The price of an 1888-O Morgan silver greenback is set by a number of components, most notably its situation, mint mark, and silver content material. This coin, minted on the New Orleans Mint, is a well-liked collectible. Its value can vary considerably from a couple of {dollars} for well-circulated examples to a whole lot and even 1000’s for uncirculated specimens graded by respected third-party providers.
Understanding the components affecting the worth of such a coin is essential for collectors and traders alike. The coin’s situation, also known as its grade, is paramount. Increased grades, indicating minimal put on and tear, command increased costs. The ‘O’ mint mark, signifying its New Orleans origin, additionally impacts its desirability and resultant market value. The intrinsic worth, derived from the coin’s silver content material, supplies a baseline for its price, fluctuating with silver market costs. Historic context additionally performs a job, because the Morgan silver greenback represents a big period in American coinage.