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The Certified Morgan Silver Dollar 1881-S MS66+ PCGS is an exceptional example of one of America's most iconic coins. Graded MS66+ by the Professional Coin Grading Service (PCGS), this coin represents not only a piece of numismatic history but also showcases the artistry and craftsmanship that make Morgan Dollars highly coveted by collectors and investors.
The Morgan Silver Dollar was first minted in 1878, continuing production until 1904, and then once more in 1921. It was named after its designer, George T. Morgan, an English-born engraver who joined the U.S. Mint in 1876. The introduction of the Morgan Dollar followed the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to mint into dollars. This legislation was intended to support the struggling silver mining industry and increase the money supply, making the Morgan Dollar a symbol of the economic expansion and prosperity of the era.
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 (1881), and thirteen stars representing the original colonies. This intricate and symbolic design reflects Morgan's artistic skill 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 detailed engraving and balanced composition make the Morgan Silver Dollar a masterpiece of American coinage.
The 1881-S Morgan Silver Dollar was minted at the San Francisco Mint, known for producing coins of exceptional quality. The San Francisco Mint, established in 1854 during the California Gold Rush, 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 1881-S Morgan Silver Dollar was substantial, with 12,760,000 coins produced. Despite this high mintage, coins from the San Francisco Mint are particularly noted for their excellent strikes and luster. The combination of high mintage and exceptional quality has made the 1881-S one of the more desirable dates among Morgan Dollar collectors, especially in higher grades.
The condition of the Certified Morgan Silver Dollar 1881-S MS66+ PCGS is what truly sets it apart. The MS66+ grade indicates a coin in nearly perfect uncirculated condition, with full mint luster and sharp details. The "+" designation signifies that the coin exhibits qualities that are exceptional for the assigned grade, making it even more desirable. 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 superior 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 minimal imperfections that are not easily visible to the naked eye.
Owning a Certified Morgan Silver Dollar 1881-S MS66+ 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.