Dora has brought us an interesting piece. It is a replica of a US Goloid Dollar. If it were real, it would be worth several thousands of US dollars. The replica is worth a few dollars. Values for genuine coins are tucked away in coin catalogs and range from $2500 to $10000 US dollars. You can find a picture of the genuine coin at CoinAucstionsHelp. The nice-looking genuine coin at HeritageAuctions sold for $3700.
The first test of authenticity should be weight. If your coin weighs 14.25 grams, it may be real. If it does not weigh 14.25 grams, it is fake. Most of the coins you see today are fakes.
Now, according to those Smarty Pants over at Answerbag:
'Goloid is an alloy of silver, gold and copper patented by Dr. William Wheeler Hubbell on May 22, 1877. The alloy, in varying proportions (sometimes slightly out of these specifications), was used by the United States Mint to strike pattern dollars, sometimes called 'metric dollars' (some were marked with 'metric' in the coin design, while all had metal proportions and total coin weight as design features) from 1878 to 1880. Patterns of the same design were struck in other metals, including aluminum, copper, normal coin silver, lead, and white metal.
In the end, goloid was rejected as a coinage metal because it could not be distinguished from the normal U.S. 90% silver coin alloy without chemical analysis, thus inviting counterfeiters to use silver-copper alloys alone to make lower-value copies.'
The 1879 silver dollar value depends so much on both the mint it was struck at – and the condition – that it is difficult to give a finite price for an 1879 silver Morgan dollar. As a rough ballpark figure, you can pay anywhere between $15 and $47,000 for one. Current silver melt value. for a 1879 O is $20.68 and this price is based off the current silver spot price of $26.74 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Want to join CoinTrackers and Track Your Coins 100% FREE? More of the Same 1893 Morgan Silver Dollar. The 1878 Morgan silver dollar has a diameter of 38.1 mm and a mass of 26.73 grams. Compositionally, the coin is 90% silver and 10% copper. Valuing the 1878 Morgan Silver Dollar. There are three main factors that contribute to the value of an 1878 Morgan silver dollar: the grade, the mint mark, and the variety.
1879 Silver Dollar How Much Is It Worth
Created (yyyymm): 200909, Last review: 201410
Appearance: Normal round coin Metallic gray Letters: Latin
Years: sort: 1878, filter: 1878 to 1879
Image: us_goloid_dollar_replica.jpg
Original inquiry: head:e pluribusunum written on top, liberty wriiten on head band of head, wheat in hair, 7 stars to left of head and 6 to right, 1878 bottom of head, back: united states of america, 38 stars aroung 6 lines of words- goloid -metric - 1-g. - 16.1-s. - 1.9-c. - grams14.25 , bottom of coin 100 cents circle stars circle ring star starburst
1879 Silver Dollar Value Bu
by Deb Question: I have several morgan dollars ranging from 1900 to 1922. I have looked for the mint mark, under the eagle and above the 'D', but cannot see a mint mark there. Where do I look now? My Answer: If you don't see a mint mark on a Morgan Silver Dollar, it just means that it was minted at the United States Mint in Philadelphia. Since the Philadelphia Mint was the first mint established in the United States, and the only one for a long time, no mint marks were necessary since everyone knew that all United States coins were coming from the Philadelphia Mint. Later, when other mints were established, they each used a different mint mark to distinguish which mint made each coin. Coins from Philadelphia, however, still did not bear mint marks. The first 'P' mint mark did not appear on United States coins until 1942. To read more about mint marks on United States coins, and to learn when a 'P' mint mark was actually used on coins from the Philadelphia Mint, go to The Historical Use of Mint Marks and scroll down the page a little ways. I should also mention that this not only applies to Morgan Silver Dollars, but to all United States coins. If there is not a mint mark on the coin, you can assume that it was minted at the Philadelphia Mint. Keep in mind, however, that there were a few years when mint marks were not used on any United States coins. In an attempt to keep collectors from knowing which coins were made at the branch mints in smaller numbers (limited strikes), the Coinage Act of 1965 approved the dropping of mint marks from all coins. It was believed this would put a stop to coin shortages caused by collectors hoarding limited strikes, so United States coins dated 1965 through 1967 do not have mint marks and it is impossible to tell which mint they came from. If you have any further questions about mint marks on United States coins, click the link below and add it to the comments section of the page and I will try my best to answer quickly. | ||
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