The 1881-S Morgan Silver Dollar, graded and encapsulated by NGC as Brilliant Uncirculated (BU) and featuring the G.T. Morgan Label, holds significant historical and numismatic value. Here’s an overview of this iconic coin:
Date and Mint Mark:
- The coin was minted in 1881 at the San Francisco Mint, as indicated by the “S” mint mark on the reverse side. San Francisco was one of the major minting facilities during the late 19th century, striking millions of Morgan Silver Dollars to meet the demand for silver coinage in the booming American economy.
Design:
- Designed by George T. Morgan, the obverse of the coin features a left-facing portrait of Lady Liberty, wearing a Phrygian cap symbolizing freedom. She is encircled by the words “E PLURIBUS UNUM” and the year of mintage, “1881.”
- The reverse side of the coin depicts a heraldic eagle with outstretched wings, holding arrows and an olive branch, symbolizing America’s military preparedness and desire for peace. Above the eagle is the motto “IN GOD WE TRUST,” while the inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR” surround the eagle.
NGC Grading and G.T. Morgan Label:
- The coin has been professionally graded by the Numismatic Guaranty Corporation (NGC) as Brilliant Uncirculated (BU), indicating that it retains its original mint luster and has no signs of wear. NGC is renowned for its rigorous grading standards and expertise in authenticating coins.
- The G.T. Morgan Label is a special designation by NGC to honor George T. Morgan, the designer of the Morgan Silver Dollar. Coins encapsulated with this label pay homage to Morgan’s significant contributions to American numismatics.
Numismatic Value:
- The 1881-S Morgan Silver Dollar is highly sought after by collectors due to its historical significance and association with the Wild West era. As a product of the famous San Francisco Mint, it holds particular appeal to numismatists interested in regional coinage.
- NGC’s BU designation adds credibility to the coin’s condition, making it desirable to collectors who seek high-quality examples of the Morgan Dollar series.
Investment Potential:
- Beyond its numismatic value, the 1881-S Morgan Silver Dollar also contains intrinsic value due to its silver content. As one of the most iconic and widely collected coins in American history, it has the potential to appreciate in value over time, especially during periods of increased demand for silver coins.
Overall Significance:
- The 1881-S Morgan Silver Dollar represents an important chapter in American coinage and the nation’s westward expansion. Its elegant design, historical context, and NGC certification with the G.T. Morgan Label make it a cherished piece of Americana, sought after by collectors and investors alike.
Owning an 1881-S Morgan Silver Dollar NGC BU with G.T. Morgan Label allows enthusiasts to appreciate not only the coin’s beauty and historical significance but also the legacy of its designer and the rich numismatic heritage of the United States.
