The item in question is a United States silver coin minted in 1923. It belongs to a series of coins known for its distinct design, featuring Liberty on the obverse and an eagle on the reverse. Its composition is primarily silver, with a small percentage of copper added for durability. Examples of this coin can range significantly in value depending on their condition, mint mark, and other factors that affect collectibility.
The coin occupies a notable position in numismatic history, representing a period of significant silver production in the U.S. Its perceived value stems from a combination of its intrinsic metal content, its historical significance as a circulating currency, and its appeal to collectors. Scarcity, determined by mintages and survival rates in various grades, greatly influences the worth. Many consider it a tangible piece of American history, connecting the present to a bygone era of commerce and artistry.