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The Certified Morgan Silver Dollar 1878 7TF Rev 78 MS64 PCGS is a stunning example of American numismatic history, combining the rich legacy of the Morgan Dollar with exceptional quality and preservation. This particular coin, graded MS64 by the Professional Coin Grading Service (PCGS), is a highly sought-after piece for collectors and investors alike, offering a remarkable blend of historical significance, intricate design, and superior condition.
The Morgan Silver Dollar holds a prominent place in the annals of U.S. coinage. It was minted from 1878 to 1904, and then again in 1921. Named after its designer, George T. Morgan, an English engraver who joined the U.S. Mint in 1876, the Morgan Dollar was introduced as part of the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to be coined into dollars. This legislative act was intended to aid the struggling silver mining industry and increase the money supply.
The obverse of the Morgan Silver Dollar features a profile portrait of Liberty, modeled after Anna Willess Williams, a Philadelphia schoolteacher. Liberty is depicted wearing a Phrygian cap adorned with wheat and cotton, symbolizing America's agricultural heritage. Surrounding Liberty are the words "E PLURIBUS UNUM," the year of issue (1878), and thirteen stars representing the original colonies. This intricate and symbolic design reflects Morgan's artistic talent and the spirit of the nation.
The reverse of the coin showcases a majestic bald eagle with outstretched wings, clutching an olive branch and arrows in its talons, symbolizing peace and readiness for war. Above the eagle is the inscription "UNITED STATES OF AMERICA," and below it, the denomination "ONE DOLLAR." The reverse also features the motto "IN GOD WE TRUST" prominently displayed above the eagle's head. This particular coin is notable for its "7 Tail Feathers, Reverse of 1878" variety, which refers to the initial design change where the eagle's tail feathers were reduced from eight to seven, and the reverse design was slightly modified.
The 1878 Morgan Silver Dollar was minted at three different mints: Philadelphia, San Francisco, and Carson City. The "7 Tail Feathers, Reverse of 1878" variety was produced at the Philadelphia Mint, the first year of Morgan Dollar production. This mint is known for its role as the primary U.S. Mint and its production of high-quality coins. The Philadelphia Mint’s meticulous craftsmanship is evident in the sharp details and excellent strike quality of this coin.
The mintage of the 1878 7TF Rev 78 Morgan Silver Dollar was significant, as it was part of the initial production run of Morgan Dollars. However, finding coins in MS64 condition is relatively rare. Most coins from this era have been circulated or stored in less-than-ideal conditions, leading to wear and imperfections. Coins that have been well-preserved, like this MS64 example, are highly prized by collectors for their beauty and historical significance.
The condition of the Certified Morgan Silver Dollar 1878 7TF Rev 78 MS64 PCGS is exceptional. The MS64 grade from PCGS indicates a coin in near-gem condition, with strong luster, sharp details, and minimal marks or abrasions. This level of preservation is rare, as most coins of this age show signs of wear or handling. The certification by PCGS, a leading third-party grading service, adds a layer of trust and assurance for buyers, confirming the coin's authenticity and grade.
The preservation of this coin ensures that its intricate details and historical significance are maintained. The obverse and reverse designs are crisp and clear, with Liberty's profile and the eagle's feathers exhibiting exceptional detail. The luster of the coin is bright and attractive, enhancing its visual appeal. The coin's surfaces are remarkably clean, with only minor imperfections that are not easily visible to the naked eye.
Owning a Certified Morgan Silver Dollar 1878 7TF Rev 78 MS64 PCGS is not only an investment in silver but also in American history and artistry. This coin represents a period of significant growth and development in the United States, and its preservation allows collectors to appreciate the craftsmanship and symbolism of a bygone era. Whether for its numismatic value or its historical significance, this Morgan Dollar is a cherished addition to any collection.