The worth of a coin minted in 1896 composed of approximately 90% silver is primarily determined by two key factors: its intrinsic metal content and its collectibility among numismatists. An example of this is the Morgan dollar produced in that year, the financial worth of which fluctuates based on these considerations.
The desirability of such a coin stems from its historical significance, rarity based on mintage figures and surviving examples, and condition grade. A well-preserved specimen from that era can be a significant investment, representing a tangible piece of American history and potentially appreciating in worth over time. Factors such as mint marks and varieties also play a crucial role in determining its overall desirability and financial assessment.