silver

The item in question is a United States silver coin produced in 1883 at the New Orleans Mint. Its denomination is one dollar, and it is comprised of 90% silver and 10% copper. The coin is a valuable piece of numismatic history and often sought after by collectors. The O mint mark indicates its origin and often influences its value.

These coins represent a significant era in American history, reflecting the country’s economic growth and westward expansion during the late 19th century. They serve as tangible artifacts of the silver mining boom and the debates surrounding monetary policy at the time. The New Orleans Mint played a crucial role in coin production, and examples struck there offer a unique glimpse into the regions economic activity.

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This specific United States silver coin, minted in 1882 at the Carson City Mint, represents a tangible piece of American history. It is a valuable collectible, sought after by numismatists for its silver content, historical significance, and relative rarity compared to other Morgan Silver Dollars. The “CC” mintmark distinguishes it as originating from the Carson City Mint, a location that operated for only a relatively short period, adding to its collectibility. An example would be a certified 1882-CC coin in uncirculated condition, which would command a significantly higher price than a circulated example.

The coin holds importance due to its historical context within the silver mining boom of the late 19th century and the economic policies that drove its production. The Bland-Allison Act of 1878 required the U.S. Treasury to purchase large amounts of silver and coin it into silver dollars, contributing to the production of coins like this one. Its value is derived not only from its intrinsic silver content but also from its scarcity, condition, and the story it tells about a specific period in American economic and political history. Benefits of owning it include its potential as an investment, its historical value, and the prestige of possessing a tangible artifact from the Old West.

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This particular United States coin refers to a silver dollar minted in 1881 at the San Francisco Mint. It is characterized by its composition of 90% silver and 10% copper, a weight of 26.73 grams, and a diameter of approximately 38.1 millimeters. Its obverse features a depiction of Liberty, while the reverse displays an eagle holding an olive branch and arrows. The “S” mint mark, located on the reverse beneath the wreath, denotes its origin from the San Francisco Mint.

This coin holds significance for collectors due to its historical context, silver content, and potential rarity depending on its condition and mintage figures. The era in which it was produced saw widespread use of silver in coinage. Its intrinsic silver value, coupled with the coin’s collectibility, contributes to its desirability. Furthermore, specific examples exhibiting exceptional preservation or unique characteristics can command substantial premiums in the numismatic market.

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