1882 Morgan $1 NGC MS63

The passage of the Bland-Allison Act of 1878 assured that a new silver dollar coin would be struck. No silver dollar coins had been struck since 1873, when they were excluded from minting by Gold Standard proponents.
But the Bland-Allison Act did more than just reestablish a silver dollar coin. The Secretary of the Treasury was also required to purchase $2 million dollars of newly mined silver from silver mines in the American West.
These new silver dollar coins were struck in 1878 and minted annually through 1904. There was a shortage of silver after World War I, so these same silver dollar coins were struck for one additional year, in 1921.
George T. Morgan, who was the Assistant Chief Engraver of the United States Mint, created designs for both sides of this new coin. His obverse design depicted a mature looking Miss Liberty, facing to the left. She wore a slave cap on her head, and a crown made of cotton and wheat. She also wore a headband upon which the word “LIBERTY,” had been inscribed. On the upper periphery of the obverse is inscribed “E PLURIBUS UNUM.” The date of minting 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 depicted a large American Bald Eagle, centered on the coin and facing to the left. The eagle’s wings are outstretched and raised upward. Placed between the wings, is the motto “IN GOD WE TRUST.” The eagle is centered within an olive wreath. It is holding three arrows in one talon, and an olive branch in her other. On the upper periphery is “UNITED STATES OF AMERICA,” and on the lower periphery is “ONE DOLLAR.”
This coin was dated 1882, and it was struck at the Philadelphia Mint, so there is no mintmark underneath the eagle. The Philadelphia Mint struck 11,100,000 silver dollar coins that year.
This coin is graded as MS63 by the Numismatic Guaranty Corporation (NGC), one of the three most popular grading services in existence.
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