This coin is in MS63 condition. It was slabbed by PCGS… the slab is a bit scratched up, but it took the scratches so the coin wouldn’t.
The Morgan Dollar is one of the most widely collected coins in the world – it was minted from 1878 to 1921 and represented a fairly large amount of money when it was in circulation (but not so much that it was out of reach of common laborers or collectors). The obverse shows Liberty facing to the left, with the legend “E Pluribus Unum” from 7:00 to 3:00. The date is at 6:00, and there are 13 six-sided stars also around the rim – 7 to the left of the date, 6 to the right. It is named the Morgan Dollar after its engraver: George T. Morgan (his initial “M” is visible at liberties neckline).
The reverse shows an eagle perched above a wreath, with wings thrust upward at 45 degree angles. The legend around the rim from 8:00 to 4:00 reads “United States of America” and “One Dollar” from 7:00 to 5:00. The motto “In god we trust” is placed above the eagle, and the mint mark is at 6:00 under the wreath (if present – Morgan Dollars struck in Philadelphia have no mint mark). The eagle holds arrows and an olive branch in its talons – representing the potential for both war and peace.
Mint Mark: n/a (Philadelphia)
Mintage: 19,963,000, not counting the 886 proofs (63.5281% of the 31,423,886 minted at various mints that year)
Country of origin: United States
Composition: 90% silver, 10% copper
Size: 38.1 mm
Weight: 26.73 grams (0.77344 oz ASW)
Other details: I won this coin in a raffle from the Dallas Coin Club. Not bad for $20, is it?
There are several varieties of this coin that have a nice collectible premium. For example, there’s the VAM-21 with a neat little die glitch on the designer’s initial on Liberty’s neck.
Estimated Value: $50-60