This particular United States coin is a Morgan Silver Dollar minted in 1889 at the New Orleans Mint. The “O” mint mark signifies its origin in New Orleans, Louisiana. These coins are composed of 90% silver and 10% copper, adhering to the standard silver dollar composition of the time. A specific example bears the date 1889 and the aforementioned mint mark, indicating where it was produced.
The significance of this coin stems from a confluence of factors, including its silver content, historical context, and the limited number produced at the New Orleans Mint compared to other mints. These factors contribute to its collectibility and potential value on the numismatic market. The coin represents a tangible link to the late 19th century and the economic landscape of the United States during that period. Its origins in New Orleans are tied to a specific era and place.