This particular numismatic item refers to a United States silver dollar minted in 1879 at the New Orleans Mint, denoted by the “O” mint mark. Its worth is determined by factors such as condition, rarity, and silver content, and can fluctuate significantly based on market demand and collector interest. A coin in circulated condition will generally have a lower price than one in uncirculated, or mint state.
The significance of this coin stems from its historical context as part of the larger Morgan silver dollar series, which represents a pivotal era in American coinage. The New Orleans Mint’s production adds another layer of interest, as its coins sometimes exhibit unique characteristics or variations. Higher grade examples are sought after by collectors, making them a valuable asset within a collection. The silver content itself also contributes to its intrinsic value, making it a tangible form of wealth.