The item in question is a commemorative coin issued by the United States Mint in 1986. It is composed of 90% silver and 10% copper. The coin was released to celebrate the centennial of the Statue of Liberty and Ellis Island. Its obverse design features a depiction of the Statue of Liberty, while the reverse showcases an image of an immigrant family arriving at Ellis Island.
This commemorative coin holds significance due to its historical association with two iconic American symbols: the Statue of Liberty, representing freedom and opportunity, and Ellis Island, the gateway for millions of immigrants seeking a new life. The coin serves as a tangible reminder of the nation’s heritage and its enduring values of liberty and immigration. Furthermore, its silver content contributes to its intrinsic value, making it attractive to collectors and investors alike. Its release played a role in revitalizing interest in commemorative coinage and contributed to fundraising efforts for the restoration of the Statue of Liberty.