This particular United States coin, minted at a specific location and year, represents a significant piece of American numismatic history. It contains approximately 0.7734 troy ounces of pure silver and was authorized by the Bland-Allison Act of 1878. As an example, a well-preserved specimen can fetch a substantial price on the collector’s market.
The coin’s value extends beyond its silver content, encompassing historical significance, rarity, and aesthetic appeal. Its production occurred during a period of economic and political change, adding context to its historical importance. Mintmarks, indicative of the originating facility, significantly affect the coin’s desirability and market value due to variations in production quantities.