dollar

The Morgan dollar struck at the New Orleans Mint in 1884 is a notable issue within the series of United States silver dollars produced from 1878 to 1904 and again in 1921. Identified by the “O” mint mark on the reverse below the wreath, this particular coin represents a significant chapter in American numismatic history. For example, an uncirculated example of this specific silver dollar can command a considerable premium over its bullion value due to its condition and collectibility.

This specific coin holds importance for several reasons. Its mintage figures contribute to its relative scarcity compared to other Morgan dollars, thus impacting its value. Furthermore, it provides insight into the economic conditions and mint operations of the late 19th century United States, reflecting the significant role silver played in the nation’s monetary system during that era. The historical context surrounding its production is a key factor in its desirability among collectors.

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This United States coin, minted in 1882 at the New Orleans Mint, is a tangible piece of American history. The “O” mint mark indicates its origin, distinguishing it from examples produced at other facilities. Composed of 90% silver and 10% copper, its weight and composition are characteristic of the Morgan dollar series.

The value of this particular coin is influenced by factors such as its condition, rarity, and the demand from collectors. Coins in uncirculated condition with strong strikes and minimal blemishes command higher prices. Its historical significance contributes to its collectibility, representing a period of significant economic and social change in the United States, particularly in the South following the Civil War. The New Orleans Mint, marked by the designated letter, played a crucial role in the production of currency during this era.

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This historical currency piece, specifically dated 1880 and associated with the Carson City Mint, represents a tangible link to a pivotal era in American monetary history. These coins, composed of silver, were produced under the stipulations of the Bland-Allison Act, which mandated the purchase of large quantities of silver to be coined into legal tender. The “CC” mintmark designates coins struck at the Carson City Mint in Nevada, a facility operational for a relatively short period and known for its lower mintage numbers, contributing to the desirability among collectors.

The importance of these items lies in their scarcity, historical significance, and intrinsic value. The limited production run at the Carson City Mint, coupled with the silver content, elevates its worth significantly. Furthermore, it provides a direct connection to the silver mining boom in the American West and the debates surrounding the gold standard versus bimetallism during the late 19th century. Collecting serves as a tangible connection to the past, offering insights into economic policies and historical events of the time.

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