1882-S Morgan $1 NGC MS63

The 1794 Flowing Hair Silver Dollar was the first silver dollar coin struck by the United States Mint. The silver dollar is the largest silver coin struck by the Mint and its importance cannot be underestimated to American commerce.
In 1873, the Coinage Act of 1873 had passed, and it eliminated the silver dollar coin. This act was sponsored by parties that wished to move the United States currency to a Gold Standard. It was in effect for the next five years, but in 1878 the silver mining interests in the American West proposed and supported legislation to overturn the harmful effects of the 1873 Act.
In 1878, the Bland-Allison Coinage Act was passed, and it reestablished the silver dollar coin. For five years, no silver dollar coins were struck for domestic commerce. But not only did the Bland-Allison Coinage Act restore that coin, but it also required the Secretary of the Treasury to purchase $2 million dollars’ worth of newly mined silver each month.
These new silver dollar coins were minted in 1878 and struck annually through 1904. They were struck again in 1921 to alleviate a silver shortage created by World War I.
This new silver dollar coin required new obverse and reverse designs. George T. Morgan, the Assistant Chief Engraver of the United States Mint, created both designs for this coin.
Morgan’s obverse design depicted a portrait of Miss Liberty, facing to the left. She wore a slave cap on her head, and a crown of cotton and wheat. She also wore a headband upon which the word “LIBERTY,” had been inscribed.
On the upper periphery, the motto, “E PLURIBUS UNUM,” was inscribed. The date that the coin was struck 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.
Morgan’s reverse design depicted an American Bald Eagle, facing left, and the eagle’s wings were outstretched and raised upward. In between the outstretched wings, was the motto “IN GOD WE TRUST.” The eagle is centered inside of an olive wreath. The eagle held three arrows in one talon, and an olive branch in her other talon. On the upper periphery is “UNITED STATES OF AMERICA,” and the denomination “ONE DOLLAR,” was displayed on the lower periphery.
This coin was dated 1882, and it was struck by the San Francisco Mint, so there is an “S” mintmark underneath the eagle. The San Francisco Mint struck 9,250,000 silver dollar coins that year. These particular “S” mint coins (1879-S through 1882-S) are typically well-struck and have brilliant luster. This coin has a great strike and eye appeal.
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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