The worth of an 1884 Morgan dollar, struck at the Philadelphia Mint, is determined primarily by its condition, silver content, and demand among collectors. Coins lacking a mint mark were produced in Philadelphia. Several factors, including the coin’s grade (ranging from Poor to Mint State), affect its numismatic value. Wear and tear, surface marks, and overall eye appeal play significant roles in establishing the final price.
Understanding the potential worth requires considering the historical context. The 1884 Morgan dollar was part of a significant era in American coinage. The absence of a mint mark distinguishes these coins as products of the Philadelphia Mint. High-grade examples are particularly sought after by collectors, offering tangible links to 19th-century commerce and minting practices. A well-preserved example can represent a valuable historical artifact as well as a monetary asset.