1886 Morgan Silver Dollar Value No Mint Mark
Introduction
The 1886 Morgan Silver Dollar is a popular coin among collectors and investors. This coin was produced by the United States Mint from 1878 to 1904 and in 1921. The Morgan Silver Dollar is named after its designer, George T. Morgan, who was an assistant engraver at the United States Mint.
The History of the 1886 Morgan Silver Dollar
The 1886 Morgan Silver Dollar was minted in Philadelphia, New Orleans, San Francisco and Carson City. The coin has no mint mark, which means it was minted in Philadelphia. The Philadelphia Mint produced the most Morgan Silver Dollars of any mint, which makes the no mint mark coins more common than those from other mints.
The Design of the 1886 Morgan Silver Dollar
The obverse side of the coin features Lady Liberty with a cap on her head, surrounded by stars and the words "E Pluribus Unum" which means "Out of many, one". The reverse side of the coin features an eagle with outstretched wings, holding arrows and an olive branch, surrounded by the words "United States of America" and "One Dollar".
The Value of the 1886 Morgan Silver Dollar
The value of the 1886 Morgan Silver Dollar with no mint mark varies depending on its condition and rarity. The coin is made of 90% silver and 10% copper, which gives it a melt value based on the current price of silver. However, collectors and investors are willing to pay more for coins in better condition or with a lower mintage.
The Condition of the 1886 Morgan Silver Dollar
The condition of the 1886 Morgan Silver Dollar is an important factor in determining its value. The coin is graded on a scale from 1 to 70, with 70 being a perfect coin. Coins in lower grades may have damage or wear that affects their value. Coins in higher grades are more valuable because they are rarer and in better condition.
The Rarity of the 1886 Morgan Silver Dollar
The rarity of the 1886 Morgan Silver Dollar also affects its value. Coins with a lower mintage are rarer and more valuable than coins with a higher mintage. The mintage of the 1886 Morgan Silver Dollar with no mint mark is 19,963,000, which is relatively high compared to other Morgan Silver Dollars. However, this coin is still valuable because of its popularity among collectors.
Factors That Affect the Value of the 1886 Morgan Silver Dollar
Several factors affect the value of the 1886 Morgan Silver Dollar with no mint mark, including:
- The condition of the coin
- The rarity of the coin
- The demand for the coin
- The availability of the coin
- The current price of silver
How to Determine the Value of the 1886 Morgan Silver Dollar
If you have an 1886 Morgan Silver Dollar with no mint mark and you want to determine its value, you can use several resources, including:
- Coin price guides
- Online coin auctions
- Professional coin appraisers
Coin Price Guides
Coin price guides are a valuable resource for determining the value of the 1886 Morgan Silver Dollar. These guides provide a range of values based on the condition and rarity of the coin. Some popular coin price guides include the Red Book and the Blue Book.
Online Coin Auctions
Online coin auctions are another resource for determining the value of the 1886 Morgan Silver Dollar. These auctions allow you to see what other coins are selling for and what people are willing to pay for them. Some popular online coin auction sites include eBay and Heritage Auctions.
Professional Coin Appraisers
If you want a more accurate appraisal of your 1886 Morgan Silver Dollar, you can consult with a professional coin appraiser. These experts can evaluate the condition and rarity of your coin and provide you with a fair market value. Some professional coin appraisers include NGC and PCGS.
Conclusion
The 1886 Morgan Silver Dollar with no mint mark is a valuable coin that is popular among collectors and investors. Its value is determined by its condition, rarity, demand, availability, and the current price of silver. If you have an 1886 Morgan Silver Dollar and you want to determine its value, you can use coin price guides, online coin auctions, or consult with a professional coin appraiser.