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The Certified Morgan Silver Dollar 1898 MS61PL NGC is an exceptional piece of American numismatic history, showcasing the intricate craftsmanship and rich heritage of the United States Mint at the end of the 19th century. Struck at the Philadelphia Mint, this coin is part of the illustrious Morgan Dollar series, which was minted from 1878 to 1904 and then briefly again in 1921. The 1898 Morgan Dollar holds particular significance due to its historical context, relatively high mintage, and the Prooflike (PL) designation, making it a highly desirable piece among collectors.
Designed by George T. Morgan, an English engraver who later became the Chief Engraver of the United States Mint, the Morgan Silver Dollar features detailed and symbolic imagery. The obverse of the coin displays a left-facing profile of Lady Liberty, modeled after Anna Willess Williams, a Philadelphia schoolteacher whose classical profile Morgan believed epitomized American ideals. Liberty is depicted wearing a Phrygian cap inscribed with "LIBERTY" and adorned with cotton and wheat, symbolizing America’s agricultural wealth. The reverse showcases a heraldic eagle with outstretched wings, clutching an olive branch and arrows, signifying the nation's readiness for peace and defense. These detailed design elements highlight Morgan’s artistic talent and the high standards of the U.S. Mint during that era.
The Philadelphia Mint, identified by the absence of a mint mark, was the first and foremost mint facility in the United States, responsible for producing some of the most significant coins in American history. In 1898, the Philadelphia Mint produced approximately 5.8 million Morgan Silver Dollars. Despite this relatively high mintage, coins from the Philadelphia Mint with the Prooflike designation are particularly sought after by collectors due to their reflective surfaces and sharp strikes. Finding well-preserved examples with the Prooflike designation can be challenging, adding to the coin's desirability and value.
The Certified Morgan Silver Dollar 1898 MS61PL NGC has been graded as Mint State 61 (MS61) by the Numismatic Guaranty Corporation (NGC). The MS61 grade indicates that the coin is in uncirculated condition with noticeable contact marks and abrasions that are more prominent at this grade level but do not significantly detract from its overall appearance. Additionally, the Prooflike (PL) designation means that the coin exhibits reflective surfaces similar to those seen on proof coins, enhancing its visual appeal and adding to its rarity and value among collectors.
The obverse of the coin, featuring Lady Liberty, showcases sharp details in the hair and cap, with reflective fields that provide a striking contrast to the frosted devices. The fields are generally clean, with some scattered marks typical of the MS61 grade. The reverse, depicting the eagle, also retains strong details, with the feathers and other design elements well-defined and highlighted by the reflective surfaces. The lack of a mint mark is indicative of its production at the Philadelphia Mint, adding to the coin’s historical and collectible appeal. The combination of sharp details, lustrous surfaces, and the Prooflike designation makes this coin a standout example of the Morgan Dollar series.
NGC certification ensures the coin's authenticity and provides a reliable assessment of its grade, offering collectors confidence in their acquisition. NGC is one of the leading third-party grading services, known for its stringent grading standards and trustworthy evaluations. The certification process ensures that the coin's characteristics are accurately documented, enhancing its market value and appeal to collectors.
The historical context of the 1898 Morgan Dollar adds to its allure. The Morgan Dollar series, named after its designer George T. Morgan, was introduced to replace the Seated Liberty Dollar and to capitalize on the abundant silver supply following the discovery of the Comstock Lode in Nevada. The series is renowned for its beautiful design and historical significance, capturing a transformative period in American economic history. The 1898 Morgan Dollar, produced during a time of significant economic and industrial expansion in the United States, is a testament to this era of growth and prosperity.
In summary, the Certified Morgan Silver Dollar 1898 MS61PL NGC is a remarkable coin that combines historical significance, artistic beauty, and collectible value. Its relatively high mintage, well-preserved condition, the unique qualities associated with the Philadelphia Mint, and the Prooflike designation make it a prized addition to any serious collection. This coin not only represents a tangible connection to America’s economic and cultural history but also showcases the enduring allure of the Morgan Dollar series. For numismatists and history enthusiasts, the 1898 Morgan Silver Dollar MS61PL NGC is a testament to the rich legacy of American coinage and a prized possession that reflects the intricate stories and artistry embedded in each piece.