1887 Morgan Silver Dollar Value No Mint Mark
The 1887 Morgan Silver Dollar is one of the most popular coins among collectors. This particular coin is highly sought after due to its rarity and historical significance. The Morgan Silver Dollar was first minted in 1878 and continued to be minted until 1904, and then again in 1921. The 1887 Morgan Silver Dollar is a rare coin because it was produced without a mint mark.
What is a Morgan Silver Dollar?
The Morgan Silver Dollar is a silver coin that was minted in the United States from 1878 to 1904, and then again in 1921. The coin was designed by George T. Morgan, who was an assistant engraver at the United States Mint. The coin was named after him, and it features Lady Liberty on the obverse and an eagle on the reverse.
Why is the 1887 Morgan Silver Dollar without a mint mark?
The United States Mint produced Morgan Silver Dollars at four different locations: Philadelphia, New Orleans, San Francisco, and Carson City. The mint mark on the coin indicates where it was minted. However, the 1887 Morgan Silver Dollar was produced at the Philadelphia Mint without a mint mark. This was because the Philadelphia Mint did not use mint marks until 1942.
What is the value of the 1887 Morgan Silver Dollar without a mint mark?
The value of the 1887 Morgan Silver Dollar without a mint mark varies depending on its condition. A coin in excellent condition can be worth thousands of dollars, while a coin in poor condition may only be worth its silver content. As of 2021, the value of an 1887 Morgan Silver Dollar without a mint mark ranges from $30 to $5000.
Factors that Affect the Value of the 1887 Morgan Silver Dollar without a mint mark
The value of the 1887 Morgan Silver Dollar without a mint mark can be affected by several factors, including:
- Condition: The condition of the coin is one of the most important factors that determine its value. A well-preserved coin with minimal damage will be worth more than a coin that is heavily worn or damaged.
- Rarity: The rarity of the coin also affects its value. The 1887 Morgan Silver Dollar without a mint mark is rare compared to other Morgan Silver Dollars that were produced with mint marks.
- Historical significance: Coins with historical significance are often more valuable than coins that do not have any historical significance.
How to Determine the Condition of the 1887 Morgan Silver Dollar without a mint mark
The condition of the 1887 Morgan Silver Dollar without a mint mark can be determined by examining its luster, strike, and wear. Coins with a full strike and a high level of luster are considered to be in excellent condition. Coins with wear and damage are considered to be in poor condition. The grading system used by coin collectors ranges from Poor (P) to Perfect Uncirculated (MS-70).
Where to Buy the 1887 Morgan Silver Dollar without a mint mark
The 1887 Morgan Silver Dollar without a mint mark can be purchased from coin dealers, online coin marketplaces, and auction houses. It is important to do your research and buy from a reputable dealer to ensure that you are getting an authentic coin. You can also check the grading and certification of the coin to ensure that it is in the condition that the seller claims it to be.
Conclusion
The 1887 Morgan Silver Dollar without a mint mark is a rare and valuable coin that is highly sought after by collectors. Its historical significance and rarity make it a prized possession for many collectors. The value of the coin varies depending on its condition, rarity, and historical significance. If you are interested in purchasing an 1887 Morgan Silver Dollar without a mint mark, it is important to do your research and buy from a reputable dealer to ensure that you are getting an authentic coin.