The item in question is a United States dollar coin, composed of approximately 90% silver and 10% copper. It was minted in 1891 as part of a series of silver dollars authorized by the Bland-Allison Act and designed by George T. Morgan. Specimens can be found in varying conditions, ranging from circulated to uncirculated, which significantly affects their value.
These coins hold considerable significance due to their historical context, representing a period of American industrial expansion and the silver mining boom. The numismatic value stems from their silver content, scarcity based on mintage figures and surviving examples, and the demand from collectors. Preserved examples offer a tangible link to the late 19th century and represent a widely collected piece of American coinage history.