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The Certified Morgan Silver Dollar 1878 8TF MS65 PCGS VAM 17 Diagonal in 8 is a fascinating piece of American numismatic history, representing both a milestone in coinage and a notable example of variety within the Morgan Dollar series. The Morgan Silver Dollar was first minted in 1878 as a result of the Coinage Act of 1878, which aimed to increase the circulation of silver currency in response to the economic climate of the time. This coin quickly became one of the most popular and enduring silver coins in American history, largely due to its attractive design and the significant role it played in the economy during the late 19th and early 20th centuries.
The design of the 1878 Morgan Silver Dollar was created by engraver George T. Morgan, who sought to create a coin that was both beautiful and representative of American ideals. The obverse features a striking profile of Liberty, adorned with a diadem inscribed with the word "LIBERTY." Her hair is depicted flowing freely, reflecting both strength and femininity. Surrounding her portrait are the words "E PLURIBUS UNUM" and the year "1878." The reverse side of the coin features an eagle with outstretched wings, clutching arrows and an olive branch, symbolizing strength and peace. The inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR" encircle the eagle, denoting the coin's value and its status as legal tender. This beautiful design exemplifies the artistry and craftsmanship of the U.S. Mint during this period.
The 1878 8TF (Eight Tail Feathers) Morgan Silver Dollar specifically refers to a particular variety that can be distinguished by the number of tail feathers on the eagle depicted on the reverse. The VAM 17 designation indicates a specific variety identified by collectors and numismatists, which features a diagonal die scratch in the area of the "8" in the date. This detail is significant for collectors seeking to acquire varieties with unique characteristics, adding an extra layer of intrigue and value to the coin. The VAM varieties contribute to the complexity of the Morgan Dollar series, making it a rich field for numismatic exploration.
The minting of the 1878 Morgan Silver Dollar took place at the Philadelphia Mint, the original mint facility where the coin was first produced. In its inaugural year, the minting of the Morgan Dollar was substantial, with a total mintage of over 2.3 million coins. However, the specific variety of the 8TF is less common, making high-grade examples, such as the MS65, particularly desirable among collectors. The coin is composed of 90% silver and 10% copper, resulting in a robust and enduring piece of currency that has stood the test of time.
The certification of MS65 by the Professional Coin Grading Service (PCGS) indicates that this coin is in superb condition, exhibiting only minor imperfections that are not visible to the naked eye. Such high-grade coins are highly sought after in the marketplace, as they retain much of their original luster and detail. The MS65 grade signifies that the coin is well-struck and has maintained its beauty over the years, making it a prized possession for serious collectors. The combination of its high grade and unique variety adds to its appeal, ensuring that it remains a significant piece in the numismatic community.
Investing in the Certified Morgan Silver Dollar 1878 8TF MS65 PCGS VAM 17 Diagonal in 8 provides collectors and investors with both aesthetic enjoyment and financial security. The Morgan Silver Dollar has long been regarded as a staple in the realm of silver coins, known for its historical significance and enduring popularity. The tangible nature of physical silver, combined with the rarity of high-grade examples, makes this coin an attractive option for diversifying a precious metals portfolio. Additionally, the Morgan Dollar's historical relevance as a symbol of American prosperity adds to its appeal.
In summary, the Certified Morgan Silver Dollar 1878 8TF MS65 PCGS VAM 17 Diagonal in 8 is a captivating representation of American coinage, reflecting the artistry, history, and investment potential of the Morgan Dollar series. Its striking design, unique variety, and high-grade certification make it a highly desirable item for collectors and investors alike. This coin not only serves as a valuable asset but also connects collectors to a significant era in American history, encapsulating the spirit of the nation and the evolution of its currency.