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The Certified Morgan Silver Dollar 1878 7TF MS64 ANACS is a significant piece in the pantheon of American numismatics, reflecting the grand debut of the Morgan Silver Dollar series. Minted at the Philadelphia Mint, this coin marks the onset of a coinage era that would continue sporadically until 1921. The '7TF' stands for 'seven tail feathers,' distinguishing this variant from others in its series and representing one of the earliest stages of the Morgan Dollar's design evolution. The grading of MS64 by ANACS underscores its high quality, noting that the coin remains in near-gem condition, a testament to its preservation and the meticulous minting processes of its time.
George T. Morgan, a then-young English engraver brought over by the Mint Director, Henry Linderman, designed the Morgan Dollar. Morgan sought a distinctively American symbol and found his muse in Anna Willess Williams, a Philadelphia schoolteacher, whose classical features became the face of Liberty on the coin. The obverse features this profile portrait of Liberty, encapsulated by 13 stars representing the original colonies, and marked by the words "E PLURIBUS UNUM" and the year of minting. The reverse bears an eagle with wings outstretched, clutching arrows and an olive branch, beneath a wreath. The design epitomizes American ideals of freedom and peace through strength, elements that resonate with collectors and historians alike.
The 1878 7TF Morgan Silver Dollar from the Philadelphia Mint was part of the first production of Morgan Dollars, following the passage of the Bland-Allison Act, which required the Treasury to purchase a specified amount of silver to be coined into dollars. It was a response to the economic turmoil and deflation caused by the demonetization of silver in the Coinage Act of 1873. With a robust mintage of 10,500,000, the 1878 7TF was meant to bolster both the economy and the silver mining industry in the West. This substantial mintage makes the 1878 7TF a historical artifact of America's silver saga, capturing a pivotal moment in the nation’s monetary policy.
The condition of this specific 1878 7TF Morgan Silver Dollar is graded MS64 by ANACS, indicating that the coin is well-struck with no trace of wear and only a few minor surface marks that do not detract from its overall allure. The fields of the coin exhibit high luster, characteristic of a well-preserved specimen from the era. The details on Liberty's profile and the eagle's feathers are sharply defined, showcasing the high level of craftsmanship of the U.S. Mint during this period. The precise striking and the coin's overall eye appeal contribute significantly to its value among collectors.
ANACS certification guarantees the authenticity and the condition of the coin, providing confidence and assurance to collectors. ANACS is recognized for its rigorous grading standards, ensuring that each coin's grade accurately reflects its condition. The MS64 rating is particularly noteworthy for a coin over a century old, highlighting its exceptional quality and rarity. This certification not only enhances the coin’s market value but also its historical credibility, making it a prized piece for both seasoned collectors and novices alike.
The historical significance of the 1879 7TF Morgan Dollar encapsulates a rich tapestry of American economic history, symbolizing both the resurgence of silver in American coinage and the broader narrative of the country’s industrial growth and development. For collectors, this coin is not just a piece of silver but a piece of American history, emblematic of a time when the nation was expanding its frontiers both physically and economically. The Certified Morgan Silver Dollar 1878 7TF MS64 ANACS is indeed a testament to the rich legacy of American coinage and remains a cherished artifact that reflects the intricate stories and artistry embedded in each piece.