1881 Morgan $1 NGC MS63

The Bland-Allison Act of 1878 restored the silver dollar coin that had been eliminated, five years earlier. More importantly, the Bland-Allison Act mandated that the Secretary of the Treasury be required to purchase $2 million dollars, every month, of newly mined silver from Western silver mines. These new silver dollar coins were struck from 1878 through 1904, and again in 1921, as there was a silver shortage after World War I.
The Assistant Chief Engraver of the United States Mint, George T. Morgan, created both the obverse and reverse designs for this new coin. His designs met with widespread approval.
Morgan’s obverse design displayed a mature-looking representation of 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 displayed.
On the upper periphery of the obverse, the motto “E PLURIBUS UNUM,” is displayed. The date of minting is shown on the lower periphery. In between that motto and the date are thirteen six-pointed stars – seven on the left side, six on the right.
Morgan’s reverse design displays 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 1881, and it was struck at the Philadelphia Mint, so there is no mintmark underneath the eagle. The Philadelphia Mint struck just 9,163,000 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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