This phrase refers to the monetary worth of a specific United States coin produced in 1901 at the New Orleans Mint. The “O” mint mark signifies its origin, distinguishing it from those struck at other mints like Philadelphia, Carson City, or San Francisco. Its worth is significantly impacted by its condition, ranging from heavily circulated examples, worth close to its silver content, to pristine, uncirculated specimens commanding substantial premiums.
The coin’s worth stems from several factors. Silver content contributes a baseline value, but numismatic interest due to its age, historical significance, and the New Orleans Mint’s production quantities significantly elevate its price. Scarce varieties and exceptional preservation amplify its potential worth, making it a sought-after piece for collectors. Understanding the coins provenance and characteristics is vital for assessing its true worth.