These particular pieces of United States currency are composed of 90% silver and 10% copper, embodying a significant part of American numismatic history. Struck in 1878, these coins represent the inaugural year of a design that would become highly sought after by collectors and investors alike. Their substantial silver content contributes to their intrinsic value, beyond their face value as legal tender.
The historical context of these coins is rooted in the Bland-Allison Act of 1878, which mandated the U.S. Treasury to purchase large quantities of silver for coinage. This act fueled the production of millions of these dollars, impacting the silver market and the national economy. Their significance lies in their connection to this pivotal economic legislation and the evolving relationship between precious metals and currency. They are tangible links to a bygone era of silver-backed money.
