1878-S Morgan $1 PCGS MS63

In 1873, supporters of a Gold Standard sponsored the Coinage Act of that year. Included in that legislation was the exclusion of the silver dollar coin from being struck at a United States Mint.
Five years later, the passage of the Bland-Allison Coinage Act of 1878 re-established the silver dollar coin as the largest silver coin struck by the United States Mint. The Bland-Allison Act was supported by farmers, merchants, and by western mining interests.
These new silver dollar coins were first struck in 1878, and then annually through 1904. They were struck each year by both the Philadelphia Mint and by various branch mints. Due to a shortage of silver dollar coins, the Morgan Silver Dollars were struck once again in 1921.
This new silver dollar coin was designed by George T. Morgan, the Assistant Chief Engraver of the United States Mint. His designs had been better received than those of the current coin designer.
Morgan’s depiction of Miss Liberty had a more mature-looking face, as she faced the left. She wore a slave cap on her head. She was also adorned with a crown comprised of American agricultural products, such as cotton and wheat. She wore a headband upon which the word “LIBERTY,” was inscribed.
On the upper periphery of the obverse was inscribed the standard motto, “E PLURIBUS UNUM,” and the date that the coin was minted was placed on the lower periphery. In between that motto and the date were thirteen six-pointed stars – 7 on the left side, six on the right.
The reverse depicted a large American Eagle, facing left, with its wings outstretched and raised upward. Between the wings is the motto “IN GOD WE TRUST.” The eagle was centered within an olive wreath, and it held three arrows in her left talon, and she perches an olive branch with her right talon. On the upper periphery is “UNITED STATES OF AMERICA,” with the denomination “ONE DOLLAR,” at the lower periphery.
This coin was dated 1878, the inaugural year for this new coin, and it was struck by the San Francisco Mint, so there is an “S” mintmark underneath the eagle. The San Francisco Mint struck a large amount of silver dollar coins that year – 9,774,000.
This coin is graded as MS63 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence.
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