The coin in question is an Indian Head Cent minted in 1889 at the Philadelphia Mint, indicated by its "P" mint mark. This one-cent piece, commonly referred to as a penny, falls under the U.S. currency system and is made from bronze, a material that was standard for cents of this era. Weighing approximately 3.11 grams and with a diameter of 19 millimeters, this coin showcases the design that features the iconic Indian Head motif on the obverse and a laurel wreath on the reverse, symbolizing victory and peace. The total mintage for this year was 48,866,025, which reflects a prolific production run. Despite its relatively high mintage, the condition and grade of the individual coin can significantly impact its value in the collector market. Coins from this series are popular among numismatists, especially in higher grades, making them sought-after items. Given the year, mint mark, and material, the 1889 Indian Head Cent is both a historical artifact and a collectible that appeals to enthusiasts of American coinage.