The worth of a United States coin struck in 1878 featuring the Morgan design is subject to considerable variation. Several factors influence the pricing, including the mint where the coin was produced, its condition, and any unique characteristics it may possess. Understanding these elements is crucial in assessing its true market value.
The historical significance of these coins contributes to their desirability among collectors. Minting locations, such as Philadelphia, Carson City, or San Francisco, play a substantial role; coins from less prolific mints, especially in higher grades, command higher prices. The coin’s state of preservation, graded using standardized criteria, directly impacts its value. Uncirculated examples are significantly more valuable than heavily worn ones. Furthermore, historical contextthe economic climate and societal events of the eraaffects collector interest and, subsequently, the market price.