The determination of a 1879 silver dollar’s value hinges on several factors, including its mint mark, condition, and any unique characteristics it may possess. Coins in pristine, uncirculated condition command significantly higher prices than those showing signs of wear and tear. The presence or absence of a mint mark, and which mint produced the coin (Philadelphia, Carson City, or New Orleans), also dramatically influences its worth.
Understanding the factors affecting a coin’s desirability is crucial for both collectors and sellers. Historical context plays a key role; for instance, Carson City minted coins generally carry a premium due to their lower mintage numbers. The metallic composition of the coin, being primarily silver, also influences its inherent value, which fluctuates with silver market prices. This inherent value serves as a baseline, upon which numismatic value is added based on rarity and condition.