1. Gold Value: The intrinsic value of an 1887 ten dollar gold piece comes from its gold content. Each coin contains 0.4802 troy ounces of gold. Based on the current gold spot price, the gold value of an 1887 ten dollar gold piece can be calculated.
2. Condition: The condition of the coin plays a significant role in determining its value. Factors such as wear, scratches, and overall preservation affect the coin's grade and value. Coins that are in higher grades, such as Mint State (MS) or Proof (PF), are generally more valuable than heavily circulated ones.
3. Rarity: The mintage of an 1887 ten dollar gold piece can influence its rarity and value. The Philadelphia Mint produced 2,545,000 pieces of the 1887 ten dollar gold coin, making it a relatively common date in the series. However, certain varieties or mint errors may exist that enhance the rarity and value of specific coins.
4. Market Demand: The overall demand for gold coins, including the 1887 ten dollar gold piece, can impact its value. Factors like market sentiment, economic conditions, and collector preferences influence the demand for these coins.
Taking these factors into consideration, the value of an 1887 ten dollar gold piece can range from a few hundred dollars for a well-circulated coin to several thousand dollars for a high-grade or rare variety. It's always advisable to consult with reputable coin dealers or experts who can assess the specific coin and provide an accurate appraisal based on its unique characteristics.