The worth of a particular United States silver coin, minted in 1896 and featuring the Morgan design, is subject to a variety of factors. These elements include the coin’s mint mark (or lack thereof), its condition (graded on a scale from Poor to Uncirculated), and current market demand. For instance, an example in heavily circulated condition will typically command a value near its silver content, while a pristine, uncirculated specimen from a rare mint location can realize a significantly higher price.
Understanding the potential worth of this coin necessitates careful consideration of its physical attributes and historical context. The Morgan silver dollar, produced from 1878 to 1904 and again in 1921, holds considerable interest for collectors due to its historical significance and precious metal content. Variations in mintage figures between different mints in a specific year, such as 1896, directly impact the scarcity and, consequently, the price a collector might be willing to pay.