The phrase identifies a specific United States coin: a silver dollar minted in 1881. Understanding the worth of this coin requires considering several factors. These include its mint mark (or lack thereof), its condition, and current market demand. The presence of a Carson City (CC) mint mark, for example, significantly influences the price, as coins from that mint are often scarcer. Grading, which assesses wear and preservation, is crucial, with uncirculated examples fetching considerably higher prices than those with heavy wear.
Determining the worth of such a coin involves assessing its numismatic value, which extends beyond its intrinsic silver content. Its historical context minted during the peak of the Morgan dollar series contributes to its collectibility. The coin represents a tangible piece of American history and economic activity from that period. Potential benefits to collectors include historical significance, diversification of assets, and, under certain circumstances, potential appreciation in value.
