The price of an 1879 Morgan greenback struck on the Philadelphia Mint, distinguished by the absence of a mint mark, is primarily decided by its situation and the prevailing market demand. Cash in circulated situation will typically have a price reflecting their silver content material and numismatic curiosity, whereas uncirculated specimens command significantly increased costs, notably these graded as Mint State by acknowledged grading companies.
This explicit coin represents a big piece of American historical past, originating from a interval when silver {dollars} have been a outstanding type of forex. Its inherent worth relies on the silver it incorporates, however its potential price is tremendously influenced by elements like preservation, rarity of particular die varieties, and total attraction to collectors. The historic context surrounding its manufacturing and use provides to its desirability.