The price of a selected United States coin minted in 1879, composed of silver, is multifaceted. It’s decided by elements akin to its mint mark (or lack thereof), its situation or grade, and present market demand. The particular design, generally known as the Morgan greenback, was a well-liked and extensively circulated coin of its period.
Understanding its significance requires contemplating each its intrinsic silver content material and its numismatic attraction. Its historical past connects to the Bland-Allison Act, which mandated authorities buy and coining of silver. The situation of a specific specimen, starting from closely worn to uncirculated, profoundly impacts its desirability to collectors and, consequently, its worth. Larger-grade examples, particularly these with fascinating mint marks, typically command substantial premiums.
