The item in question refers to a United States silver dollar minted in 1887, bearing the Morgan design. This coin contains approximately 0.7734 troy ounces of silver and was a product of the Comstock Lode silver rush era. An example is a coin struck at the Philadelphia Mint in 1887, marked with no mint mark, or one produced at the New Orleans Mint, designated by an “O” mint mark.
These particular pieces hold significance for collectors due to their historical context as representative currency of the late 19th century American economy. Their inherent silver content gives them intrinsic value, while their collectibility drives additional worth based on factors like mint mark, condition (graded using standards like the Sheldon scale), and rarity of specific varieties or errors. These coins offer a tangible link to the silver standard era and the artistry of George T. Morgan’s design.