A United States silver coin produced in 1896 at the Philadelphia Mint, devoid of a mint mark, is a specific variety of the Morgan dollar. This coin contains approximately 0.7734 troy ounces of silver and was part of a larger mintage intended for general circulation. The absence of a mint mark signifies its production at the primary mint facility.
Such a coin holds significance for collectors due to its historical context within the larger series of Morgan dollars. Its value is influenced by factors such as its condition (graded on a scale from Poor to Mint State), the overall demand for the specific date and mint mark combination, and the prevailing price of silver. The historical context includes the economic conditions prevalent during the coin’s production year.