The worth of a specific United States coin minted in 1879, composed of silver, is multifaceted. It is determined by factors such as its mint mark (or lack thereof), its condition or grade, and current market demand. The specific design, known as the Morgan dollar, was a popular and widely circulated coin of its era.
Understanding its significance requires considering both its intrinsic silver content and its numismatic appeal. Its history connects to the Bland-Allison Act, which mandated government purchase and coining of silver. The condition of a particular specimen, ranging from heavily worn to uncirculated, profoundly impacts its desirability to collectors and, consequently, its price. Higher-grade examples, especially those with desirable mint marks, often command substantial premiums.
