Mint Marks and Value of the 1879 Silver Dollar
The 1879 silver dollar was one of the silver coins produced in the late 1800’s by acclaimed engraver George T. Morgan. The silver dollar of 1879 was produced after the Bland-Allison Act that required the Treasury to buy a specified amount of silver and turn it into coins.
The coin contains 0.77 ounces of silver which is worth approximately $11. The value of the coin, even in poor condition is worth at least $19 which is higher than its equivalent silver melt value. Here is a breakdown of the mint marks and variations, factors that affect its value, and how to accurately value your coin.
Mint Marks and Variations
The silver dollar of 1879 contains 5 mint marks with 6 variations. You can locate the mint marks under the bow, on the back of the coin or underneath the bald eagles’ tail.
No Mint Mark: Those with no mint mark were from the main mint in Philadelphia.
1879 Silver Dollar: These coins were from the Carson City Mints. They are considered to be of premium value since a limited number of these coins were produced. There are two variations:
Clear “CC”: It contains a clear CC mark as compared to “Capped Die or CC over CC”.
Capped Die/ “CC” over “CC”: On this coin, the “CC” mark was struck over another CC mark resulting in a messy mint mark.
1879 “O” Silver Dollar: This shows that the coin was minted in New Orleans.
1879 “S” Silver Dollar: This indicates the coin was minted in San Francisco. There are two varieties of this coin:
The Reverse of 1878: The distinguishing feature is that the eagle has a noticeable flat concave breast.
The Reverse of 1879: The eagle at the back has a more rounded breast compared to the reverse 1878 coin.
1879 Pattern Dollar
Another highly valued silver dollar is the pattern dollar or the schoolgirl design which was also the work of engraver George T. Morgan. It features the youthful bust of Miss Liberty facing left with seven stars above her head. At the back is an eagle standing over the words “IN GOD WE TRUST.” This is a highly valued coin and unique design.
How to Value and Store Your 1879 Silver Coins
The beauty and value of silver coins has made it one of the most sought-after items for collectors. Below are different grades you can use to determine the value of your coins.
Uncirculated: They are referred to as uncirculated because their conditions suggest that they have not been in circulation or have been in circulation briefly. They have their texture intact and are considered to be the most valuable coins.
Extremely Fine: They show very little wear and their texture is largely intact. It has a higher price tag than the fine grade.
Fine: This is a coin with light damage to its texture and a few scratches.
Good: This is the lowest grade for 1879 silver coins. The coin may be bent and may also be chipped and heavily scratched.
Since the quality of the coins affects its value, here are a few tips to properly store your 1879 silver dollar.
Cool and Ventilated: Store your coins in a cool and well-ventilated place to avoid damage by moisture. Excess heat or cold can speed up the damage of the coins by factors such as moisture.
Exposure to Chemicals: Store in an area where the coins will not be exposed to acids or chlorine. Common detergents and furniture may contain some of these chemicals which may cause the coin to lose its tone and tarnish.
Handling: Handle your coins with care, avoid touching the inside of the coin. Hold the coin by its edges and be careful not to drop it on a hard surface.
Security: Silver coins are valuable and you, therefore, need to store them safely. Consider installing a good security system.