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The Certified Morgan Silver Dollar 1886-O AU58 ANACS is a remarkable specimen that offers a window into the rich history of American coinage during the late 19th century. Minted at the New Orleans Mint in 1886, this coin is part of the iconic Morgan Dollar series, which remains highly sought after by collectors and investors for its historical significance and beautiful design.
Designed by George T. Morgan, the Morgan Silver Dollar was first introduced in 1878 and continued to be minted until 1904, with a final issue in 1921. The obverse of the coin features a left-facing portrait of Liberty, wearing a Phrygian cap and surrounded by stars, while the reverse showcases an eagle with outstretched wings, clutching arrows and an olive branch. This classic design reflects the artistic and symbolic ideals of the late 19th century, embodying American freedom and prosperity.
The New Orleans Mint, established in 1838 to serve the economic needs of the southern United States, played a significant role in the production of Morgan Dollars. As one of the principal minting facilities for silver coins, the New Orleans Mint struck millions of silver dollars during its operation, contributing to the nation's coinage supply and facilitating commerce in the southern and western regions.
Exact mintage figures for the 1886-O Morgan Dollar are not available, but records indicate that substantial numbers were produced at the New Orleans Mint. Like other minting facilities of the time, the New Orleans Mint typically struck large quantities of coins each year to meet the demand for circulating currency and to fulfill the requirements of the Coinage Act of 1873.
This particular coin has been certified and graded by the American Numismatic Association Certification Service (ANACS) as AU58, indicating its Almost Uncirculated condition with a numerical grade on the Sheldon Scale ranging from 50 to 58. Coins in AU58 grade exhibit traces of wear on the highest points of the design, but still retain much of their original luster and detail.
The certification from ANACS provides assurance of the coin's authenticity, condition, and grade, offering collectors confidence in their investment. ANACS employs rigorous grading standards and expert numismatists to evaluate coins, ensuring accuracy and consistency in the grading process.
Despite its AU58 grade, this coin retains significant visual appeal and numismatic value. Its design elements are still well-defined, and its surfaces exhibit minimal wear, making it an attractive addition to any collection of Morgan Dollars.
Overall, the Certified Morgan Silver Dollar 1886-O AU58 ANACS represents a fascinating piece of American history and numismatics. With its classic design, connection to the New Orleans Mint, and certified condition, it stands as a testament to the enduring popularity and beauty of the Morgan Dollar series.