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The GSA Morgan Silver Dollar 1879 Flat Pack is a fascinating representation of one of the most iconic coins in American numismatics. The Morgan Silver Dollar was designed by George T. Morgan, an English engraver who worked for the U.S. Mint. Struck from 1878 to 1904, and then again in 1921, the Morgan dollar was a product of the Coinage Act of 1873, which mandated the minting of silver dollars to replace the older, less popular coins. The 1879 date holds particular significance within the series, as it reflects the early years of the Morgan dollar's production during a time of significant economic and social change in the United States.
The design of the 1879 Morgan Silver Dollar features a profile of Liberty on the obverse, adorned with a Phrygian cap, which symbolizes freedom. Surrounding Liberty's head are the inscriptions "LIBERTY" and the year "1879." The reverse displays a majestic bald eagle, a symbol of the United States, perched upon a rock with its wings spread wide. The eagle is encircled by a laurel wreath and the inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR." The coin's design reflects the ideals of American strength and independence, resonating deeply with the values of the nation during its time of issue.
This particular specimen is part of the GSA (General Services Administration) program, which was initiated in the late 1970s to sell the remaining inventory of uncirculated Morgan and Peace silver dollars that had been stored in the vaults of the U.S. Mint since the 1930s. The GSA was responsible for auctioning off these coins, making them widely accessible to collectors and investors. The Flat Pack refers to the specific packaging used for these coins, which allows for easy storage and display. Each coin is encased in a clear, protective holder that preserves its condition while allowing for visibility. The GSA Morgan Silver Dollars are particularly prized for their quality and the historical significance of their release.
The 1879 Morgan Silver Dollar was minted in Philadelphia, where the first coins of this series were produced. The total mintage for the 1879 coin is approximately 11,100,000 pieces, which contributes to its relative availability in comparison to other dates in the series. However, due to the coin's popularity and the demand from collectors, high-grade examples, particularly those that have been preserved as uncirculated, command premium prices in the marketplace.
As part of the GSA program, the 1879 Flat Pack Morgan Silver Dollar is particularly significant due to its connection to the broader history of the U.S. Mint and the evolving landscape of American coinage. Coins from the GSA sales have become highly collectible in their own right, with enthusiasts seeking to acquire these pieces not only for their numismatic value but also for their historical context. The GSA's distribution of these coins brought renewed interest in the Morgan Silver Dollar series, ensuring its place in the hearts of collectors and investors alike.
In summary, the GSA Morgan Silver Dollar 1879 Flat Pack is a valuable piece of American history, showcasing both artistic design and significant minting heritage. Its association with the GSA program, along with its historical context and substantial mintage, makes it an essential acquisition for anyone interested in the rich tapestry of American numismatics.