Value Of 1889 Silver Dollar No Mint Mark
If you are a coin collector, then you are probably familiar with the 1889 Silver Dollar No Mint Mark. This coin is one of the most sought after coins in the numismatic world. It is a rare coin that has a lot of value. In this article, we will discuss the value of the 1889 Silver Dollar No Mint Mark and why it is so valuable.
What is the 1889 Silver Dollar No Mint Mark?
The 1889 Silver Dollar is a coin that was minted in the United States. It is made of 90% silver and 10% copper. The coin was designed by George T. Morgan, who was an assistant engraver at the United States Mint. The coin has a diameter of 38.1 mm and a weight of 26.73 grams.
The 1889 Silver Dollar was minted in four different locations: Philadelphia, New Orleans, San Francisco, and Carson City. However, the 1889 Silver Dollar No Mint Mark was only minted in Philadelphia. This makes it a rare coin and highly valuable to collectors.
Why is the 1889 Silver Dollar No Mint Mark valuable?
The 1889 Silver Dollar No Mint Mark is valuable because of its rarity. There were only 811,750 of these coins minted, which is a relatively small number compared to other coins of the time. Additionally, the fact that it was only minted in Philadelphia makes it even rarer.
Another reason why the 1889 Silver Dollar No Mint Mark is valuable is because of its condition. The coin is considered to be in excellent condition if it has no wear and tear on it. Coins that are in excellent condition are worth more than coins that are worn.
How much is the 1889 Silver Dollar No Mint Mark worth?
The value of the 1889 Silver Dollar No Mint Mark varies depending on its condition. If the coin is in excellent condition, it can be worth thousands of dollars. However, if the coin is worn, it may only be worth a few hundred dollars.
In 2019, an 1889 Silver Dollar No Mint Mark sold for $120,000 at an auction. This goes to show just how valuable this coin can be.
Conclusion
The 1889 Silver Dollar No Mint Mark is a rare and valuable coin for collectors. Its rarity and condition make it highly sought after by numismatists. If you are lucky enough to have one of these coins in your collection, it is important to take care of it and ensure that it remains in excellent condition. This will ensure that it retains its value and continues to be a prized possession for years to come.