The worth of an 1889-dated silver dollar is contingent upon several factors. These include its mint mark (or lack thereof), its condition, and the prevailing market demand among collectors. Coins in pristine, uncirculated condition command significantly higher prices than those showing wear. Examples bearing the “CC” mint mark from Carson City are generally rarer and more valuable than those struck in Philadelphia (“no mint mark”) or New Orleans (“O” mint mark). Understanding these variables is crucial in assessing a specific coin’s financial worth.
The historical significance of this coin lies in its place within the Morgan silver dollar series, minted during a period of significant silver production in the United States. Its intrinsic metal content, coupled with its collectible appeal, contributes to its enduring value. Furthermore, the coin represents a tangible link to a specific era in American monetary history, making it attractive to numismatists and investors alike.