The worth of a specific United States coin, minted in 1887 at the New Orleans Mint, is dependent on several factors. Key among these are its condition, the presence of any mint errors, and current market demand. Coins exhibiting minimal wear and tear, designated as uncirculated or mint state, generally command higher prices. Furthermore, the presence of unique imperfections introduced during the minting process can dramatically increase its collectible appeal.
This particular coin represents a tangible link to late 19th-century American history and the silver standard era. Its intrinsic silver content contributes to its overall value, while its historical significance and collectibility drive demand among numismatists. Understanding the factors that influence its price allows collectors and investors to make informed decisions regarding acquisition and potential appreciation. Its historical context adds layers of meaning beyond its monetary denomination.