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The Certified Morgan Silver Dollar 1904 AU58 PCGS is a significant piece of American numismatic history, encapsulating the exceptional craftsmanship and rich heritage of the United States Mint at the turn of the 20th century. This coin, struck at the Philadelphia Mint, is part of the iconic Morgan Dollar series, which was minted from 1878 to 1904 and then briefly again in 1921. The 1904 Morgan Dollar holds particular significance due to its historical context, its relatively low mintage, and its 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 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 1904, the Philadelphia Mint produced approximately 2.8 million Morgan Silver Dollars. This relatively low mintage, combined with the superior craftsmanship often associated with the Philadelphia Mint, adds to the coin's rarity and desirability among collectors. The 1904 Morgan Dollar is especially sought after due to its historical context and the high quality of coins produced at the Philadelphia Mint.
The Certified Morgan Silver Dollar 1904 AU58 PCGS has been graded as About Uncirculated 58 (AU58) by the Professional Coin Grading Service (PCGS). The AU58 grade indicates that the coin exhibits very slight wear on the highest points of the design but retains the appearance of an uncirculated coin. The coin maintains a significant amount of its original mint luster, and the strike is notably sharp, which is particularly commendable for a coin from the Philadelphia Mint. This grade reflects a balance between the allure of a nearly uncirculated coin and the affordability of a slightly lower grade, making it an attractive option for collectors.
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 minor wear on the highest points, typical of the AU58 grade. The reverse, depicting the eagle, also retains strong details, with the feathers and other design elements well-defined. The combination of sharp details, lustrous surfaces, and minimal wear makes this coin a standout example of the Morgan Dollar series.
PCGS certification ensures the coin's authenticity and provides a reliable assessment of its grade, offering collectors confidence in their acquisition. PCGS 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 1904 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 1904 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 1904 AU58 PCGS is a remarkable coin that combines historical significance, artistic beauty, and collectible value. Its relatively low mintage, superior preservation, 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 1904 Morgan Silver Dollar AU58 PCGS 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.