1890 Morgan $1 PCGS MS63

The Coinage Act of 1873, proposed and supported by people who promoted that the United States adopt a Gold Standard, eliminated the silver dollar coin from being struck in the future.
But the Bland-Allison Coinage Act of 1878, reestablished the largest silver coin, and it also required that the Secretary of the Treasury purchase $2 million dollars’ worth of newly mined silver from western mining interests, every month. That portion of this regulation would ensure a surplus of silver dollar coins far into the future.
Now, new silver dollar coin designs needed to be created. George T. Morgan, who served as the Assistant Chief Engraver at the United States Mint in Philadelphia, designed both sides of this new coin. On the obverse, Morgan displayed the profile of Miss Liberty, who faced to the left. She wore a Phrygian cap over her hair. She has a crown on her head comprised of cotton and wheat. She also wears a headband with the word “LIBERTY,” inscribed on it.
Morgan placed on the upper periphery, of the obverse, the motto, “E PLURIBUS UNUM,” and below Miss Liberty’s profile is the date of striking. There are also thirteen six-pointed stars spread out around the motto. Seven stars on the left side and six stars on the right.
Morgan’s reverse depicted a large American Bald Eagle that is positioned inside of an olive wreath. The eagle holds three arrows in the left talon and an olive branch in the right. The eagle’s wings are upright and outstretched and between the wings is “IN GOD WE TRUST.” “UNITED STATES OF AMERICA,” is on the upper periphery and “ONE DOLLAR,” is on the bottom periphery.
This coin is dated 1890 and it was struck at the Philadelphia Mint, so there is no mintmark present. The Philadelphia Mint struck 16,802,000 silver dollar coins that year.
This coin has satiny luster and is graded as MS63 by the Professional Coin Grading Service (PCGS), one of the three most popular grading services in existence.
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