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The Certified Morgan Silver Dollar 1878-S MS63 PCGS is a distinguished piece of American numismatic history. This coin, graded MS63 by the Professional Coin Grading Service (PCGS), represents not only a significant era in U.S. coinage but also exemplifies the craftsmanship and design excellence that collectors and investors highly value. With its historical importance, intricate design, and excellent condition, this coin is a notable addition to any collection.
The Morgan Silver Dollar was first minted in 1878, and production continued until 1904 before being resumed briefly in 1921. The coin is named after its designer, George T. Morgan, an English-born engraver who joined the U.S. Mint in 1876. The Morgan Silver Dollar was introduced following the Bland-Allison Act, which mandated the U.S. Treasury to purchase large quantities of silver to mint into dollars. This legislation aimed to support the struggling silver mining industry and increase the money supply.
The obverse of the Morgan Silver Dollar features a detailed portrait of Liberty, modeled after Anna Willess Williams, a Philadelphia schoolteacher. Liberty is depicted in profile, wearing a Phrygian cap adorned with wheat and cotton, symbolizing America's agricultural heritage. Encircling 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, reflecting Morgan's artistic skill 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 design, with its detailed engraving and balanced composition, is a hallmark of the Morgan Silver Dollar series.
The 1878-S Morgan Silver Dollar was minted at the San Francisco Mint, known for producing coins of exceptional quality. The San Francisco Mint, established during the California Gold Rush in 1854, played a crucial role in the nation’s coin production, particularly in the western United States. Coins minted at the San Francisco facility are distinguished by the "S" mintmark, located on the reverse beneath the wreath, signifying their origin and high-quality strikes.
The mintage of the 1878-S Morgan Silver Dollar was substantial, with 9,774,000 coins produced. Despite this high mintage, 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. Coins that have been well-preserved, like this MS63 example, are highly prized by collectors for their beauty and historical significance.
The condition of the Certified Morgan Silver Dollar 1878-S MS63 PCGS is a key factor in its desirability. The MS63 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 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-S MS63 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.