This particular piece represents a United States silver coin minted in 1889 at the New Orleans Mint. The “O” mint mark signifies its origin. It’s comprised primarily of silver and characterized by its design featuring Liberty on the obverse and an eagle on the reverse. Its face value is one dollar.
The specimen holds significant collector value due to its age, silver content, mint location, and potential rarity depending on its condition and mintage numbers. Coins from the New Orleans Mint sometimes command a premium. Historical context includes the era of silver coinage in the US and the specific economic climate of the late 19th century.