The item represents a specific year of U.S. coinage featuring a notable design and composition. Examples of this item can be found in various states of preservation, influencing their collectibility and market value. The denomination is one dollar, composed of silver, and minted according to regulations established at the time of its production.
Its significance stems from its historical context during a period of American expansion and industrial growth. It serves as a tangible connection to the monetary policies of the late 19th century and is a significant artifact for collectors, historians, and investors. Its intrinsic metal value and rarity in certain conditions contribute to its enduring appeal.