This particular United States silver coin, minted in 1892 at the Carson City Mint, represents a tangible piece of American history. It is composed of 90% silver and 10% copper and features a design by George T. Morgan. Examples in uncirculated condition are highly sought after by numismatists.
Its value stems from a confluence of factors including its age, historical context of its minting location, intrinsic silver content, and condition. The Carson City Mint, operating for a limited time in Nevada, produced coins that now carry a premium due to lower mintage numbers compared to other mints. Its existence signifies a key period in the silver mining boom and Western expansion of the United States.