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The Certified Morgan Silver Dollar 1887 MS64 DPL NGC is an exquisite piece of American numismatic history, embodying the exceptional craftsmanship and rich heritage of the United States Mint during the late 19th century. Struck at the Philadelphia Mint, this coin is part of the iconic Morgan Dollar series, which was minted from 1878 to 1904 and then briefly again in 1921. The 1887 Morgan Dollar, particularly with the Deep Prooflike (DPL) designation, holds significant value due to its historical context, unique surface qualities, and high mintage, making it a highly coveted piece among collectors.
Designed by George T. Morgan, an English engraver who later became the Chief Engraver of the United States Mint, the Morgan Silver Dollar features intricate and symbolic imagery. The obverse of the coin showcases a left-facing profile of Lady Liberty, modeled after Anna Willess Williams, a Philadelphia schoolteacher whose classical profile Morgan believed epitomized American ideals. Liberty is depicted wearing a Phrygian cap inscribed with "LIBERTY" and adorned with cotton and wheat, symbolizing America’s agricultural wealth. The reverse displays a heraldic eagle with outstretched wings, clutching an olive branch and arrows, signifying the nation's readiness for peace and defense. These detailed design elements highlight Morgan’s artistic talent and the high standards of the U.S. Mint during that era.
The Philadelphia Mint, identified by the absence of a mint mark, was the first and foremost mint facility in the United States, responsible for producing some of the most significant coins in American history. In 1887, the Philadelphia Mint produced approximately 20 million Morgan Silver Dollars. Despite this relatively high mintage, coins with the Deep Prooflike designation are particularly sought after by collectors due to their exceptionally reflective surfaces and sharp strikes. The DPL designation indicates that the coin exhibits mirror-like fields similar to those seen on proof coins, with a strong contrast between the frosted devices and the mirrored backgrounds, adding to its rarity and desirability.
The Certified Morgan Silver Dollar 1887 MS64 DPL NGC has been graded as Mint State 64 (MS64) by the Numismatic Guaranty Corporation (NGC). The MS64 grade indicates that the coin is in uncirculated condition with only minor contact marks and abrasions that are relatively few and unobtrusive. The Deep Prooflike designation further enhances its visual appeal and rarity. This grade and designation reflect a balance between high quality and collectible value, making it an attractive option for discerning collectors.
The obverse of the coin, featuring Lady Liberty, displays sharp details in the hair and cap, with a vibrant luster that enhances the overall visual appeal. The fields are exceptionally clean, with minimal marks typical of the MS64 grade. The deep mirror-like surfaces create a striking contrast between the frosted devices and the reflective fields, making the details of the design stand out. The reverse, depicting the eagle, also retains strong details, with the feathers and other design elements well-defined and highlighted by the reflective surfaces. The combination of sharp details, lustrous surfaces, and the Deep Prooflike designation makes this coin a standout example of the Morgan Dollar series.
NGC certification ensures the coin's authenticity and provides a reliable assessment of its grade, offering collectors confidence in their acquisition. NGC is one of the leading third-party grading services, known for its stringent grading standards and trustworthy evaluations. The certification process ensures that the coin's characteristics are accurately documented, enhancing its market value and appeal to collectors.
The historical context of the 1887 Morgan Dollar adds to its allure. The Morgan Dollar series, named after its designer George T. Morgan, was introduced to replace the Seated Liberty Dollar and to capitalize on the abundant silver supply following the discovery of the Comstock Lode in Nevada. The series is renowned for its beautiful design and historical significance, capturing a transformative period in American economic history. The 1887 Morgan Dollar, produced during a time of significant economic and industrial expansion in the United States, is a testament to this era of growth and prosperity.
In summary, the Certified Morgan Silver Dollar 1887 MS64 DPL NGC is a remarkable coin that combines historical significance, artistic beauty, and collectible value. Its relatively high mintage, well-preserved condition, the Deep Prooflike designation, and the qualities associated with the Philadelphia Mint make it a prized addition to any serious collection. This coin not only represents a tangible connection to America’s economic and cultural history but also showcases the enduring allure of the Morgan Dollar series. For numismatists and history enthusiasts, the 1887 Morgan Silver Dollar MS64 DPL NGC is a testament to the rich legacy of American coinage and a prized possession that reflects the intricate stories and artistry embedded in each piece.