1887 Morgan Silver Dollar O Mint Mark Value
Introduction
The 1887 Morgan Silver Dollar is a popular coin among collectors and investors. It was produced by the United States Mint and is named after its designer, George T. Morgan. This particular coin has an "O" mint mark, which means it was minted in New Orleans. The value of this coin can vary depending on a number of factors, including its condition, rarity, and historical significance.
History of the 1887 Morgan Silver Dollar O Mint Mark
The Morgan Silver Dollar was first minted in 1878 and was produced until 1904. It was then revived for one year in 1921. The 1887 Morgan Silver Dollar with an "O" mint mark was minted in New Orleans. The New Orleans Mint was one of the main mints for the production of silver and gold coins during the 19th century. The "O" mint mark on the coin signifies its origin from this mint.
Condition of the Coin
The condition of the coin is a crucial factor in determining its value. The 1887 Morgan Silver Dollar with an "O" mint mark should be in excellent condition to fetch a high value. The coin should be free of scratches, nicks, or other forms of damage. Additionally, the coin should have a clear and sharp design with all the inscriptions visible.
Rarity of the Coin
The rarity of the 1887 Morgan Silver Dollar with an "O" mint mark is another factor that affects its value. The coin has a mintage of 11,550,000, which makes it relatively common. However, the coin's rarity can be determined by its survival rate. The coin's rarity increases if it is found in excellent condition and has not been circulated.
Historical Significance of the Coin
The historical significance of the 1887 Morgan Silver Dollar with an "O" mint mark can affect its value. This coin was minted during a time when the United States was undergoing significant changes. It represents a time when silver was a valuable commodity and was used to back the US dollar. The coin's historical significance can increase its value, especially if it has a specific historical association.
Value of the Coin
The value of the 1887 Morgan Silver Dollar with an "O" mint mark can vary depending on its condition, rarity, and historical significance. As of 2021, this coin is valued at around $25 to $30 in good condition. However, if the coin is in excellent condition and has a high level of rarity or historical significance, its value can increase significantly.
Factors that Affect the Value of the Coin
Several factors can affect the value of the 1887 Morgan Silver Dollar with an "O" mint mark. These include:
- Condition of the coin
- Rarity of the coin
- Historical significance
- Demand from collectors and investors
- Market conditions
Where to Buy and Sell the Coin
The 1887 Morgan Silver Dollar with an "O" mint mark can be bought and sold through various channels. These include:
- Auctions
- Online marketplaces
- Local coin dealers
- Numismatic shows and events
Conclusion
The 1887 Morgan Silver Dollar with an "O" mint mark is a valuable and historic coin that is sought after by collectors and investors. Its value can vary depending on several factors, including its condition, rarity, and historical significance. If you are interested in buying or selling this coin, it is important to do your research and work with reputable dealers and sellers.