1881 Morgan $1 PCGS MS63
In 1873, the Coinage Act passed and one of those provisions was the elimination of the silver dollar coin – the largest silver coin that the Mint had ever made. Additionally, the Act also made it impossible for silver miners to exchange their raw silver to the US Mint to be turned into silver dollar coins.
But five years later, the Bland-Allison Act of 1878 restored the silver dollar coin that had been eliminated. Even more importantly, the Bland-Allison Act mandated that the Secretary of the Treasury be required to purchase $2 million dollars 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 and his designs were approved.
Morgan’s obverse design depicted 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.
The upper periphery of the obverse displayed “E PLURIBUS UNUM.” The date of minting was displayed 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 was 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 Professional Coin Grading Service (PCGS), 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.
But five years later, the Bland-Allison Act of 1878 restored the silver dollar coin that had been eliminated. Even more importantly, the Bland-Allison Act mandated that the Secretary of the Treasury be required to purchase $2 million dollars 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 and his designs were approved.
Morgan’s obverse design depicted 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.
The upper periphery of the obverse displayed “E PLURIBUS UNUM.” The date of minting was displayed 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 was 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 Professional Coin Grading Service (PCGS), 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 | 1881 |
| Denomination | One Dollar |
| Grade | MS63 |
| Country | United States of America |
| Grading Service | PCGS |
| Weight | .77344 |
| Fineness | .900 Fine Silver |
| Diameter | 38.1 mm |
| Manufacturer | The United States Mint |
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