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The Certified Morgan Silver Dollar 1904 MS63 NGC stands as a significant artifact of American numismatic history, reflecting both the artistic excellence and the economic context of its time. Minted in the final year of the original Morgan Dollar series, this coin offers a compelling glimpse into early 20th-century American coinage. The MS63 grade from the Numismatic Guaranty Corporation (NGC) highlights its well-preserved condition and the craftsmanship that went into its production.
The Morgan Silver Dollar, designed by George T. Morgan, was first introduced in 1878. It was commissioned to replace the older Seated Liberty design, which had been in use since the 1830s. Morgan’s design was chosen for its innovative and striking appearance, which combined classical elements with a more contemporary aesthetic for the time. The series quickly gained popularity for its beauty and became one of the most collected coins in American history.
By 1904, the Morgan Dollar was nearing the end of its run. The coin had been struck continuously since its introduction, but the Treasury's decision to halt production was influenced by changes in the economic landscape, including the impact of the Gold Standard Act of 1900, which had reduced the need for silver coinage. As a result, 1904 marks the final year of the original Morgan series, making coins from this year particularly valuable to collectors.
The design of the 1904 Morgan Silver Dollar is a testament to George T. Morgan’s artistry. The obverse of the coin features a profile portrait of Lady Liberty, facing left. She is depicted with a Phrygian cap adorned with a band inscribed "LIBERTY," which symbolizes freedom and the democratic ideals of the United States. Her hair is styled in a manner reminiscent of classical representations of Liberty, conveying both grace and strength. Surrounding her portrait are the words "E PLURIBUS UNUM," meaning "Out of Many, One," reflecting the unity of the American states.
The reverse of the 1904 Morgan Dollar displays a detailed image of a bald eagle with outstretched wings, grasping an olive branch and arrows, which represent peace and readiness for conflict, respectively. Above the eagle is a banner with the motto "IN GOD WE TRUST," and below is the denomination "ONE DOLLAR" along with the inscription "UNITED STATES OF AMERICA." This design not only showcases Morgan's skill but also embodies the values and symbols of the nation.
The 1904 Morgan Silver Dollar was minted at the Philadelphia Mint, which was the primary minting facility for the series. The Philadelphia Mint produced the vast majority of the coins in the Morgan series, and the 1904 issue was no exception. The mintage for the 1904 Morgan Dollar was approximately 3,732,000 coins, which was relatively high compared to some of the more rare issues in the series. Despite this large mintage, high-quality examples such as the MS63 grade are not commonly found, making them particularly desirable among collectors.
The Certified Morgan Silver Dollar 1904 MS63 NGC represents a coin that has been evaluated and graded by the Numismatic Guaranty Corporation, a leading authority in coin grading. The MS63 grade indicates that the coin is in mint state with a high level of detail and minimal wear. Coins in this grade are known for their sharp strikes and attractive luster, with only minor imperfections visible under magnification. The MS63 grade reflects a coin that is well-preserved and exhibits the fine artistry of the original design with minimal signs of handling or wear.
Overall, the Certified Morgan Silver Dollar 1904 MS63 NGC is a remarkable piece of American numismatic history, capturing the elegance of George T. Morgan’s design and the historical context of its final year of issue. Its high-grade certification underscores its condition and desirability, making it a prized addition to any collection. Whether for investment purposes or as a collectible, this coin represents a significant chapter in American coinage and continues to be celebrated by numismatists and enthusiasts alike.