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The Certified Morgan Silver Dollar 1878 7TF Reverse of 1879 MS64 PCGS represents a unique and highly collectible artifact from the dawn of the Morgan Silver Dollar series. This particular coin was minted at the Philadelphia Mint and features the '7 Tail Feathers' (7TF) design paired with the Reverse of 1879, making it a distinct variant within the Morgan Dollar lineage. Graded MS64 by the Professional Coin Grading Service (PCGS), this coin is characterized by its excellent preservation, exhibiting minimal signs of wear and maintaining much of its original luster.
Designed by George T. Morgan, the Morgan Silver Dollar was first issued in 1878 following the passage of the Bland-Allison Act, which required the U.S. government to purchase silver to mint into dollars, thus bolstering the silver mining industry and circulating silver currency throughout the economy. Morgan, an English engraver, was appointed at the U.S. Mint and tasked with designing a coin that would represent the American ideals of liberty and freedom. The obverse of the coin features a profile portrait of Lady Liberty, inspired by Anna Willess Williams, whom Morgan thought represented the ideal American woman. Surrounding this portrait are the inscriptions "E PLURIBUS UNUM," the date of minting, and thirteen stars representing the original colonies. The reverse, which in this variant is known as the Reverse of 1879, displays an eagle with wings spread wide, clutching both an olive branch and arrows, set against a backdrop of a wreath, with the inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR."
The 1878 7TF Reverse of 1879 Morgan Dollar is a particularly intriguing variant because it reflects a transition in the design of the eagle's tail feathers from seven to a later design with a different arrangement. This specific design modification is a result of ongoing refinements made by the U.S. Mint in its early efforts to perfect the Morgan Dollar series. Coins from this transitional period are especially valued for their rarity and historical significance, as they mark the evolutionary changes in one of America's most iconic coin series.
This coin's MS64 grade from PCGS indicates that it is in near gem condition, with strong eye appeal and only slight imperfections. The grade suggests that the coin has retained a significant amount of its original mint luster and shows few marks or abrasions. The high grade also indicates a high-quality strike, which is particularly important for collectors seeking coins with sharp and detailed features. The MS64 grade is highly prized in the collecting community for its combination of aesthetic appeal and historical value.
The certification by PCGS is crucial, as it assures collectors of the coin's authenticity and quality. PCGS is renowned for its rigorous standards and precision in coin grading, providing a dependable benchmark that enhances the coin's credibility and market value. Certification helps preserve the coin's legacy as a collectible and ensures it is recognized appropriately in the numismatic community, making it a valuable investment piece.
In conclusion, the Certified Morgan Silver Dollar 1878 7TF Reverse of 1879 MS64 PCGS is more than just a piece of currency; it is a historical artifact that embodies the rich narrative of American economic and numismatic history. Its excellent condition, combined with its rarity and the historical significance of its design variations, makes this coin a highly desirable item for collectors and historians alike. Owning such a coin offers a tangible connection to the formative years of the United States Mint and the silver dollar, which has become a symbol of American monetary heritage.