morgan

The worth of a specific United States coin, minted in 1878 at the Carson City Mint, featuring the Morgan silver dollar design, is a topic of considerable interest to numismatists and investors. This value is determined by a confluence of factors including the coin’s condition (graded on a scale), its rarity (affected by mintage figures and survival rates), and current market demand. For instance, a coin in circulated condition might possess a modest price, while an uncirculated example with exceptional eye appeal could command a significantly higher premium.

Understanding the factors influencing this price is essential for both collectors seeking to expand their holdings and individuals considering selling such a coin. The historical context of the Carson City Mint, known for its relatively low mintage figures compared to other mints, contributes to the inherent desirability of these coins. Their silver content also provides a baseline underlying value, subject to fluctuations in the precious metals market. This confluence of rarity, historical significance, and intrinsic metal content often translates into a potentially substantial financial asset.

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This particular United States coin, minted in 1896, is composed of 90% silver and 10% copper. It is a classic example of American numismatic history, readily recognizable by its depiction of Lady Liberty on the obverse and an eagle on the reverse. Mint marks, or the absence thereof, denote the specific location of its production (Philadelphia, New Orleans, San Francisco, or Carson City). These variations greatly influence the coin’s collector value.

Its significance stems from its historical context during the late 19th-century silver standard debate, as well as its appeal to collectors due to its age, silver content, and relatively large size. Furthermore, mint state examples of this coin are particularly prized for their preservation and luster. It serves as a tangible link to a bygone era of American commerce and monetary policy.

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This particular coin, minted in 1885 and featuring the iconic Morgan design, represents a significant piece of American numismatic history. It is a silver dollar produced under the Bland-Allison Act, a period marked by substantial silver coinage. An example is a well-preserved specimen from the Philadelphia Mint exhibiting sharp details and lustrous surfaces.

The coin’s value derives from a combination of factors, including its silver content, historical significance, and collector demand. The year of mintage, mint mark (or lack thereof), and condition significantly impact its worth. Its role in the economic landscape of the late 19th century further elevates its importance to historians and collectors alike. Investing in or collecting these coins can be rewarding due to their scarcity and potential for appreciation.

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