morgan

The item represents a specific United States silver coin minted in 1887 at the New Orleans Mint, indicated by the “O” mint mark. These coins contain approximately 0.7734 troy ounces of silver and were a product of the Bland-Allison Act, intended to remonetize silver. This particular coin’s value is influenced by its condition (graded on a scale), rarity (affected by mintage numbers and survival rates), and silver bullion price.

Owning such a coin offers several potential benefits. It can be a tangible store of value, particularly during times of economic uncertainty. It provides a direct connection to American history, representing a specific period of economic and political policy. Its value can appreciate over time, depending on market factors, making it a potentially profitable investment vehicle for collectors and investors. Furthermore, its intrinsic silver content provides a base level of value regardless of numismatic interest.

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A United States coin minted in 1924, featuring a design by George T. Morgan, and composed of 90% silver, holds significance as a tangible piece of American history. Production of this particular silver currency occurred at multiple mints, denoted by mint marks (or lack thereof) influencing collectibility and market value. For instance, coins struck in Philadelphia lack a mint mark, while those from Denver carry a “D” and San Francisco a “S.”

This specific vintage of silver coinage represents a period of economic growth and westward expansion in the nation’s past. Its intrinsic value is tied to its silver content, while its numismatic value is determined by factors such as rarity, condition (graded on a scale), and historical significance. Well-preserved specimens, especially those with desirable mint marks, command higher prices in the collector market. Furthermore, because the government melted millions of silver coins throughout the 20th century, the remaining examples continue to increase in importance and benefit from investment strategies that involve tangible assets with lasting historical importance.

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This particular coin, struck in 1886 at the New Orleans Mint, represents a tangible piece of late 19th-century American history. It is a dollar coin composed of 90% silver and 10% copper, adhering to the specifications of the Bland-Allison Act of 1878. The “O” mintmark signifies its origin at the New Orleans Mint, one of several facilities that produced these coins. The design features Liberty on the obverse and a majestic eagle on the reverse, common characteristics of this series.

The significance of a specimen minted in 1886 from New Orleans lies in its confluence of factors: historical context, mintage figures, and condition. Its production coincided with a period of economic expansion and westward migration in the United States. The New Orleans Mint, with its own distinct history and operational challenges, contributes to the unique character of coins bearing its mark. The survival rate of examples in various grades contributes to its desirability among numismatists. A well-preserved coin can offer insights into the minting processes and economic conditions of the era.

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