The “Morgan dollar” silver coin is one of the famous series of collectibles in numismatics, a truly historic and classic coin identified with a critical period in American history. Originally produced between 1878 and 1904, these coins were struck in large-scale mintages whose purpose was to provide for a stable supply of silver dollars to an expanding American monetary system, particularly as settlement and development were taking off on the frontier of the so-called “Wild West.” Modern collectors prize it for its extraordinary size, silver contents, classic visual design, and robust availability in high grades. Some years are more abundant than others, and one of the rarer years at one point was the 1897 Morgan from the Philadelphia Mint, until a previously-lost supply was discovered in the 1960s. From that supply comes the 1897 Morgan Dollar Silver Coin, currently available from Provident Metals.

Highlights:

• Arrives in a secure plastic container with a label confirming its NGC-certified grade of MS/64!
• Struck at the Philadelphia Mint in 1897!
• Each coin contains 0.7734 Troy oz of Silver, and is comprised of 90% silver and 10% copper.
• Carries a face value of one dollar backed by the United States government.
• Obverse features Lady Liberty.
• Reverse features a heraldic eagle.

The 1897 Morgan Dollar Silver Coin comes in a tamper-proof plastic container, labeled to confirm its grade of Mint State 64 as certified by the Numismatic Guaranty Company (NGC). The coin has an average strike and luster and attractive eye appeal, with scattered contact marks and hairline scratches that may appear in prime focal areas. Provident Metals fully insures each shipment against mishaps in transit.

Obverse

The obverse side shows Lady Liberty wearing a Phrygian cap, along with the lettering “E PLURIBUS UNUM” and “1897.” There are thirteen decorative stars at the rim.

Reverse

Holding a bundle of arrows and an olive branch, a heraldic eagle appears on the reverse, along with the lettering “UNITED STATES OF AMERICA,” “ONE DOLLAR,” and “IN GOD WE TRUST.”

History

The silver dollar was meant to be the cornerstone of the American monetary system, but suffered from sporadic circulation and interruptions in production the years prior to 1878. The Bland-Allison Act of that year, responding in part to pressure from the silver industry, required the US Treasury to mint specific quantities of silver into coinage on a monthly basis, and the design the Treasury used to meet that demand came from Assistant Engraver George T. Morgan. Uncirculated specimens of the coins that bore his name have been preserved in extraordinary numbers considering that they were minted well over a hundred years ago.

Ordering

Contact Provident Metals for more information about any of the items we offer. You can call us at 800-313-3315, send your inquiries to our e-mail address, or chat with us live online.