1902-O Morgan $1 NGC MS64
Silver dollar coins, which were first struck in 1794, had been popular for commerce, especially in the American West. But that coin was the target of bankers, merchants, and gold miners who wanted the silver dollar coin eliminated and for the United States currency to be backed by gold instead of both gold and silver.
In 1873, this coalition was successful in getting a Coinage Act of 1873 passed and it did exactly that. It eliminated the silver dollar coin, and it also prohibited the ability of silver miners to convert their raw ore into silver dollar coins.
But five years later, the Bland-Allison Coinage Act of 1878 was passed, and that law reestablished the silver dollar coin. Going further, this 1878 Act also mandated that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western mining interests every month. This silver would be used to strike the new silver dollar coins – millions and millions of them.
New coin designs for the obverse and reverse needed to be created and they were created by George T. Morgan, who served as the Assistant Chief Engraver of the United States Mint.
Morgan’s obverse design displayed a portrait of Miss Liberty, facing to the left. She wore a slave 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 inscribed.
The upper periphery of the obverse was inscribed with “E PLURIBUS UNUM.” 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.
Morgan’s 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 an 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 displayed on the lower periphery.
This coin is dated 1902 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 8,636,000 silver dollar coins during that year.
This coin is graded as MS64 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.
In 1873, this coalition was successful in getting a Coinage Act of 1873 passed and it did exactly that. It eliminated the silver dollar coin, and it also prohibited the ability of silver miners to convert their raw ore into silver dollar coins.
But five years later, the Bland-Allison Coinage Act of 1878 was passed, and that law reestablished the silver dollar coin. Going further, this 1878 Act also mandated that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western mining interests every month. This silver would be used to strike the new silver dollar coins – millions and millions of them.
New coin designs for the obverse and reverse needed to be created and they were created by George T. Morgan, who served as the Assistant Chief Engraver of the United States Mint.
Morgan’s obverse design displayed a portrait of Miss Liberty, facing to the left. She wore a slave 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 inscribed.
The upper periphery of the obverse was inscribed with “E PLURIBUS UNUM.” 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.
Morgan’s 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 an 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 displayed on the lower periphery.
This coin is dated 1902 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 8,636,000 silver dollar coins during that year.
This coin is graded as MS64 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 | 1902-O |
| Denomination | One Dollar |
| Grade | MS64 |
| 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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