This particular United States coin, minted in 1881 at the New Orleans Mint (indicated by the “O” mint mark), represents a significant piece of American numismatic history. It is a silver dollar of a specific design, bearing the likeness of Liberty on the obverse and an eagle on the reverse. The “O” mint mark signifies its origin and can affect its value.
The coin’s historical importance lies in its role during the late 19th-century silver standard debates and its subsequent impact on the nation’s economy. Beyond its economic function, it is a tangible link to a bygone era, a time of westward expansion, industrial growth, and evolving monetary policies. Its intrinsic value as silver, combined with its collector’s appeal based on condition, rarity (determined by mintage figures), and historical significance, contribute to its desirability.