1884 Morgan $1 PCGS MS63

Silver dollar coins were first struck in 1794 and the first series of these coins to be struck annually over a long time was the Liberty Seated Silver Dollar series which began in 1840 and ended in 1873.
In 1873, the Coinage Act of 1873 legislation passed, and one of the provisions was the elimination of the silver dollar coin. The Act was supported by proponents of a Gold Standard.
Additionally, this same Coinage Act prohibited anyone from exchanging their raw silver to the US Mint for silver dollar coins.
Five years later, 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, created both the obverse and reverse designs for this new silver dollar coin.
The obverse that George Morgan created depicted an allegorical representation of 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.
Morgan 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.
His 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 MS63 by the Professional Coin Grading Service (PCGS), one of the three most popular and desirable grading services in existence.
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