The price and worth of a specific United States coin, minted in 1889 with a design featuring Liberty and an eagle, is multifaceted. Several factors influence its overall worth. These elements include the coin’s condition, its mint mark (or lack thereof), and the prevailing market demand among collectors and investors. For example, an example graded as “Mint State” by a reputable grading service can command a significantly higher price than a circulated one.
Understanding the factors impacting the monetary worth of such a coin is beneficial for numismatists and those seeking to understand the coin market. Its historical context as part of a larger series of silver coinage adds to its allure. The Coinage Act of 1873 and subsequent legislation impacted its production. The historical significance is a critical driver in what collectors are willing to pay, especially when coupled with rarity or exceptional condition.