The item in question refers to a genuine United States silver dollar coin minted in the year 1865. Its composition is primarily silver, and its authenticity is critical to its valuation. For example, a coin purported to be from this year and of this type must undergo verification to ensure it is not a counterfeit.
These artifacts possess considerable value due to their age, silver content, historical significance related to the post-Civil War era, and rarity based on the number originally produced and the quantity surviving to the present day. Their desirability stems from their collectible nature, representing a tangible connection to the past, and potential investment appreciation. The condition of the coin greatly impacts its worth; those in pristine state command a premium.