The 1880 VAM 11 Checkmark Morgan Dollar is worth anywhere from $40 in worn condition to over $1,200 in high-grade mint state. This particular variety is a favorite among collectors because of the unique “checkmark” shaped die gouge found on the reverse side above the eagle’s wing.
Identifying the VAM 11 Checkmark Variety
To determine if you have a VAM 11, you need to look at the reverse of the coin with a magnifying glass. If you are struggling to see the details, using the best coin identifier app can help you zoom in on specific minting errors. The hallmark of this coin is a small, raised line of metal that looks like a “checkmark” located just above the eagle’s left wing (the right side of the coin for the viewer).
This mark was caused by a damaged die at the Philadelphia Mint. While it might look like a scratch at first glance, it is actually part of the coin’s design because of that die gouge. These “Top 100” VAM varieties are highly sought after by specialists. If you aren’t sure if your mark matches, the CoinHix mobile app can provide high-resolution comparisons to help you verify the variety instantly.
Current Market Prices for 1880 VAM 11 Dollars
The value of this coin fluctuates based on its condition, also known as its “grade.” Most coins found in old jars or collections will be in Circulated condition, meaning they show visible wear on Lady Liberty’s hair and the eagle’s breast feathers. However, even in modest condition, these carry a premium over standard 1880 Morgan Dollars because of the VAM 11 attribution.
Professional grading by services like PCGS or NGC can significantly boost the value of a high-grade specimen. Many collectors track the 1880 Morgan Dollar price trends to decide when to sell their premium varieties. If your coin still has its original “cartwheel” luster, you might be looking at a four-figure payday.
| Condition (Grade) | Estimated Market Value |
|---|---|
| Good to Very Good (G-VG) | $40 – $55 |
| Extremely Fine (XF40) | $75 – $95 |
| About Uncirculated (AU50) | $120 – $180 |
| Mint State (MS63) | $350 – $500 |
| Choice Mint State (MS65) | $1,100 – $1,350+ |
Factors That Influence the 1880 Morgan Value
Aside from the checkmark variety, the overall silver content and the preservation of the coin’s surface are critical. Every Morgan dollar contains about 0.7734 ounces of pure silver, meaning it always has a “melt value.” However, the 1880 VAM 11 Morgan dollar value is derived primarily from its rarity and its status among VAM enthusiasts.
When assessing your coin, look for “bag marks,” which are small nicks caused by coins hitting each other in Mint bags. Fewer nicks mean a higher grade and more money. If you find yourself frequently checking old coins, having the CoinHix app on your phone is a great way to stay updated on the latest auction results and dealer buy prices.
Why the VAM 11 Checkmark is Rare
VAM stands for Leroy Van Allen and A. George Mallis, the researchers who cataloged these varieties. The VAM 11 is famous because it is part of the “Top 100” Morgan Dollar varieties. This means that out of thousands of different die combinations, this specific error is one of the hundred most important for a serious collector to own.
While the Philadelphia Mint produced millions of silver dollars in 1880, only a small fraction were struck with this specific “checkmark” die. Over time, many were melted down or heavily worn in circulation, making well-preserved examples quite scarce. Identifying a VAM 11 in a bulk lot of silver dollars is like finding a hidden treasure, as most people overlook the tiny checkmark on the reverse.
Q: How can I tell if my 1880 Morgan is a VAM 11?
A: You’ll need a 10x jeweler’s loupe. Look at the reverse (eagle side) and find the eagle’s wing on the right. Just above the top edge of that wing, look for a small, diagonal raised line that resembles a checkmark.
Q: Should I clean my 1880 VAM 11 Morgan Dollar?
A: No, never clean your coins! Cleaning removes the original surface (patina) and can reduce the value of a collectible coin by 50% or more. Collectors prefer coins with original toning or luster.
Q: Where is the best place to sell a VAM 11?
A: For common grades, a local coin shop is fine. For high-grade or certified MS63+ examples, you might get a better price at a specialized auction or through a dedicated VAM collector community. Using CoinHix can help you estimate a fair asking price before you visit a dealer.