1897 Morgan Dollar MS64 PCGS
Exploring the 1897 Morgan Dollar MS64 PCGS
The 1897 Morgan Dollar, especially in the collectible grade of MS64 as certified by the Professional Coin Grading Service (PCGS), stands as a testament to a pivotal era in American numismatics. Designed by George T. Morgan, this silver dollar is not just a piece of currency, but a slice of history encapsulated in precious metal.
Historical Context
The Morgan Dollar series, minted from 1878 to 1921, was born out of the Bland-Allison Act, which required the U.S. Treasury to purchase large amounts of silver and mint it into coins. The 1897 edition belongs to the latter half of this series, a period characterized by robust economic activity and burgeoning industrial growth in the United States.
Design and Features
The obverse of the 1897 Morgan Dollar features a profile portrait of Lady Liberty, her hair adorned with a Phrygian cap and a crown of cotton and wheat—symbolizing America’s agricultural heritage. The reverse showcases a majestic eagle with outstretched wings, clutching arrows and an olive branch, illustrating the nation’s commitment to both war and peace. These intricate details are magnified and preserved in the MS64 grade, which guarantees only minor imperfections and strong visual appeal.
Significance of the MS64 Grade
In numismatic circles, an 1897 Morgan Dollar graded MS64 by PCGS is highly prized. The MS64 designation signifies that the coin is “Mint State” with minimal signs of wear, retaining at least 75% of its original luster. It’s a well-struck example with bold details, making it a standout piece for collectors. The PCGS seal further assures authenticity and provides a trusted standard of quality.
Collecting and Investing
Owning an 1897 Morgan Dollar MS64 PCGS is an enriching experience for both collectors and investors. Beyond its beauty and historical significance, it stands as a valuable asset, often appreciating in worth over time. The steadfast demand for high-grade Morgan Dollars ensures their place in prestigious collections and investment portfolios alike.
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