The coin in query is a United States silver greenback struck on the New Orleans Mint in 1888. These cash, typically referred to by collectors, are examples of the Morgan greenback sequence, which have been minted from 1878 to 1904 and once more in 1921. The ‘O’ mint mark signifies its origin on the New Orleans facility. Its composition is primarily silver, lending it intrinsic worth past its face worth.
These explicit silver {dollars} maintain appreciable significance for numismatists, historians, and traders alike. They signify a tangible piece of American historical past, reflecting the financial and political local weather of the late nineteenth century. The situation of the piece, its rarity influenced by mintage numbers and survival charges, and any distinctive traits considerably impression its market worth. The historic context tied to silver laws and the silver mining trade additional enriches the understanding and appreciation of those cash.