As of 2014, the minimum value for an 1885 Morgan silver dollar is $27.11, with coins in good condition valued at more than $400. Coins minted in Carson City fetch the highest value, followed by those from New Orleans, San Francisco and Philadelphia.
The value of an individual coin is determined by its condition, graded as good, fine, very fine or uncirculated. Coins minted in Carson City are worth more than the others because the mint produced fewer coins, making them rarer finds for collectors. Whereas a good-quality coin minted in New Orleans can fetch $28.79, one of similar condition minted in Carson City can be worth $379.