1879-S Morgan $1 PCGS MS64

The passage of the Bland-Allison Coinage Act in 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. The law not only re-established the silver dollar coin, but it also required the Secretary of the Treasury to purchase $2 million dollars’ worth of newly mined silver from the same western mining interests that supported the Bland-Allison Act.
The provision of buying all that silver insured that there would be an abundant supply of new silver dollar coins, starting in 1878. These new coins were first struck in 1878, and then annually through 1904 and 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.
George T. Morgan, who was at that time, the Assistant Chief Engraver of the United States Mint, created designs that were very well-received. His obverse design depicted a more mature-looking Miss Liberty than she had previously been displayed. She wore a slave cap on her head, and she also had a crown comprised of cotton and wheat. She wore a headband upon which the word “LIBERTY,” was inscribed.
On the upper periphery of the obverse of Morgan’s silver dollar, was inscribed the traditional motto, “E PLURIBUS UNUM.” 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 our symbolic American Bald Eagle, facing left, with its wings outstretched and raised upward. Placed strategically between the wings, is the motto “IN GOD WE TRUST.” The eagle is centered within an olive wreath. It held three arrows in her left talon, and 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 1879 and it was struck by the San Francisco Mint, so there is an “S” mintmark underneath the eagle. The San Francisco Mint struck a fair amount of silver dollar coins that year – 9,110,000.
This coin is graded as MS64 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence.
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