The monetary worth of a specific United States bullion coin, minted in 2004 and composed of .999 fine silver, is subject to fluctuations based on several influencing factors. This includes the prevailing spot price of silver on the commodities market, the coin’s condition (graded on a scale, typically from Poor to Mint State), its scarcity, and collector demand. An example would be a coin in uncirculated condition commanding a higher premium than one exhibiting wear and tear.
Understanding factors impacting worth is essential for numismatists and investors. The intrinsic metal content contributes significantly, but the coin’s potential collectibility, driven by mintage figures and historical significance, adds another layer of value. This particular coin offers insights into the bullion market trends and the enduring interest in precious metal investments during that period.