1888 Morgan $1 NGC MS64

The Coinage Act of 1792 created the United States Mint, defined employees, and created a series of denominations for the fledgling United States.
American silver dollar coins were first struck in 1794 and then issued annually through 1803. The fabled 1804 Silver Dollar coins were struck in 1834 as part of special presentation sets to Asian world leaders to begin relationships with these nations. But no silver dollar coins were struck for commerce or circulation between 1804 and 1839.
In 1836, Christian Gobrecht created some pattern silver dollars, and they were quickly absorbed by both collectors and merchants. The Liberty Seated Dollar series began in 1840 and was struck through 1873.
But the parties supporting a Gold Standard for the United States came to power and they supported important legislation. The Coinage Act of 1873 removed the silver dollar coin from the repertoire of coins to be struck. The only silver dollar coins that were being struck after 1873 were the Trade Dollars, which were primarily exported to Asia increase trade with China and Japan.
By 1878, farmers, merchants, and western mining interests created legislation that restored the silver dollar coin. The Bland-Allison Act became law in 1878, and it not only created a new silver dollar coin but also required the Secretary of US Treasury to purchase $2 million dollars each month of newly-mined silver from western silver mines. Silver dollar coins would now be plentiful, everywhere in America.
A contemporary design for this new silver coin was needed and George T. Morgan, the Assistant Engraver at the US Mint, created the design for both sides. Morgan depicted the profile of a mature Miss Liberty, facing to the left. She wears a Phrygian, or slave cap. There is a crown atop it comprised of cotton and wheat and the word “LIBERTY,” is inscribed on the headband. The upper periphery has the motto, “E PLURIBUS UNUM,” and below Miss Liberty is the date of minting. There are also thirteen six-pointed stars spread out around the motto.
The reverse depicts the required American Bald Eagle, centered inside of a wreath. The eagle holds arrows in one talon and an olive branch in the other. The eagle’s wings are upright and outstretched and between the wings is the motto “IN GOD WE TRUST.” “UNITED STATES OF AMERICA,” is on the upper periphery and “ONE DOLLAR,” is on the lower periphery.
This coin was minted just one decade after their initial appearance, and it was struck at the Philadelphia Mint. This coin had no mintmark below the eagle. The Philadelphia Mint struck 18,183,000 silver dollar coins that year.
This coin is graded as MS64 by the Numismatic Guaranty Corporation (NGC), one of the three most popular and desirable grading services in existence.
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