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- Product ID: 10126
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The Certified Morgan Silver Dollar 1901 AU58 NGC is in almost uncirculated condition and comes encased in an official NGC holder. Producing currency wasn't just a means to boost economic commerce but also helped put the US on the map internationally. In 1792, the first US Mint facility was established by the Coinage Act of 1792. This act came about by the Founding Fathers, who desired to assign the US its own national identity and give it a place among international commerce. The Philadelphia Mint was claimed the first US Mint, since it was located in the country's capital at the time. This Coinage Act also instituted a decimal system for the coins being produced, requiring coins' to carry their legal tender and specify their metallic fineness and composition on the coin. It also demanded that "an impression emblematic of liberty" should be prevalent on each US coin minted so that is why Lady Liberty is on all of the US's currency.