1890 Morgan $1 NGC MS63

Price $138.00
 
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1890 Morgan $1 NGC MS63
1890 Morgan $1 NGC MS63
1890 Morgan $1 NGC MS63
1890 Morgan $1 NGC MS63
Morgan Silver Dollars are the some of the most popular coins ever struck by the United States Mint. They are big and heavy 90% silver coins that contain more than ¾ of a Troy Ounce of pure silver. They were struck from 1878 through 1904, so they invoke images of the American Wild West.
The Coinage Act of 1873, which was proposed and supported by people who promoted that the United States adopt a Gold Standard to back our currency, eliminated the silver dollar coin from being struck in the future.
But after a 5-year absence, these coins were restored as part of the Bland-Allison Coinage Act of 1878. Beyond reestablishing the largest silver coin, this coinage act would protect the silver dollar coin by requiring that the Secretary of the Treasury purchase $2 million dollars’ worth of newly mined silver from western mining interests, every month. That regulation would ensure a plethora of silver dollar coins far into the future.
George T. Morgan, who served as the Assistant Chief Engraver at the United States Mint in Philadelphia, designed both sides of this new coin. On his obverse, Morgan designed the profile of his representation of Miss Liberty, who faced to the left. She wore a Phrygian cap over her hair. She has a crown on her head comprised of cotton and wheat. She also wears a headband with the word “LIBERTY,” inscribed on it.
Also on the obverse, Morgan placed on the upper periphery the motto, “E PLURIBUS UNUM,” and below Miss Liberty’s profile is the date of striking. There are also thirteen six-pointed stars spread out around the motto. Seven stars on the left side and six stars on the right.
His reverse depicted a large American Bald Eagle that is positioned inside of an olive wreath. The eagle holds three arrows in the left talon and an olive branch in the right. The eagle’s wings are upright and outstretched and between the wings is “IN GOD WE TRUST.” “UNITED STATES OF AMERICA,” is on the upper periphery and “ONE DOLLAR,” is on the bottom periphery.
This coin is dated 1890 and it was struck at the Philadelphia Mint, so there is no mintmark present. The Philadelphia Mint struck 16,802,000 silver dollar coins that year.
This coin has satiny luster and is graded as MS63 by the Numismatic Guaranty Corporation (NGC), one of the three most popular grading services in existence.
Simply click the “Add to Cart” button now or call 1-800-880-4653 to speak to one of our highly trained numismatists, who will be happy to assist you.
 
          Specifications  
Year 1890
Denomination One Dollar
Grade MS63
Country United States of America
Grading Service NGC
Weight .77344
Fineness .900 Fine Silver
Diameter 38.1 mm
Manufacturer The United States Mint

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