1901-O Morgan $1 NGC MS63

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1901-O Morgan $1 NGC MS63
1901-O Morgan $1 NGC MS63
1901-O Morgan $1 NGC MS63
1901-O Morgan $1 NGC MS63
Today, Morgan Silver Dollars are some of the most popular vintage silver coins ever struck by the United States Mint. But it was not always that way. In fact, these silver dollar coins were once eliminated from production and proponents of these coins fought for their very survival.
In 1873, the Coinage Act of 1873, which was proposed and supported by proponents of a gold standard for US coinage, became law. This Act eliminated the silver dollar coin and prohibited the exchange of silver ore for silver dollars through the US Mint.
Five years later, in 1878 the Bland-Allison Coinage Act became law. This Act restored the silver dollar coin that had been eliminated in 1873. But not only was the silver dollar coin restored but this Act required that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western silver mines every month.
George T. Morgan, who served as the Assistant Chief Engraver of the United States Mint created designs that were selected for both sides of this new coin.
His obverse design displayed a portrait of an older Miss Liberty, facing to the left. She wore a Phrygian cap on her head, as well as a crown made of cotton and wheat. She also wore a headband upon which the word “LIBERTY,” was boldly inscribed.
On the upper periphery of the obverse was “E PLURIBUS UNUM,” and the date of minting was placed on the lower periphery. In between that motto and the date were thirteen six-pointed stars – seven on the left side, six on the right near the coin’s edge.
His reverse design displayed a large American Bald Eagle, facing to the left, and the eagle’s wings are outstretched and raised upward. The motto, “IN GOD WE TRUST,” is positioned between the eagle’s wings. The eagle is centered within a large olive wreath. It holds three arrows in one talon, and an olive branch in her other. On the upper periphery is “UNITED STATES OF AMERICA,” and the denomination “ONE DOLLAR,” is on the lower periphery.
This coin is dated 1901 and it was struck at the New Orleans Mint, so there is an “O” mintmark underneath the eagle. The New Orleans Mint struck a mintage of 13,320,000 silver dollar coins during that year.
This coin is graded as MS63 by the Numismatic Guaranty Corporation (NGC), one of the three most popular and desirable 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 1900-O
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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