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The Certified Morgan Silver Dollar 1878 7TF Rev of 78 MS63 NGC is an exquisite example of a historically significant coin that marks the beginning of the renowned Morgan Dollar series. Graded MS63 by the Numismatic Guaranty Corporation (NGC), this coin exemplifies exceptional quality and craftsmanship, making it a prized possession for collectors and investors alike.
The Morgan Silver Dollar series was first introduced in 1878, following the passage of the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to be minted into silver dollars. This act aimed to support the silver mining industry and increase the money supply. The Morgan Dollar quickly became a symbol of American prosperity and the westward expansion era. The coin was named after its designer, George T. Morgan, an English-born engraver who joined the U.S. Mint in 1876.
The obverse of the Morgan Silver Dollar features a left-facing profile 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 design showcases Morgan's artistic talent and embodies the spirit of the nation during that era.
The reverse of the coin displays 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 prominently features the motto "IN GOD WE TRUST" 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 7TF Reverse of 78 Morgan Silver Dollar was produced at the Philadelphia Mint, the primary U.S. Mint known for its role in producing high-quality coins. The Philadelphia Mint, established in 1792, was the first official mint of the United States, and its products are highly regarded for their detailed craftsmanship and historical significance. This specific variety is distinguished by the seven tail feathers on the eagle and the unique reverse design of 1878.
The mintage of the 1878 Morgan Silver Dollar, including the 7TF Reverse of 78 variety, was substantial, as it marked the beginning of the Morgan Dollar series. However, finding coins in MS63 condition is relatively rare. Most coins from this era have been circulated or stored in less-than-ideal conditions, leading to wear and imperfections. Well-preserved coins, like this MS63 example, are highly prized by collectors for their beauty and historical significance.
The condition of the Certified Morgan Silver Dollar 1878 7TF Rev of 78 MS63 NGC is what sets it apart. The MS63 grade from NGC indicates a coin in near-gem uncirculated condition, with strong luster, sharp details, and minimal marks or abrasions. This level of preservation is uncommon, as most coins of this age show signs of wear or handling. NGC's certification adds an extra 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 of 78 MS63 NGC 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.