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The Certified Morgan Silver Dollar 1902-S MS63+ NGC is a captivating piece of American numismatic history, encapsulating the exceptional craftsmanship and rich heritage of the United States Mint in the early 20th century. Struck at the San Francisco 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-S Morgan Dollar is particularly notable due to its relatively low mintage, historical context, and exceptional condition, 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 San Francisco Mint, identified by the "S" mint mark beneath the wreath on the reverse side, played a crucial role in producing coinage for the United States, particularly in the late 19th and early 20th centuries. In 1902, the San Francisco Mint produced approximately 1.5 million Morgan Silver Dollars. This relatively low mintage, combined with the superior craftsmanship often associated with the San Francisco Mint, adds to the coin's rarity and desirability among collectors. The 1902-S Morgan Dollar is especially sought after due to its historical context and the high quality of coins produced at the San Francisco Mint.
The Certified Morgan Silver Dollar 1902-S MS63+ NGC has been graded as Mint State 63+ (MS63+) by the Numismatic Guaranty Corporation (NGC). The MS63+ grade indicates that the coin is in uncirculated condition with minor contact marks and abrasions that are relatively few and unobtrusive. The plus designation signifies that the coin exhibits qualities that exceed the standard MS63 grade, nearing the next grade level. The coin retains much of its original mint luster, and the strike is notably sharp, which is particularly commendable for a coin from the San Francisco Mint. This grade reflects a balance between affordability and high quality, making it an attractive option for collectors seeking a superior example of this historic coin.
The obverse of the coin, featuring Lady Liberty, showcases 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 MS63 grade but with a quality that edges towards MS64. The reverse, depicting the eagle, also retains strong details, with the feathers and other design elements well-defined. The "S" mint mark is prominently visible, adding to 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-S 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-S Morgan Dollar, produced at the height of the United States' industrial expansion, is a testament to this era of growth and prosperity.
In summary, the Certified Morgan Silver Dollar 1902-S MS63+ NGC is a remarkable coin that combines historical significance, artistic beauty, and exceptional condition. Its relatively low mintage, superior preservation, and the unique qualities associated with the San Francisco 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-S Morgan Silver Dollar MS63+ 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.