth noting that Morgan Dollars produced in 1880 are 90% silver.
These coins contain 0.7735 troy oz or 24.05 grams of pure silver. If you're not sure if your coin is silver, CoinTrackers has a handy tool called "Is My Coin Silver?" that can help you determine its authenticity.
In terms of value, the price of a 1880 Morgan Silver Dollar can vary greatly depending on its condition. In Average Circulated (AC) condition, it's worth around $30.00, while one in certified mint state (MS+) condition could bring as much as $700 at auction.
Grading the Dollar
Grading the Dollar is a crucial aspect of collecting Morgan Dollars. The condition of a coin can greatly impact its value, and collectors need to be able to differentiate between coins of varying grades.
Uncirculated coins are the most preferred among collectors, as they appear pristine and free from damage. These coins have not spent any time on the open market and are often the most expensive.
Extremely Fine coins, on the other hand, have been circulated but not for a long period of time. They may appear pristine at first glance, but closer inspection reveals minor damage.
Fine coins have been in circulation for a long time, but have not been heavily damaged. They exhibit light scratching and worn-down texture.
Good coins are at the lower end of the grading scale, having been heavily circulated and damaged. They display heavy scratching and other signs of wear.
Here's a breakdown of the popular coin grades and their characteristics:
Are Dollars?
Morgan Dollar Basics: Are Dollars?
Morgan Dollars produced in 1880 are 90% silver.
These coins contain 0.7735 troy oz or 24.05 grams of .999 pure silver.
Silver weight is measured in troy ounces, which weigh about 2 grams more than the standard ounce.
CoinTrackers has built a tool called Is My Coin Silver? to help you determine if your coin is silver or not.
You can use this tool to verify the authenticity of your Morgan Dollar.
Dollars 101
A Morgan Silver Dollar is a coin that's worth getting to know, especially if you're a collector or just starting to learn about coins. The 1880 Morgan Silver Dollar is a great place to start.
The price of a Morgan Silver Dollar can vary depending on its condition and type. For instance, an 1880 Morgan Dollar in Extremely Fine condition can sell for $39.
The type of Morgan Silver Dollar you own is also important. For example, an 1880 Morgan Dollar (CC) in Extremely Fine condition can sell for $285. If you're not sure what type you have, research the mint marks and dates to determine its value.
The condition of a Morgan Silver Dollar is crucial to its price. Coins that are well-preserved can sell for much more than those that are worn down. For example, an 1880 Morgan Dollar in Uncirculated condition can sell for $41.
Here's a rough guide to the prices of 1880 Morgan Silver Dollars based on their condition and type:
As for the overall value of a 1880 Morgan Silver Dollar, it can range from around $30 in Average Circulated condition to as much as $700 in certified mint state (MS+) condition.
Frequently Asked Questions
What makes a 1880's silver dollar rare?
What makes a 1880-S silver dollar rare is its limited production at the San Francisco Mint, resulting in a lower mintage. This scarcity, combined with its precise die spacing and high quality, contributes to its value and desirability among collectors.
What year of Morgan dollars are most valuable?
The most valuable Morgan dollars are from the 1889 CC series, specifically those in Mint State condition and graded as Ultra Gem. This rarity and exceptional quality make them highly sought after by collectors.
Sources
- https://www.jmbullion.com/coin-info/us-silver-dollars/morgan-dollars/1880-morgan-dollar/
- https://www.coinstudy.com/1880-morgan-silver-dollar-value.html
- https://www.greysheet.com/prices/item/1880-s-morgan-silver-dollar-coin-values/gsid/7476
- https://cointrackers.com/coins/14461/1880-morgan-silver-dollar/
- https://cointrackers.com/coins/14462/1880-s-morgan-silver-dollar/
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