morgan

This particular United States silver coin, minted in 1898 at the New Orleans Mint (indicated by the “O” mint mark), is a significant artifact from the late 19th century. It is comprised of 90% silver and 10% copper, adhering to the specifications of the Coinage Act of 1873. The coin features a depiction of Liberty on the obverse and an eagle with outstretched wings on the reverse, designs attributed to George T. Morgan, hence the name.

Its importance stems from its historical context and bullion value. These coins circulated widely during their time, reflecting the economic activity of the period. Furthermore, the silver content provides intrinsic value, making them appealing to collectors and investors. The New Orleans Mint examples are often sought after, and their condition significantly influences their collectibility and worth. Scarce varieties or those in exceptional condition command higher premiums.

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The worth of a specific United States coin, minted in 1893 at the New Orleans Mint, hinges on several factors, primarily its condition, rarity, and the prevailing market demand. These coins are highly sought after by collectors due to their age and historical significance. An example would be a coin graded as “Mint State” commanding a significantly higher price than one in “Good” or “Fair” condition.

Understanding the pricing of this particular coin necessitates recognizing its historical context and mintage figures. Coins from this era represent a tangible link to the late 19th century, and their value reflects both their intrinsic silver content and their numismatic appeal. The coin’s potential as an investment, its cultural relevance, and its inherent scarcity all contribute to its desirability among numismatists.

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This particular United States coin represents a significant issue within a popular series of silver currency. Struck at a specific mint facility during the late 19th century, it exemplifies the design and metallic composition standards of its era. Examples of this coinage, depending on condition and rarity, can command substantial premiums over their intrinsic silver value.

The importance of this coin lies in its historical context and the role it played in the nation’s monetary system. The circumstances surrounding its mintage, including silver legislation and economic conditions of the time, contribute to its numismatic appeal. Further, the specific mint mark designates a lower mintage compared to other mints that year, increasing its desirability among collectors. This combination of factors contributes significantly to its value and collectibility.

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