The worth of an 1888-O Morgan silver dollar is determined by several factors, most notably its condition, mint mark, and silver content. This coin, minted at the New Orleans Mint, is a popular collectible. Its price can range significantly from a few dollars for well-circulated examples to hundreds or even thousands for uncirculated specimens graded by reputable third-party services.
Understanding the factors affecting the price of such a coin is crucial for collectors and investors alike. The coin’s condition, often referred to as its grade, is paramount. Higher grades, indicating minimal wear and tear, command higher prices. The ‘O’ mint mark, signifying its New Orleans origin, also impacts its desirability and resultant market price. The intrinsic value, derived from the coin’s silver content, provides a baseline for its worth, fluctuating with silver market prices. Historical context also plays a role, as the Morgan silver dollar represents a significant era in American coinage.