The economic worth of an 1879 Morgan silver dollar is multifaceted, influenced by factors such as its condition (graded on a scale), mint mark (identifying the issuing mint), and the presence of any errors or varieties. These elements collectively determine its desirability among collectors and investors, which directly impacts the price it commands in the numismatic market. An example would be an 1879-S dollar in uncirculated condition, which typically fetches a higher sum than a circulated example from the same mint.
Understanding the assessment of these historical silver pieces is important for both seasoned numismatists and individuals new to coin collecting. The inherent silver content provides a baseline value, but rarity, historical significance, and aesthetic appeal significantly elevate potential worth. These coins represent a tangible piece of American history and offer a unique avenue for investment and historical preservation.