1883-O Morgan $1 PCGS MS65

In 1873, the Coinage Act of that year eliminated further minting of a silver dollar coin. So, for the next 5 years, the only silver dollar coins that were struck were US Trade Dollars, which were intended for use only in Asia.
But in 1878, the Bland-Allison Act restored the striking of a silver dollar coin, and it also mandated that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western mining interests.
These new silver dollar coins were initially struck in 1878, and then they were minted annually through 1904. There was a shortage of silver after World War I, so these silver dollar coins were struck for one year, in 1921.
George T. Morgan, who was the Assistant Chief Engraver of the United States Mint, created both the obverse and reverse designs.
Morgan’s obverse design depicted a representation of Miss Liberty, facing to the left. She wore a slave cap on her head, as well as 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 striking the coin was minted 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 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 1883, and it was struck at the New Orleans Mint, so there is an “O” mintmark underneath the eagle. The New Orleans Mint struck 8,725,000 silver dollar coins that year.
This coin is graded as MS65 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence. Coins graded as MS65 or higher are considered as ‘investment quality.”
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