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The Certified Morgan Silver Dollar 1878 7TF Rev 78 MS62 PCGS is a captivating piece of American numismatic history, exemplifying the rich legacy and intricate artistry of the Morgan Dollar series. Graded MS62 by the Professional Coin Grading Service (PCGS), this coin stands as a testament to the high-quality craftsmanship and historical significance that collectors and investors highly value. With its uncirculated condition and notable variety, this coin is a prized addition to any collection.
The Morgan Silver Dollar was minted from 1878 to 1904, with a final issuance in 1921. The coin was named after its designer, George T. Morgan, an English engraver who joined the U.S. Mint in 1876. The Morgan Dollar was introduced following the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to be coined into dollars. This legislation aimed to support the struggling silver mining industry and increase the money supply, making the Morgan Dollar a symbol of American economic prosperity and westward expansion.
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 design is both intricate and symbolic, showcasing Morgan's artistic talent and the ideals of the nation during that period.
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. This variety adds a layer of historical intrigue and desirability to the coin.
The 1878 Morgan Silver Dollar was produced at the Philadelphia Mint, the first year of Morgan Dollar production. 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, marking an important transition in the series' design evolution.
The mintage of the 1878 Morgan Silver Dollar, including the 7TF Reverse of 78 variety, was significant as it marked the beginning of the Morgan Dollar series. Despite the substantial mintage, finding coins in MS62 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 MS62 example, are highly prized by collectors for their beauty and historical significance.
The condition of the Certified Morgan Silver Dollar 1878 7TF Rev 78 MS62 PCGS is what sets it apart. The MS62 grade from PCGS indicates a coin in uncirculated condition, with strong luster, sharp details, and only minor marks or abrasions. This level of preservation is relatively uncommon, 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. This high level of preservation makes the Certified Morgan Silver Dollar 1878 7TF Rev 78 MS62 PCGS a standout piece.
The Certified Morgan Silver Dollar 1878 7TF Rev 78 MS62 PCGS is a tangible link to America's past, embodying the economic and cultural dynamism of the late 19th century. Its superior condition, intricate design, and exceptional quality make it a standout piece, offering both aesthetic pleasure and a solid investment. As a product of the Philadelphia Mint and a key variety in the Morgan Dollar series, this coin carries the legacy of American coinage history, making it a meaningful and valuable artifact in the world of numismatics.