This particular coin, struck in 1886 at the New Orleans Mint, represents a tangible piece of late 19th-century American history. It is a dollar coin composed of 90% silver and 10% copper, adhering to the specifications of the Bland-Allison Act of 1878. The “O” mintmark signifies its origin at the New Orleans Mint, one of several facilities that produced these coins. The design features Liberty on the obverse and a majestic eagle on the reverse, common characteristics of this series.
The significance of a specimen minted in 1886 from New Orleans lies in its confluence of factors: historical context, mintage figures, and condition. Its production coincided with a period of economic expansion and westward migration in the United States. The New Orleans Mint, with its own distinct history and operational challenges, contributes to the unique character of coins bearing its mark. The survival rate of examples in various grades contributes to its desirability among numismatists. A well-preserved coin can offer insights into the minting processes and economic conditions of the era.