1888 Morgan $1 PCGS MS64

While most colonists in 18^th Century America were comfortable using English Pounds as their currency, after the Revolutionary War, the fledgling American government required that the new American coinage, to be struck at their newly-constructed Mint, would be denominated in Dollars.
Since the Coinage Act of 1792 required a mint be built and American silver dollar coins were first struck in 1794, and the dollar denomination was defined by the Coinage Act of 1792.
These coins were issued annually through 1803. But no silver dollars were struck for circulation between 1804 and 1839. The Liberty Seated Dollar series began in 1840 and was struck through 1873. The parties supporting a Gold Standard for the United States came to power and they supported the Coinage Act of 1873, which removed the silver dollar coin from American commerce.
The Bland-Allison Act became law in 1878, and it created a new silver dollar coin. Additionally, it also required the Secretary of US Treasury to purchase $2 million dollars each month of newly-mined silver from American mines.
George T. Morgan, the Assistant Engraver at the US Mint, created the design for both sides of this new coin. Morgan depicted an allegorical representation of the profile of Miss Liberty, facing to the left. She wears a slave cap on her head. 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 struck in 1888 and was struck at the Philadelphia Mint. This coin has no mintmark. The Philadelphia Mint struck 19,183,000 silver dollar coins 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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