Is a 1879 silver dollar rare? This question often comes to the minds of coin collectors and enthusiasts alike. The 1879 silver dollar, also known as the Morgan dollar, holds a special place in the numismatic world due to its historical significance and scarcity. In this article, we will delve into the factors that contribute to its rarity and why it is considered a highly sought-after piece among collectors.
The 1879 silver dollar is a part of the Morgan dollar series, which was minted from 1878 to 1904, and again in 1921. The coin was named after its designer, George T. Morgan, who created the iconic image of Lady Liberty on the obverse and an eagle on the reverse. The 1879 edition, however, stands out for its limited mintage and unique characteristics.
One of the primary reasons the 1879 silver dollar is rare is due to its low mintage. According to the United States Mint, only 3,006,000 pieces were produced that year. This relatively small number, when compared to other Morgan dollar years, makes the 1879 edition a highly coveted piece. The rarity of the coin is further compounded by the fact that many of these coins were melted down for their silver content during the Great Depression and World War II.
Another factor that contributes to the 1879 silver dollar’s rarity is the presence of various mint marks. The coin was minted at three different locations: Philadelphia, New Orleans, and Carson City. Each mint mark adds to the coin’s value and desirability among collectors. For instance, the Carson City mint mark is particularly rare, making coins with this mint mark highly sought after.
The condition of the 1879 silver dollar also plays a significant role in its value. Collectors and dealers often grade coins on a scale from MS-60 (Mint State 60) to MS-70 (Mint State 70), with the higher the grade, the more valuable the coin. Uncirculated coins, especially those in the MS-65 to MS-70 range, are particularly rare and can fetch high prices at auction.
In addition to its rarity, the 1879 silver dollar holds historical significance. It was produced during a period of significant economic and social change in the United States. The coin’s design reflects the nation’s pride in its industrial progress and its expanding reach across the continent. As a result, the 1879 silver dollar has become a symbol of American history and ingenuity.
In conclusion, the 1879 silver dollar is indeed a rare and highly sought-after coin among collectors. Its limited mintage, unique mint marks, and historical significance all contribute to its value. Whether you are a seasoned collector or just starting out, the 1879 silver dollar is a coin worth exploring and appreciating for its unique place in American numismatic history.
