If you are wondering about the 1880 Silver Dollar Value, you need to read about that particular coin. The following examines the minting process and what factors add may add value to a coin.
The Morgan Dollar
The Morgan dollar was a silver coin produced by the US Mint from 1878 to 1904. It was also coined for one year in 1921. The Morgan dollar was named after its designer, George T. Morgan. On the front of the coin is a picture of Lady Liberty surrounded by the inscription “E Pluribus Unum” and the date. Morgan’s monogram is near her neck. The backside has an eagle with his wings spread, holding arrows and an olive branch. Printed are the words “United States of America” and “One Dollar.”
The mintmarks can be found under the eagle’s tail feathers, between the D and O in “Dollar”. The Morgan dollars were made at five US Mints:
- Denver, Colorado (D)
- New Orleans, LA (O)
- Carson City, Nevada (CC)
- San Francisco, California (S)
- Philadelphia, PA (no mintmark)
Words You Need to Know
Before you find out about 1880 silver dollar value, you need to know the terms related to coins and the process of producing them. These terms apply to all coins of the US money system.
- Doubling: This is the term for what happens when the die (the engraved stamp) strikes the blank two times. Doubling can happen when the blank changes either its position or the machine gets out of alignment.
- Minting: This is the process involved in producing coins. There are four US Mints in operation today. These are located in: Denver, Philadelphia, San Francisco, and West Point.
- Mintmarks: A letter or letters stamped on the coin to identify where it was made. Mintmarks for the four US Mints in operation today are D, P, S, and W. Mintmarks from US mints no longer in operation are: C for Charlotte, NC; CC for Carson City, NV; D for Dahlonega, GA; and O for New Orleans, LA. If a coin was minted in Philadelphia, there is often no mintmark on it. Otherwise, a coin with a missing mintmark would be a mistake.
- Obverse: This is the front side (“heads”) of the coin.
- Reverse: This is the backside (“tails”) of the coin.
1880 Silver Dollar Value
Coin value is determined by rarity, demand, place of minting, and condition. If the coin was doubled or other mistakes were made, this can add to the value of a coin. If a particular mint didn’t make very many coins, then coins from that mint are more rare and therefore, more valuable.
The rating scale for grading coins according to their condition goes from one to 70. The higher the numbers of the coin’s score, the higher the coin’s value. The levels are Poor, Fair, About Good, Good, Fine, About Un-circulated, and Mint State. A score of 60 or above is Mint State and a score of 70 is a Mint State perfect coin.
The 1880 silver dollar value, if the coin was melted down and you sold the silver, would be the current market price for silver. As of July 29, 2010, the value of any Morgan silver dollar, dated from 1878 to 1921, is $13.65.
If your 1880 silver dollar was graded a 20, you could expect $14.00 to $18.00 for it. A grade of 40 could bring $19.00 to $29.00, and a grade of 50 might bring $30.00 to $45.00. A coin that is near perfect with a score of 60 or more could bring more. There were only 591,000 1880 Morgan silver dollars minted at Carson City, which is the lowest number of coins at any US Mint for that year. This makes the coins from Carson City, with a CC mintmark, more valuable and rare.