1898-O Morgan $1 PCGS MS64

Morgan Silver Dollars are the most collected, vintage, silver coins in the United States. They are large, heavy silver coins that contain .77344 of a Troy Ounce of pure silver. The coins are between 100 and 150 years old and they evoke memories of the Wild West.
For a 5-year period in 1873, no silver dollar coins were minted. The parties behind that legislation were supporters of a Gold Standard. But when the Bland-Allison Act became law in 1878, it reestablished a new silver dollar coin. Additionally, it required the Secretary of US Treasury to purchase $2 million dollars each month of newly-mined silver from American mines.
Now what was needed were new obverse and reverse designs for this new silver dollar coin. George T. Morgan, the Assistant Engraver at the US Mint, created the design for both sides. Morgan depicted a representation of the profile of Miss Liberty, facing left. She is wearing a Phrygian cap on her head. There is a crown atop it made of cotton and wheat. 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 thirteen six-pointed stars spread around the motto.
The reverse depicts an 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 1898 at the New Orleans Mint. This coin bears an “O” mintmark, below the eagle. The New Orleans Mint struck 4,440,000 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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