1884 Morgan $1 PCGS MS64

In 1873, the people who used and supported the silver dollar coin were dealt an important blow. The Coinage Act of 1873 legislation had passed, and one of those provisions was the elimination of the silver dollar coin. The Act was supported by proponents of a Gold Standard for America. They felt that eliminating the production of the largest silver coin would be a good step in that direction. Additionally, this same Coinage Act made it impossible for anyone to exchange their raw silver to the US Mint for silver dollar coins.
But just five years later, that situation was rectified. The Bland-Allison Act of 1878 restored the silver dollar coin that had been eliminated. 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 minted annually from 1878 through 1904, and again in 1921, as there was a silver shortage after World War I. George T. Morgan, the Assistant Chief Engraver of the United States Mint, who had created many important coin designs, created both the obverse and reverse designs for this new silver dollar coin. Originally called the “Liberty Head Silver Dollar,” it became the ‘Morgan Silver Dollar,’ and remains being called that today.
The obverse that George Morgan created depicted an allegorical representation of an older Miss Liberty, who faced 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.
He then placed the motto “E PLURIBUS UNUM,” on the upper periphery of the obverse, The date of striking the coin 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 depicted a large American Bald Eagle, facing to the left, with 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 a large 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 Philadelphia Mint, so there is no mintmark underneath the eagle. The Philadelphia Mint struck just 14,070,000 silver dollar coins during that year.
This coin is graded as MS64 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence.
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