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- Product ID: 11721
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The Certified Morgan Silver Dollar 1891 MS62 PCGS has earned an average grade from the Sheldon BU Grading Scale and comes encased in an official PCGS holder. The Philadelphia Mint is the oldest mint in the US, being established in 1792. After the ratification of the Constitution, the Founding Fathers needed to establish a national identity and a means of commerce. At the time, Philadelphia was the capital of the US so it only made sense for the first mint to be built there. The Mint Act was also passed, during this time, to assign coins denominations based on their legal tender or metal fineness. This act also constituted that any coin in the US should feature "an impression emblematic of liberty."