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The Certified Morgan Silver Dollar 1902 MS62 NGC is a notable piece of American numismatic history, showcasing the exceptional craftsmanship and rich heritage of the United States Mint during the early 20th century. Struck at the Philadelphia Mint, this coin is part of the iconic Morgan Dollar series, which was minted from 1878 to 1904 and then briefly again in 1921. The 1902 Morgan Dollar holds particular significance due to its historical context, moderate mintage, and the unique characteristics associated with the Philadelphia Mint, 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 intricate 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 1902, the Philadelphia Mint produced approximately 7.9 million Morgan Silver Dollars. Despite this relatively moderate mintage, coins from the Philadelphia Mint are particularly sought after by collectors due to their consistent strike quality and the historical significance of being minted at the nation’s primary minting facility. The 1902 Morgan Dollar is especially noteworthy because it is one of the later issues in the series, produced during a period of significant economic and industrial expansion in the United States.
The Certified Morgan Silver Dollar 1902 MS62 NGC has been graded as Mint State 62 (MS62) by the Numismatic Guaranty Corporation (NGC). The MS62 grade indicates that the coin is in uncirculated condition with noticeable contact marks and abrasions that are relatively few and unobtrusive. The coin retains much of its original mint luster, and the strike is sharp, which is particularly commendable for a coin from this era. This grade reflects a balance between affordability and quality, making it an attractive option for collectors who seek a genuine piece of history without the higher costs associated with higher-grade coins.
The obverse of the coin, featuring Lady Liberty, displays sharp details in the hair and cap, with a vibrant luster that enhances the overall visual appeal. The fields are generally clean, with some scattered marks typical of the MS62 grade. The reverse, depicting the eagle, also retains strong details, with the feathers and other design elements well-defined. The absence of a mint mark, indicating its origin at the Philadelphia Mint, underscores the coin’s historical and collectible appeal. The combination of sharp details, lustrous surfaces, and minimal marks 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 1902 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 1902 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 1902 MS62 NGC is a remarkable coin that combines historical significance, artistic beauty, and collectible value. Its moderate mintage, well-preserved condition, and the unique qualities associated with the Philadelphia Mint 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 1902 Morgan Silver Dollar MS62 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.