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Not at all. That means your coin was minted in Philadelphia. There's a list of values available at many sites; for ex. http://www.numismedia.com/fmv/prices/mordlr/pricesgd.shtml

Until 1979-80, Philadelphia coins did not carry a mint mark. The only exception was during WW2 when nickels carried the "P" mark due to a composition change to save metal for the war effort.

In 1979 the Mint decided that Philadelphia coins should also all have mint marks. The "P" mark was added to dollar coins in 1979 and to all others except the cent in 1980. It was decided to leave the P mint mark off the cent because small numbers of cents are sometimes struck at San Francisco and/or West Point when demand warrants. The Mint did not want to create artificial rarities versus the enormous quantities struck at Philadelphia and Denver


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18y ago

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How rare is the Morgan silver dollar?

The Morgan silver dollar is a collectors item and can be about $39


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An 1879 "Silver Dollar" is a Morgan dollar.


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A Morgan dollar IS a silver dollar. The term Morgan refers to the designer George T. Morgan who created the images used from 1878 to 1904 and in 1921.


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The Morgan Silver Dollar can range from $25 to $70, and the Peace Silver Dollar from $50 to $300.


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