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The Certified Morgan Silver Dollar 1888-S AU58 PCGS is a remarkable piece of numismatic history that offers collectors a glimpse into the artistry and significance of late 19th-century American coinage. Struck at the San Francisco Mint, this particular Morgan Dollar exemplifies both the aesthetic beauty and the intricate details that characterize the series, which has become one of the most beloved in American numismatics.
The Morgan Silver Dollar was designed by George T. Morgan, a British engraver who worked for the United States Mint. The coin was first minted in 1878 and continued until 1904, with a brief resumption in 1921. The design features a profile of Liberty on the obverse, symbolizing the nation's values of freedom and prosperity, and a majestic eagle with outstretched wings on the reverse, representing strength and unity. The 1888-S issue, like its counterparts, reflects these ideals while showcasing the craftsmanship of Morgan's design.
The 1888-S Morgan Dollar was produced during a time of significant economic change in the United States. The nation was experiencing a post-Civil War economic boom, leading to an increased demand for silver coinage. This particular year saw a mintage of approximately 2.5 million coins, a number that places it among the more common dates in the Morgan series. However, the San Francisco Mint's production quality, combined with the natural attrition of coins over time, makes high-grade examples like the AU58 particularly sought after by collectors.
The obverse of the 1888-S Morgan Silver Dollar features a left-facing profile of Liberty, adorned with a diadem and a coronet inscribed with the word "LIBERTY." The intricate details of Liberty's hair and facial features are well-preserved in this AU58 example, reflecting the care taken during the minting process. Surrounding Liberty's portrait are 13 stars, representing the original colonies, and the year "1888" is prominently displayed below. The overall design conveys a sense of dignity and strength, encapsulating the spirit of the era.
On the reverse, the coin features a powerful eagle clutching arrows and an olive branch, signifying the balance between war and peace. Above the eagle, the words "UNITED STATES OF AMERICA" arc gracefully, while below the eagle, the denomination "ONE DOLLAR" is prominently inscribed. The "S" mintmark, indicative of the San Francisco Mint, is located just above the "D" in "DOLLAR." The clarity and detail in the feathers of the eagle and the surrounding inscriptions contribute to the overall appeal of this piece.
As a certified AU58 by the Professional Coin Grading Service (PCGS), this Morgan Dollar exhibits significant luster and minimal wear, characteristics that define the About Uncirculated (AU) grade. Coins in this category retain most of their original mint luster, with only slight signs of wear on the highest points of the design. This particular coin is ideal for collectors looking for a high-quality example of the 1888-S, showcasing the remarkable craftsmanship of the time while also providing an investment opportunity in a historically significant coin.
In terms of market trends, Morgan Silver Dollars have consistently attracted interest from both novice and experienced collectors. The demand for high-grade examples like the AU58 1888-S has been buoyed by the coin's historical significance and the growing interest in precious metals as an investment. As silver prices fluctuate, the intrinsic value of the silver content, coupled with the numismatic value of the coin, ensures that it remains a desirable asset.
Collectors often seek coins that tell a story or represent a specific moment in history. The 1888-S Morgan Dollar fits this narrative perfectly, as it reflects the economic climate of its time, the artistry of its design, and the legacy of the United States Mint. Owning a piece like this allows collectors to connect with the past, appreciating both the artistry and the historical context that the coin embodies.
In conclusion, the Certified Morgan Silver Dollar 1888-S AU58 PCGS stands as a testament to the beauty and significance of American coinage. With its exquisite design, historical relevance, and the assurance of quality through professional grading, this Morgan Dollar is not just a collectible but a piece of history. Whether for investment purposes or as a cherished addition to a numismatic collection, the 1888-S Morgan Silver Dollar remains a highly sought-after coin that captures the spirit of its era and the enduring legacy of the United States Mint.