1888-O Morgan $1 NGC MS63

Morgan Silver Dollars are some of the most popular vintage silver coins in the world. They were minted from 1878, annually through 1904. They were minted again for one year in 1921. These coins are made of 90% and contain over ¾ of a Troy Ounce of pure silver in them. They are historical reminders of the American West.
In 1878 the Bland-Allison Coinage Act, which was supported by farmers, merchants, and silver miners to restore the striking of a silver dollar coin, which had been removed in 1873. The Coinage Act of 1878 also mandated that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western mining interests.
George T. Morgan, who served as the Assistant Chief Engraver of the United States Mint, was the designer of both sides of this new silver dollar coin.
Morgan’s obverse design depicted a portrait of an older Miss Liberty, facing to the left. She wore a Phrygian cap, or 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,” was inscribed.
The upper periphery of the obverse was inscribed with “E PLURIBUS UNUM.” The date of minting 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.
Morgan’s reverse design displayed a historic 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 is dated 1888, and it was struck at the New Orleans Mint, so there is an “O” mintmark underneath the eagle. The New Orleans Mint struck a mintage of 12,150,000 silver dollar coins during that year.
his coin is graded as MS63 by the Numismatic Guaranty Corporation (NGC), one of the three most popular and desirable grading services in existence.
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