1879 Silver Dollar Coin Value Revealed

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The 1879 Silver Dollar Coin is a highly sought-after collectible item among numismatists and historians. The coin's value can vary greatly depending on several factors, including its condition, rarity, and historical significance. In this article, we will delve into the world of the 1879 Silver Dollar Coin, exploring its history, design, and value.

History of the 1879 Silver Dollar Coin

The 1879 Silver Dollar Coin was minted during the late 19th century, a time of great change and growth in the United States. The coin was designed by George T. Morgan, a renowned numismatist and engraver, who worked at the Philadelphia Mint. The coin's design features a portrait of Lady Liberty on the obverse (front) side and an eagle on the reverse (back) side.

The 1879 Silver Dollar Coin was minted in Philadelphia and had a total mintage of 2.3 million coins. The coin's production was part of the Bland-Allison Act of 1878, which required the U.S. government to purchase a certain amount of silver each month and mint it into coins.

Design and Features

The 1879 Silver Dollar Coin features a stunning design that showcases the artistic skills of George T. Morgan. The obverse side of the coin features a portrait of Lady Liberty, symbolizing freedom and democracy. The reverse side features an eagle, which represents strength and power.

The coin's design is not only aesthetically pleasing but also rich in symbolism. The eagle on the reverse side is holding an olive branch and a bundle of arrows, representing peace and war. The coin's design has undergone several changes over the years, but the 1879 version remains one of the most iconic and sought-after.

Value of the 1879 Silver Dollar Coin

The value of the 1879 Silver Dollar Coin can vary greatly depending on several factors, including its condition, rarity, and historical significance. In general, the coin's value can range from a few hundred dollars to several thousand dollars.

Here are some estimated values for the 1879 Silver Dollar Coin:

• Good condition: $200-$500
• Fine condition: $500-$1,000
• Extra fine condition: $1,000-$2,000
• Mint state condition: $2,000-$5,000
• Proof condition: $5,000-$10,000

Please note that these estimates are approximate and can vary depending on the coin's condition, rarity, and historical significance.

Factors Affecting the Value

Several factors can affect the value of the 1879 Silver Dollar Coin, including:

• Condition: The coin's condition is one of the most important factors affecting its value. Coins in good condition, with minimal wear and tear, can command higher prices.
• Rarity: The 1879 Silver Dollar Coin is relatively rare, especially in good condition. Coins with low mintage numbers or unique features can command higher prices.
• Historical significance: The coin's historical significance can also affect its value. Coins with unique features or those that were minted during significant events can command higher prices.

Collecting the 1879 Silver Dollar Coin

Collecting the 1879 Silver Dollar Coin can be a rewarding hobby, but it requires patience, knowledge, and dedication. Here are some tips for collectors:

• Research: Research the coin's history, design, and value before making a purchase.
• Condition: Always check the coin's condition before making a purchase. Coins in good condition can command higher prices.
• Authentication: Always authenticate the coin before making a purchase. Counterfeit coins can be a problem in the numismatic world.

Tips for New Collectors

Here are some tips for new collectors:

• Start with a budget: Set a budget before making a purchase. Coins can range from a few hundred dollars to several thousand dollars.
• Learn about the coin: Research the coin's history, design, and value before making a purchase.
• Join a community: Join a numismatic community or club to learn from other collectors and stay updated on market trends.

Conclusion

The 1879 Silver Dollar Coin is a highly sought-after collectible item among numismatists and historians. The coin's value can vary greatly depending on several factors, including its condition, rarity, and historical significance. By understanding the coin's history, design, and value, collectors can make informed decisions and build a rewarding collection.

We hope this article has provided you with valuable insights into the world of the 1879 Silver Dollar Coin. Whether you're a seasoned collector or just starting out, we encourage you to share your thoughts and experiences with us.