The specified coin represents a particular issue of the Morgan silver dollar series, minted in 1885 at the New Orleans Mint. The “O” mintmark identifies its origin. These coins, composed of 90% silver and 10% copper, were a standard circulating currency in the United States during the late 19th century.
This specific variety holds significance for collectors due to factors such as its mintage figures, preservation quality, and potential historical context related to economic conditions or events of that era. Its value is determined by these elements, along with the general demand within the numismatic marketplace.