1880 Morgan $1 NGC MS63

In 1873, the Coinage Act of that year eliminated the silver dollar coin and prohibited the exchange by silver miners of raw silver into silver dollar coins struck by the Mint. The idea was to encourage the use of gold dollars and to back America’s currency by promoting a gold standard.
Five years later, in 1878, the Bland-Allison Act legislation was passed, and it restored the silver dollar coin, and the act mandated that the Secretary of the Treasury be required to purchase $2 million dollars of newly mined silver from Western silver mines, every month.
These new silver dollar coins were struck from 1878 through 1904. They were struck for one additional year in 1921, as there was a silver shortage after World War I.
New coin designs for these new silver dollar coins were needed. George T. Morgan, who was the Assistant Chief Engraver of the United States Mint, created both the obverse and reverse designs for these new coins.
His obverse design depicted the profile of a mature Miss Liberty, facing to the left. She wore a Phrygian cap on her head, as well as a crown made of cotton and wheat. Additionally, she wore a headband upon which displayed the word “LIBERTY.” The upper periphery displays “E PLURIBUS UNUM.” The date of striking 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.
His reverse design for this new silver dollar 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 was dated 1880, and it was struck at the Philadelphia Mint, so there is no mintmark underneath the eagle. The Philadelphia Mint struck t 12,600,000 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.
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