1894-O Morgan Dollar AU55 PCGS
Exploring the 1894-O Morgan Dollar AU55 PCGS
The Morgan Dollar, struck from 1878 to 1904 and again in 1921, remains one of the most iconic and widely collected American coins. Among the various issues, the 1894-O Morgan Dollar, graded AU55 by the Professional Coin Grading Service (PCGS), holds a particular allure for numismatists and investors alike.
Historical Significance
Minted at the New Orleans Mint, the 1894-O Morgan Dollar represents a crucial period in American economic history. During the latter half of the 19th century, the United States was transitioning from the Civil War’s aftermath into the Gilded Age, a time of rapid economic growth and industrialization. The Morgan Dollar series itself was born out of the Bland-Allison Act of 1878, which required the Treasury to purchase large quantities of silver to be minted into silver dollars, partially to support the struggling silver mining industry.
Rarity and Grade
The 1894-O Morgan Dollar is notably rare in higher grades. Many of the coins minted that year suffered from weak strikes and poor handling, resulting in fewer well-preserved specimens. An AU55 grade from PCGS denotes that the coin retains most of its original mint luster, albeit with some light wear on the high points. This grade strikes a balance between quality and affordability, making it an attractive option for collectors aiming to build a high-grade set.
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