1899-O Morgan $1 NGC MS65

The Coinage Act of 1878 re-established the silver dollar coin that had been eliminated by the Coinage Act of 1873. This new Coinage Act, occurring five years later, was sponsored by farmers, merchants, and western mining interests who desperately wanted the silver dollar coin back in circulation.
The Bland-Allison Coinage Act of 1878 passed Congress and was signed into law. This important act created a new silver dollar coin. But more importantly, it required the Secretary of the US Treasury to purchase $2 million dollars monthly of newly mined silver from western silver mines.
George T. Morgan, the Assistant Engraver at the US Mint, who had emigrated to the United States from England, created the design that was selected. He depicted the profile of an allegorical representation of Miss Liberty, facing to the left. She appears older than on previous coins and she is wearing a Phrygian, or slave cap on her head. There is a crown, comprised of cotton and wheat, over her cap. Additionally, there is a headband with the word “LIBERTY,” inscribed on it.
The upper periphery of the coin’s obverse displays 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.
The reverse depicts an American Bald Eagle, located inside of an olive wreath. This American Eagle holds arrows in her 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 was struck in 1899, and it was struck at the New Orleans Mint. There is an “O” mintmark present, below the eagle. The New Orleans Mint struck a large number of coins that year - 12,290,000 silver dollar coins in total.
This coin is graded as MS65 by the Numismatic Guaranty Corporation (NGC), one of the three most popular and desirable grading services in existence. Coins graded as “MS65” or higher are considered as investment quality coins.
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