This particular coin is a variation of the American Silver Eagle, distinguished by a unique design element: a small star-shaped mark, referred to as a privy mark. A privy mark is a small symbol added to a coin’s design, often to commemorate a specific event, anniversary, or person. The presence of this specific mark differentiates it from standard Silver Eagle issues, increasing its collectibility. As an example, consider the standard American Silver Eagle design the incorporation of the star privy mark immediately identifies the coin as a special release.
The importance of this specific coin lies in its numismatic value and the story it tells. It often carries a premium beyond the intrinsic value of the silver it contains, driven by factors such as limited mintage numbers and collector demand. Its historical context is rooted in the tradition of using privy marks to signify special occasions or affiliations, enriching the coin’s significance beyond its bullion content. The desirability among collectors makes it an appealing investment and a tangible piece of numismatic history.