The item in question represents a contemporary numismatic product inspired by a classic United States silver dollar design. It is a newly minted piece intended for collectors and enthusiasts, carrying forward the legacy of a historically significant coin.
These updated renditions offer collectors an opportunity to own a piece reminiscent of American coinage history, often with enhanced minting techniques and potentially increased precious metal content accuracy. These characteristics can result in interest due to the blending of historical design with modern manufacturing quality.
A numismatic item, struck at a specific mint during the late 19th century, represents a tangible piece of American history. This particular coin, composed of silver and bearing a distinct design, originated from a facility located in Nevada. Its value is influenced by factors such as condition, rarity, and historical significance. As an example, a specimen graded Mint State 65 could command a substantial premium over its melt value.
This coin provides a unique glimpse into the economic and political landscape of the era in which it was produced. The silver content reflects debates surrounding monetary policy, while the mint location connects to the westward expansion and the development of the American frontier. Furthermore, its survival and preservation through generations speaks to its enduring appeal as a collectible item and a store of value.
An exemplar from the renowned Morgan series, struck in 1888 at the Carson City Mint, represents a significant piece of American numismatic history. These coins, composed of 90% silver and 10% copper, were authorized by the Bland-Allison Act of 1878 and feature a design by George T. Morgan. The “CC” mintmark denotes its origin at the Carson City Mint, a facility known for producing coins with relatively low mintages, making them desirable among collectors.
The value and collectibility of these specific silver dollars derive from several factors, including their historical context during the height of the silver mining boom in the American West. The Carson City Mint’s output was generally smaller than other mints, contributing to a higher premium placed on these coins. Furthermore, the physical condition of each specimen, graded according to established numismatic scales, drastically affects its market value, with uncirculated examples commanding substantially higher prices than worn or damaged coins. Their scarcity and historical relevance make them attractive to investors and history enthusiasts alike.
The monetary worth of a United States coin minted in 1887, specifically a Morgan silver dollar, is contingent upon several factors. These elements include the coin’s condition (graded on a scale from Poor to Uncirculated), its mint mark (denoting the minting facility), and the overall demand from collectors and investors. Premiums are generally applied to coins in better condition or those with rarer mint marks. As an example, a heavily circulated 1887 Morgan dollar from the Philadelphia Mint will typically have a lower worth than an uncirculated example from the Carson City Mint.
Understanding the estimated worth of such a coin provides benefits for individuals interested in numismatics, enabling informed decisions regarding buying, selling, or collecting. The coin itself represents a significant period in United States history, reflecting the nation’s economic and artistic climate during the late 19th century. Furthermore, knowledge of its worth allows for responsible management of coin collections and potential investment opportunities. The 1887 Morgan silver dollar emerged from the Bland-Allison Act of 1878, which mandated the purchase and minting of a substantial amount of silver each month, influencing both currency production and silver market dynamics.
The worth of a specific year and mint mark combination of United States silver coinage, specifically from 1883 and originating from the New Orleans Mint, is influenced by several factors. These factors include the coin’s condition, its rarity, and the current market demand among collectors. For instance, a specimen graded as “uncirculated” will generally command a higher price than one exhibiting wear and tear.
Understanding the factors that determine pricing is crucial for both collectors and investors. Rarity, often tied to mintage figures and survival rates, plays a significant role. The historical context, including the economic climate during the coin’s production year and the significance of the mint location, also contributes to its collectibility. Ultimately, appreciation stems from a combination of scarcity, preservation, and the coin’s intrinsic silver content.
The determination of a coin’s worth involves several factors. These include its condition, which ranges from “Poor” to “Uncirculated,” its mint mark (indicating where it was produced), and the prevailing market demand. For example, a coin in pristine, never-circulated condition from a less common mint will generally command a higher price than a heavily worn coin from a mint with higher production numbers.
Understanding these elements is crucial for both collectors and investors. Historical context, such as the economic conditions and the mint’s output during the year of production, greatly influences rarity. Coins from years with low mintage numbers or significant historical events often carry a premium. Evaluating a coin involves considering its inherent silver content and its numismatic value, determined by its scarcity and collector interest.
A specialized designation, Deep Mirror Prooflike (DMPL) describes a specific appearance exhibited by some examples of the Morgan silver dollar. These coins display highly reflective, mirror-like fields with strong contrast to frosted devices, creating a visually striking effect. This characteristic arises from early die states during the minting process when dies are fresh and polished.
The presence of this attribute significantly enhances the collectibility and value of a Morgan silver dollar. Such specimens are highly sought after due to their exceptional eye appeal and relative scarcity compared to coins without this feature. Their historical significance is tied to the minting practices of the late 19th and early 20th centuries and the quality control standards of the U.S. Mint during that era.
The monetary worth of an 1881 Morgan silver dollar is a multifaceted concept. It hinges upon several key determinants, most notably the coin’s condition, its mint mark (or absence thereof), and prevailing market demands. A coin exhibiting minimal wear and possessing a rare mint mark invariably commands a higher price than a heavily circulated example struck at a more common mint facility. For instance, an uncirculated 1881-S Morgan dollar generally fetches a premium compared to a similar coin graded as “good.”
Understanding the factors that influence the price of these historical coins provides insight into their intrinsic desirability. These silver dollars represent a tangible link to a specific period in American history, embodying both the economic and artistic sentiments of the late 19th century. Their inherent silver content, coupled with their collectibility, makes them attractive to both investors and numismatists alike. Historical context, scarcity, and overall aesthetic appeal all contribute to the coin’s lasting significance and value.
The worth of a specific United States silver coin minted in 1885 and bearing the Morgan design is a topic of considerable interest to numismatists and investors alike. The factors determining this worth include the coin’s condition, its mint mark (or lack thereof), and the current market demand for it. For instance, an 1885-O Morgan silver dollar (minted in New Orleans) in circulated condition will generally command a different price than an 1885 Morgan silver dollar (minted in Philadelphia) in uncirculated condition.
Understanding the variables that influence the price provides valuable insight into the broader coin collecting market. Historical significance, scarcity, and precious metal content all contribute to the overall appraisal. These coins represent a tangible link to a bygone era, and their value extends beyond their silver content to encompass their historical and cultural importance. Moreover, the potential for appreciation over time makes them an attractive investment for some collectors.
This specific coin is a United States silver dollar minted in 1898. It contains approximately 0.77344 troy ounces of silver and was part of a larger series produced from 1878 to 1904, and again in 1921. The coin features a depiction of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse, designed by George T. Morgan.
The historical significance of this silver dollar lies in its connection to the Bland-Allison Act of 1878, which mandated the purchase of large quantities of silver for coinage. This legislation aimed to support the silver mining industry and stabilize the economy, making these coins a tangible representation of late 19th-century economic policy. Collectors value these coins for their silver content, historical importance, and aesthetic appeal.
