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The Certified Morgan Silver Dollar from 1885, graded MS65 by PCGS, is a distinguished piece of American numismatic history that showcases not only the artistry of coin design but also the socio-economic conditions of the United States during the late 19th century. The Morgan Dollar series, named after its designer George T. Morgan, was first minted in 1878 and quickly became a favorite among collectors and the general public alike. The 1885 issue stands out as one of the more sought-after dates in the series, making it a prized addition to any collection.
The historical backdrop of the 1885 Morgan Silver Dollar is vital for understanding its significance. The late 1800s were a transformative period for America, marked by rapid industrialization, westward expansion, and significant social change. Following the Civil War, the United States experienced a booming economy fueled by the discovery of precious metals, particularly silver and gold. The Coinage Act of 1878 reintroduced the minting of silver dollars, and the Morgan Dollar quickly gained popularity due to its beauty and the increasing demand for silver in both commerce and investment.
The 1885 Morgan Dollar was minted during a time when silver was widely used in everyday transactions, and its value was perceived as stable. The discovery of silver in the western United States led to the establishment of the "Free Silver Movement," which advocated for the unlimited coinage of silver to increase the money supply and alleviate economic hardships faced by farmers and laborers. This socio-political climate adds depth to the significance of the 1885 Morgan Dollar, as it became a symbol of the struggles and aspirations of the American populace during that era.
The obverse of the 1885 Morgan Dollar features a beautifully rendered profile of Liberty, depicted wearing a Phrygian cap adorned with a ribbon inscribed with the word "LIBERTY." The portrait is encircled by thirteen stars, representing the original colonies, and the year "1885" appears prominently below her chin. The artistry of the coin is a testament to George T. Morgan's skill, capturing Liberty's dignity and strength. The use of classical design elements connects the coin to the ideals of freedom and democracy that were foundational to the United States.
The reverse of the 1885 Morgan Dollar showcases a majestic eagle, symbolizing strength and sovereignty. The eagle is depicted with outstretched wings, grasping an olive branch and arrows, which signify peace and readiness for war, respectively. Above the eagle is the inscription "UNITED STATES OF AMERICA," while the denomination "ONE DOLLAR" is prominently displayed below. The intricate detailing of the eagle and the surrounding wreath adds to the coin's visual appeal, making it a favorite among collectors and historians alike.
The 1885 Morgan Dollar was minted at the Philadelphia Mint, and its production during this year resulted in a mintage of approximately 22.5 million coins. This relatively high production number made the 1885 Morgan Dollar one of the more accessible coins in the series, yet it is still highly sought after due to its striking design and historical context. The popularity of the series has led to extensive collecting and investment in Morgan Dollars, making the 1885 edition a valuable piece in any collection.
In terms of composition, the 1885 Morgan Dollar is made of 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm. This standard composition not only gives the coin its characteristic silver color but also contributes to its durability, allowing it to withstand the test of time and circulation. The choice of materials reflects the mint's commitment to producing high-quality currency that would remain functional while retaining its aesthetic appeal.
The MS65 grade assigned to this coin by PCGS indicates that it is in excellent condition, showcasing a well-defined strike and minimal imperfections. Coins in this grade typically exhibit full luster, with the details of the design remaining crisp and clear. The surfaces may show only the slightest signs of contact or handling, which adds to the coin's allure among collectors. An MS65 grade is considered high for a Morgan Dollar, highlighting the quality and care that has preserved this coin over the years.
The Certified Morgan Silver Dollar 1885 MS65 PCGS is not merely a piece of currency; it is a valuable historical artifact that encapsulates a significant moment in American history. Its design, mintage, and condition contribute to its importance as a collectible item. Collectors and historians alike appreciate the 1885 Morgan Dollar for its representation of American heritage, its connection to the broader socio-economic themes of the time, and its role in shaping the nation’s identity during a period of remarkable change.