1898-O Morgan $1 PCGS MS65
The Coinage Act of 1873, sponsored by proponents of a coinage system based on a gold standard, removed the silver dollar coin from the coins to be struck by the United States Mint. After passage of this Act, the only silver dollar coins that were being struck were the United States Trade Dollars. These coins were exported to Asia to increase trade with China and Japan.
But by 1878, there was enough support for the re-establishment of the silver dollar coin. In the American West, a coalition of farmers, merchants. and the western mining interests created and financed the legislation that would do exactly that.
In 1878, the Bland-Allison Act passed Congress. This important Act not only created a new silver dollar coin, but it also required the Secretary of the US Treasury to purchase $2 million dollars each month of newly mined silver from western silver mines. That requirement assured that silver dollar coins would be plentiful.
George T. Morgan, the Assistant Engraver at the US Mint, created the design that was selected for the new silver dollar coin. Morgan depicted the profile of an allegorical representation of Miss Liberty, facing to the left. She is wearing a Phrygian, or slave cap and there is a crown, comprised of cotton and wheat, over it. There is a headband with the word “LIBERTY,” inscribed on it.
The upper periphery of the coin’s obverse displays 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.
The reverse depicts a regal American Bald Eagle, located inside of a wreath. The eagle holds arrows in her 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 was struck in 1898, two decades after the design had begun. It was struck at the New Orleans Mint, so there is an “O” mintmark present, below the eagle. The New Orleans Mint struck 4,440,000 silver dollar coins that year.
This coin is graded as MS65 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence. Coins graded as “MS65” or higher are considered as investment quality coins.
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.
But by 1878, there was enough support for the re-establishment of the silver dollar coin. In the American West, a coalition of farmers, merchants. and the western mining interests created and financed the legislation that would do exactly that.
In 1878, the Bland-Allison Act passed Congress. This important Act not only created a new silver dollar coin, but it also required the Secretary of the US Treasury to purchase $2 million dollars each month of newly mined silver from western silver mines. That requirement assured that silver dollar coins would be plentiful.
George T. Morgan, the Assistant Engraver at the US Mint, created the design that was selected for the new silver dollar coin. Morgan depicted the profile of an allegorical representation of Miss Liberty, facing to the left. She is wearing a Phrygian, or slave cap and there is a crown, comprised of cotton and wheat, over it. There is a headband with the word “LIBERTY,” inscribed on it.
The upper periphery of the coin’s obverse displays 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.
The reverse depicts a regal American Bald Eagle, located inside of a wreath. The eagle holds arrows in her 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 was struck in 1898, two decades after the design had begun. It was struck at the New Orleans Mint, so there is an “O” mintmark present, below the eagle. The New Orleans Mint struck 4,440,000 silver dollar coins that year.
This coin is graded as MS65 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence. Coins graded as “MS65” or higher are considered as investment quality coins.
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 | 1898-O |
| Denomination | One Dollar |
| Grade | MS65 |
| Country | United States of America |
| Grading Service | PCGS |
| Weight | .77344 |
| Fineness | .900 Fine Silver |
| Diameter | 38.1 mm |
| Manufacturer | The United States Mint |
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