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Inventory:
6 In Stock
- Product ID: 4151
Since Philadelphia was the capital at the time, the first mint was established in the center of it. The Coinage Act of 1792 announced the creation of the Philadelphia Mint, due to the Founding Father's desire to establish a means of international commerce. The Mint Act was passed shortly after, giving guidelines to the currency about to be produced. The Mint Act instituted a decimal system based on a dollar unit, the coins had to specify its metallic composition and fineness. It was also required that each US currency coin should present "an impression emblematic of liberty." Your 1889 Morgan was minted in Philadelphia, one of two mints left that originally minted the Morgans, and is considered to be in good-very good condition. Collectors who enjoy good-very good condition Morgans usually expect large amounts of wear on the coin, lending to a very smooth surface. However, the date is still very visible and readable.