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Inventory:
2 In Stock
- Product ID: 9594
The Coinage Act of 1792 announced the creation of the Philadelphia Mint, due to the Founding Father's desire to establish a means of international commerce. The Mint Act was passed shortly after, giving guidelines to the currency about to be produced. The Mint Act instituted a decimal system based on a dollar unit, the coins had to specify its metallic composition and fineness. It was also required that each US currency coin should present "an impression emblematic of liberty." Since Philadelphia was the capital at the time, the first mint was established in the center of it. Because of both the Coinage Act and the Mint Act, the Morgan silver dollar was born, portraying a beautiful Lady Liberty on its front and center. Your 1887 Certified Morgan Silver Dollar carries no mint-mark, since it was minted in Philadelphia and it was graded by NGC. NGC assigned this coin the grade of MS65, which is considered high in the collecting industry.