1897 Morgan $1 NGC MS63

In 1878, the passage of the Bland-Allison Coinage Act re-established the silver dollar coin as the largest denomination of silver coin struck by the United States Mint. It originally had been pulled from production in 1873. Besides reestablishing the silver dollar coin, the legislation required that the Secretary of the Treasury purchase $2 million dollars’ worth of silver from American silver mines in the West.
These new silver dollar coins were first struck in 1878, and then annually through 1904. Due to a silver shortage after World War I, these silver dollar coins were struck once again in 1921. George T. Morgan, the Assistant Chief Engraver of the United States Mint, designed both sides of these coins.
Morgan’s obverse depicted Miss Liberty to have a more mature-looking face and faced to the left. She wore a slave cap on her head and was adorned with a crown comprised of cotton and wheat. She also wore a headband upon which the word “LIBERTY,” was inscribed.
On the upper periphery of the obverse was inscribed “E PLURIBUS UNUM,” and the date that the coin was minted 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 depicted a large American Eagle, facing left, with its wings outstretched and raised upward. Between the wings is the motto “IN GOD WE TRUST.” The eagle was centered within an olive wreath, and it held three arrows in her left talon, and she perches an olive branch with her right talon. On the upper periphery is “UNITED STATES OF AMERICA,” with the denomination “ONE DOLLAR,” at the lower periphery.
This coin was dated 1897, and it was struck by the Philadelphia Mint, so there is no mintmark. The Philadelphia Mint struck a smaller amount of silver dollar coins that year than during most years – 2,822,000.
This coin is graded as MS63 by the Numismatic Guaranty Corporation (NGC), one of the three most popular and desirable grading services in existence.
Simply click the “Add to Cart” button now or call 1-800-880-4653 to speak to one of our highly trained numismatists, who will be happy to assist you.