The item represents a specific United States silver coin minted in 1887 at the New Orleans Mint, indicated by the “O” mint mark. These coins contain approximately 0.7734 troy ounces of silver and were a product of the Bland-Allison Act, intended to remonetize silver. This particular coin’s value is influenced by its condition (graded on a scale), rarity (affected by mintage numbers and survival rates), and silver bullion price.
Owning such a coin offers several potential benefits. It can be a tangible store of value, particularly during times of economic uncertainty. It provides a direct connection to American history, representing a specific period of economic and political policy. Its value can appreciate over time, depending on market factors, making it a potentially profitable investment vehicle for collectors and investors. Furthermore, its intrinsic silver content provides a base level of value regardless of numismatic interest.