-
Inventory:
1 In Stock
- Product ID: 54425
Checkout
The Certified Morgan Silver Dollar from 1887, graded MS66+ by PCGS, is an exquisite example of American coinage that captures the essence of the late 19th century. The Morgan Dollar series is one of the most collected and beloved coins in U.S. history, celebrated not only for its beautiful design but also for its rich history and significance in the context of American economic and social development. The 1887 Morgan Silver Dollar stands out as a fine representation of this iconic series, appealing to both collectors and investors alike.
The Morgan Silver Dollar was first minted in 1878, named after its designer, George T. Morgan. The series emerged during a time of significant change in the United States, characterized by rapid industrialization, economic expansion, and the consolidation of the American West. The Coinage Act of 1878 mandated the minting of silver dollars in response to public demand for a larger silver coin that could be used in everyday transactions. The popularity of the coin was further bolstered by the sentiment of the “Free Silver” movement, which advocated for the unlimited coinage of silver as a means to combat deflation and support the agrarian economy.
The 1887 Morgan Silver Dollar features a design that has become emblematic of American numismatics. The obverse showcases the head of Lady Liberty, facing left, adorned with a diadem inscribed with the word “LIBERTY.” Surrounding her are thirteen stars, representing the original colonies, and the year “1887.” The design captures the spirit of freedom and democracy, with Lady Liberty symbolizing the ideals of the nation. George T. Morgan's artistry is evident in the intricacies of Liberty's hair and the overall composition, which evokes a sense of strength and dignity.
On the reverse, the design features an eagle in flight, clutching arrows and an olive branch, which symbolizes the balance between war and peace. Above the eagle is a scroll that reads “E PLURIBUS UNUM,” emphasizing the unity of the states. The inscription “UNITED STATES OF AMERICA” and the denomination “ONE DOLLAR” encircle the design, affirming the coin's value and status as legal tender. This reverse design, reflecting national strength and resilience, has made the Morgan Silver Dollar an enduring symbol of American heritage.
The 1887 Morgan Silver Dollar was minted at the Philadelphia Mint, which has a storied history as the first mint in the United States. Established in 1792, the Philadelphia Mint played a crucial role in producing the nation’s coinage and maintaining the integrity of American currency. The 1887 coin was struck in .900 fine silver, a standard for U.S. coins that ensures both its intrinsic value and marketability. The silver content not only gives the coin its appeal as a collectible but also ties it to the historical context of silver mining and trade during the late 19th century.
In terms of mintage, the 1887 Morgan Silver Dollar had a total production of approximately 19,200,000 pieces, making it one of the more common dates in the series. However, the high demand among collectors for coins in high grades, particularly MS66+, creates a sense of rarity and desirability for well-preserved examples. The MS66+ designation indicates that this particular coin is in exceptional condition, showcasing its full luster, details, and striking quality without any noticeable blemishes or imperfections. Coins in this grade are highly sought after for their beauty and preservation, making them valuable additions to any collection.
The significance of the Certified Morgan Silver Dollar 1887 MS66+ extends beyond its aesthetic qualities and material attributes; it serves as a historical artifact linking collectors to a pivotal moment in American history. The coin embodies the aspirations of a nation grappling with its identity and economic future during the late 19th century. Collectors who acquire this coin gain not only a valuable piece of currency but also a tangible connection to the historical context in which it was minted, allowing them to appreciate the broader implications of its design and production.
Moreover, the 1887 Morgan Silver Dollar has garnered recognition among collectors for its rarity and historical importance. Its design and high mintage make it a desirable item for those interested in American numismatics, particularly in the context of the Morgan Dollar series. The coin’s connection to the identity of the United States and its representation of the nation’s values during a formative period add depth to its appeal, attracting collectors who value both the coin itself and the stories that it tells about its time and place.
In conclusion, the Certified Morgan Silver Dollar 1887 MS66+ PCGS is a remarkable representation of American coinage and the efforts to create a reliable and beautiful currency during a time of significant change. With its elegant design, rich history, and connection to the formative years of the United States, this coin stands as a testament to the resilience and aspirations of a nation. By acquiring this coin, individuals can appreciate not only the beauty of the Morgan Dollar but also the profound history and cultural heritage it represents. As a collectible, the 1887 Morgan Silver Dollar remains a timeless symbol of America’s journey through growth, prosperity, and national identity.