The 1892-O Morgan dollar represents a specific issue within the broader series of United States silver dollars minted from 1878 to 1904, and again in 1921. The “O” mint mark signifies that the coin was struck at the New Orleans Mint. These coins contain approximately 0.7734 troy ounces of silver. The design features Anna Willess Williams as the model for Liberty on the obverse and a bald eagle clutching arrows and an olive branch on the reverse.
Its historical significance stems from its place within the larger context of the silver controversy of the late 19th century, driven by the Bland-Allison Act and later the Sherman Silver Purchase Act. The New Orleans Mint played a crucial role in processing the mandated silver purchases, contributing to the volume of these particular coins in circulation. Collectors value these coins based on factors such as condition, rarity (influenced by mintage figures and survival rates), and the presence of errors. The New Orleans Mint, known for often producing coins of lower strike quality, can impact the value of these pieces.
