This specific numismatic merchandise refers to a United States silver greenback minted in 1879 on the New Orleans Mint, denoted by the “O” mint mark. Its price is set by elements akin to situation, rarity, and silver content material, and might fluctuate considerably based mostly on market demand and collector curiosity. A coin in circulated situation will usually have a cheaper price than one in uncirculated, or mint state.
The importance of this coin stems from its historic context as a part of the bigger Morgan silver greenback collection, which represents a pivotal period in American coinage. The New Orleans Mint’s manufacturing provides one other layer of curiosity, as its cash generally exhibit distinctive traits or variations. Increased grade examples are wanted by collectors, making them a helpful asset inside a set. The silver content material itself additionally contributes to its intrinsic worth, making it a tangible type of wealth.