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The Certified Morgan Silver Dollar 1887-O MS62 PCGS is a noteworthy piece that embodies a pivotal era in American numismatic history. This coin, graded MS62 by the Professional Coin Grading Service (PCGS), reflects the intricate design, historical significance, and quality craftsmanship that make Morgan Dollars some of the most sought-after collectibles among numismatists. Its uncirculated condition and origin from the New Orleans Mint further enhance its appeal to collectors and investors alike.
The Morgan Silver Dollar series was minted from 1878 to 1904, with a final issuance in 1921. Named after its designer, George T. Morgan, an English-born engraver who joined the U.S. Mint in 1876, the Morgan Dollar was introduced following the Bland-Allison Act. This act mandated the U.S. Treasury to purchase large quantities of silver to be coined into dollars, thereby supporting the silver mining industry and increasing the money supply. The Morgan Dollar quickly became a symbol of American prosperity and the westward expansion era, reflecting the economic and cultural dynamism of the late 19th century.
The obverse of the Morgan Silver Dollar features a left-facing profile 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-O Morgan Silver Dollar was minted at the New Orleans Mint, which played a crucial role in the production of U.S. coins during the 19th century. Established in 1838, the New Orleans Mint was a key facility for minting silver and gold coins, especially for the southern and western United States. Coins minted at the New Orleans facility are distinguished by the "O" mintmark, located on the reverse beneath the wreath, signifying their origin and the unique characteristics associated with this mint's production quality.
The mintage of the 1887-O Morgan Silver Dollar was substantial, with 11,550,000 coins produced. Despite this high mintage, many of these coins saw extensive circulation, making those in higher grades particularly rare and valuable. The scarcity of well-preserved examples, like this MS62 coin, adds to its desirability among collectors and investors. The MS62 grade from PCGS denotes a coin in uncirculated condition, with strong luster, sharp details, and only minor marks or abrasions. This level of preservation is relatively uncommon for coins of this age, as most have experienced significant wear from circulation.
The condition of the Certified Morgan Silver Dollar 1887-O MS62 PCGS is a key factor in its appeal. The MS62 grade indicates that the coin is in mint state, exhibiting minimal wear and retaining much of its original mint luster. 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. This high level of preservation ensures that the coin's intricate details and historical significance are maintained.
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 luster of the coin is bright and attractive, enhancing its visual appeal. 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 makes the Certified Morgan Silver Dollar 1887-O MS62 PCGS a standout piece.
The Certified Morgan Silver Dollar 1887-O MS62 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 New Orleans Mint, it carries the legacy of the southern United States' contributions to the nation's coinage history, making it a meaningful and valuable artifact in the world of numismatics.