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The Certified Morgan Silver Dollar 1891 MS64 PCGS is a remarkable example of one of the most iconic coins in American history. Minted during a time of significant economic change and social upheaval, the Morgan Dollar serves as a testament to the artistry and craftsmanship of its era. This particular coin is especially noteworthy due to its high grade, making it a coveted piece among collectors and investors alike.
The Morgan Silver Dollar was first minted in 1878 and was designed by George T. Morgan, an English engraver who worked for the United States Mint. The coin was created to serve as a response to the growing demand for silver currency, driven by the Bland-Allison Act of 1878, which required the U.S. Treasury to purchase and mint a certain amount of silver. The 1891 Morgan Dollar is part of the series that reflects the country's rich history and evolving monetary policy during the late 19th century.
The obverse of the 1891 Morgan Dollar features a stunning portrait of Lady Liberty, symbolizing freedom and democracy. She is depicted wearing a Phrygian cap, a traditional symbol of liberty, and her flowing hair is adorned with a headband inscribed with the word "LIBERTY." This design captures the essence of American ideals and showcases the fine details that engravers of the time were able to achieve. Surrounding Lady Liberty are the inscriptions “E PLURIBUS UNUM” and the year “1891,” emphasizing the coin’s national significance.
The reverse of the coin features an eagle, a potent symbol of the United States, with its wings outstretched. The eagle is depicted clutching arrows and an olive branch, representing the balance of power and the pursuit of peace. Surrounding the eagle is a wreath, which symbolizes unity and strength. The inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR” affirm its denomination and status as legal tender. This reverse design has become iconic and is celebrated for its artistic merit.
Minted from 90% silver and 10% copper, the 1891 Morgan Dollar weighs 26.73 grams and has a diameter of 38.1 mm. The coin's silver content ensures that it possesses intrinsic value, making it not only a collectible item but also a valuable asset for investors. The combination of silver's historical significance and the Morgan design creates a unique appeal that resonates with those who appreciate both beauty and investment potential.
The 1891 Morgan Dollar was struck at the Philadelphia Mint, which has been a cornerstone of American coinage since its establishment in 1792. The Philadelphia Mint is known for producing high-quality coins, and the 1891 Morgan Dollar exemplifies this craftsmanship. The minting process of the time utilized traditional techniques that resulted in coins with sharp details and a striking finish.
The mintage of the 1891 Morgan Dollar reached approximately 2,300,000 pieces, making it a relatively common date in the Morgan series. However, the demand for high-grade examples, such as the MS64 certified by PCGS, remains strong. Coins in this grade exhibit minimal wear, brilliant luster, and sharp details that showcase the artistry of the design. The grade MS64 indicates that the coin is nearly perfect, with only minor imperfections visible under magnification.
Collecting Morgan Dollars, particularly in higher grades, has become a popular pastime among numismatists. The 1891 Morgan Dollar, with its beautiful design and historical significance, stands out as a desirable addition to any collection. As time passes, coins like the MS64 certified example become increasingly sought after, contributing to their value and desirability in the market.
The Certified Morgan Silver Dollar 1891 MS64 PCGS not only represents a piece of currency but also serves as a link to America's past, encapsulating a moment in time when the nation was growing and evolving. It embodies the spirit of a country striving for prosperity and unity, making it a cherished collectible for generations to come. As such, this coin remains a significant artifact that reflects the artistry and heritage of American coinage.