1902-O Morgan $1 PCGS MS64

The Bland-Allison Coinage Act of 1878 was passed and became law and that meant that the silver dollar coin, which had been eliminated in 1873, was now reestablished, and it would be struck. This Act also mandated that the Secretary of the Treasury was required to purchase $2 million dollars of newly mined silver from Western mining interests every month.
Now, new coin designs for the obverse and reverse needed to be created and they were created by George T. Morgan, who served as the Assistant Chief Engraver of the United States Mint.
Morgan’s obverse design displayed a portrait of Miss Liberty, facing to the left. She wore a 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 large 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 1902 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 8,636,000 silver dollar coins during 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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