E Pluribus Unum 1879 O Silver Dollar Value
Introduction
E Pluribus Unum 1879 O Silver Dollar is one of the most sought-after coins among collectors. It is a valuable piece of American history and holds significant cultural and numismatic value. If you are a coin collector or interested in learning about these coins, this article will provide you with a detailed guide on the value of E Pluribus Unum 1879 O Silver Dollar.
History
The E Pluribus Unum 1879 O Silver Dollar was minted in New Orleans and is one of the few silver dollars that were produced at this mint. Its design was inspired by the goddess Liberty, and its reverse side features an eagle with outstretched wings. The coin's name is derived from the Latin phrase "E Pluribus Unum," which means "Out of many, one." This phrase is inscribed on the coin's obverse side, along with the year of production.
Value
The value of E Pluribus Unum 1879 O Silver Dollar depends on several factors, including its condition, rarity, and demand among collectors. The coin's condition is graded on a scale from 1 to 70, with 70 being a perfect coin. A coin in uncirculated condition can fetch a higher price than a circulated one.
As of 2021, the value of an E Pluribus Unum 1879 O Silver Dollar in uncirculated condition ranges from $800 to $4,500, depending on its grade. A coin in circulated condition can fetch between $35 to $250, depending on its grade and wear.
Rarity
The E Pluribus Unum 1879 O Silver Dollar is considered a rare coin due to its low mintage. Only 2,887,000 coins were produced, making it one of the lowest mintage years for silver dollars. Its rarity contributes to its high value among collectors.
Collectibility
The E Pluribus Unum 1879 O Silver Dollar is highly collectible among numismatists, or coin collectors. Its historical significance and rarity make it a prized addition to any collection. Collectors may seek out coins in different grades or varieties, such as proof or uncirculated coins. Some collectors may also collect coins with specific mint marks, like the "O" mint mark on the E Pluribus Unum 1879 O Silver Dollar.
Counterfeits
As with any valuable coin, there are counterfeit E Pluribus Unum 1879 O Silver Dollars on the market. Collectors should be cautious when purchasing coins and ensure they are buying from a reputable dealer. Some signs of a counterfeit coin include incorrect weight, size, or design, or a lack of detail in the coin's design.
Conclusion
E Pluribus Unum 1879 O Silver Dollar is a valuable coin with a rich history and cultural significance. Its rarity and collectibility make it a prized addition to any coin collection. When purchasing an E Pluribus Unum 1879 O Silver Dollar, collectors should be aware of its value, rarity, and potential for counterfeits. By understanding these factors, collectors can add a valuable piece of American history to their collection.