1889 Morgan Silver Dollar No Mint Mark Value
The 1889 Morgan Silver Dollar is a popular coin among collectors and investors alike. The coin is named after its designer, George T. Morgan, and was minted from 1878 to 1921. The 1889 Morgan Silver Dollar is a particularly interesting coin because some of them were minted without a mint mark. This article will explore the value of the 1889 Morgan Silver Dollar with no mint mark.
What is a Morgan Silver Dollar?
The Morgan Silver Dollar was first minted in 1878, and it was in circulation until 1921. The coin was named after its designer, George T. Morgan, who was a British immigrant and an assistant engraver at the United States Mint. The coin features Lady Liberty on the obverse side and a bald eagle on the reverse side. The Morgan Silver Dollar was minted from 90% silver and 10% copper.
What is a Mint Mark?
A mint mark is a small letter or symbol that indicates which mint a coin was produced at. For example, the letter "S" indicates that the coin was minted at the San Francisco Mint. The absence of a mint mark indicates that the coin was produced at the Philadelphia Mint.
The 1889 Morgan Silver Dollar with No Mint Mark
Some 1889 Morgan Silver Dollars were minted without a mint mark. The reason for this is unknown, but it is believed that it was an error made by the Philadelphia Mint. These coins are often referred to as "plain" or "no mint mark" coins. The 1889 Morgan Silver Dollar with no mint mark is a rare coin, and it is highly sought after by collectors.
Value of the 1889 Morgan Silver Dollar with No Mint Mark
The value of the 1889 Morgan Silver Dollar with no mint mark varies depending on the condition of the coin. A coin in excellent condition can be worth thousands of dollars, while a coin in poor condition may only be worth a few hundred dollars. In general, the value of the 1889 Morgan Silver Dollar with no mint mark is higher than the value of the same coin with a mint mark.
Factors that Affect the Value of the 1889 Morgan Silver Dollar with No Mint Mark
There are several factors that can affect the value of the 1889 Morgan Silver Dollar with no mint mark. These include:
- Condition: The condition of the coin is the most important factor in determining its value. A coin in excellent condition will be worth more than a coin in poor condition.
- Rarity: The 1889 Morgan Silver Dollar with no mint mark is a rare coin, and its rarity will affect its value.
- Demand: The demand for the coin among collectors and investors will also affect its value.
- Provenance: The coin's history and ownership can also affect its value.
Where to Find the 1889 Morgan Silver Dollar with No Mint Mark
The 1889 Morgan Silver Dollar with no mint mark is a rare coin, and it can be difficult to find. However, it is possible to find the coin at coin shows, auctions, and online marketplaces such as eBay. When purchasing the coin, it is important to ensure that it has been authenticated by a reputable coin grading service.
Conclusion
The 1889 Morgan Silver Dollar with no mint mark is a rare and valuable coin that is highly sought after by collectors and investors. Its value is determined by several factors, including its condition, rarity, demand, and provenance. If you are interested in purchasing this coin, it is important to do your research and ensure that you are buying from a reputable source.