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The Certified Morgan Silver Dollar 1887 MS63PL PCGS is an exceptional piece that captures the rich history and intricate artistry of American coinage. This coin, graded MS63PL by the Professional Coin Grading Service (PCGS), represents a period of economic growth and development in the United States. With its reflective Proof-Like (PL) surfaces and well-preserved state, this Morgan Dollar is a highly coveted item among collectors and investors.
The Morgan Silver Dollar was minted from 1878 to 1904 and then again in 1921. Named after its designer, George T. Morgan, an English engraver who joined the U.S. Mint in 1876, the Morgan Dollar was introduced following the Bland-Allison Act. This legislation required the U.S. Treasury to purchase large quantities of silver to be minted into dollars, thereby supporting the silver mining industry and increasing the money supply. The Morgan Dollar quickly became a symbol of American prosperity and westward expansion, reflecting the economic and cultural dynamism of the late 19th century.
The obverse of the Morgan Silver Dollar features a profile portrait 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 (1887), and thirteen stars representing the original colonies. This design is both intricate and symbolic, showcasing Morgan's artistic talent 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. The detailed engraving and balanced composition make the Morgan Silver Dollar a masterpiece of American coinage, celebrated for its artistic merit and historical significance.
The 1887 Morgan Silver Dollar was minted at multiple facilities, including the Philadelphia Mint, where this particular coin was produced. The Philadelphia Mint, established in 1792, was the first official mint of the United States and is known for its high-quality coinage. Coins produced at the Philadelphia Mint do not bear a mintmark, distinguishing them from those minted at other facilities. The high standards of production at the Philadelphia Mint are evident in the sharp details and exceptional quality of this coin.
The mintage of the 1887 Morgan Silver Dollar was substantial, with over 20 million coins produced. Despite this high mintage, coins in Proof-Like (PL) condition are relatively rare. Proof-Like coins exhibit mirror-like surfaces similar to those of proof coins, but they were struck for circulation rather than for collectors. The reflective surfaces of PL coins are achieved through early strikes from freshly polished dies, making them particularly desirable among collectors.
The condition of the Certified Morgan Silver Dollar 1887 MS63PL PCGS is a key factor in its appeal. The MS63 grade indicates that the coin is in mint state, exhibiting minimal wear and retaining much of its original mint luster. The PL designation signifies that the coin has reflective surfaces, enhancing its visual appeal. The certification by PCGS, a leading third-party grading service, adds an extra layer of trust and assurance for buyers, confirming the coin's authenticity and grade.
The obverse and reverse designs of this coin are crisp and clear, with Liberty’s profile and the eagle’s feathers exhibiting exceptional detail. The reflective surfaces create a stunning visual contrast, highlighting the intricate design elements. The coin’s surfaces are remarkably clean, with only minor imperfections that are not easily visible to the naked eye. This high level of preservation and the Proof-Like designation make the Certified Morgan Silver Dollar 1887 MS63PL PCGS a standout piece.
The Certified Morgan Silver Dollar 1887 MS63PL PCGS is a tangible link to America's past, embodying the economic and cultural dynamism of the late 19th century. Its superior condition, intricate design, and exceptional quality make it a standout piece, offering both aesthetic pleasure and a solid investment. As a product of the Philadelphia Mint, it carries the legacy of American coinage history, making it a meaningful and valuable artifact in the world of numismatics.