The item in question is a United States legal tender coin struck in 2013 containing .999 fine silver. These coins are typically issued to commemorate a person, place, event, or institution. They hold a face value of one dollar and are primarily collected for their intrinsic metal value, design, and historical significance, rather than for general circulation.
Such commemorative issues serve several purposes. They raise funds for designated organizations or projects through surcharges added to the purchase price. They honor important aspects of national heritage, educating the public and preserving memories of key events and figures. Furthermore, they provide tangible assets for collectors, often appreciating in value over time depending on factors like mintage figures, condition, and collector demand.