This particular United States coin, struck in 1884 at the New Orleans Mint, is a valuable piece of American numismatic history. Its composition is primarily silver, and it is classified as a dollar denomination. The ‘O’ mint mark signifies its origin and is a key identifier. Examples of this coin can vary widely in price, depending on their condition and rarity.
The significance of this coin lies in its intrinsic silver value, historical context, and collectibility. It represents a specific period of United States coinage and reflects the economic conditions of that era. Collectors are drawn to it due to its scarcity in certain grades, potential for investment appreciation, and the story it tells about the nation’s past. The New Orleans Mint was particularly important for Southern commerce during the late 19th century, adding to the coin’s allure.