1882 $1 U.S. SILVER MORGAN NGC MS63
$113.40
SILVER DOLLARS
Description
1882 $1 U.S. Silver Morgan Dollar NGC MS63:
Design:
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Obverse: Features a left-facing profile of Lady Liberty, designed by George T. Morgan. She wears a Phrygian cap encircled by “E PLURIBUS UNUM”, with the date “1882” below and 13 stars around, symbolizing the original 13 colonies.
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Reverse: Shows an eagle with wings spread, clutching an olive branch and arrows, symbolizing peace and readiness for defense. Above the eagle is “IN GOD WE TRUST”, with “UNITED STATES OF AMERICA” and “ONE DOLLAR” around it. No mint mark indicates this coin was struck at the Philadelphia Mint.
Specifications:
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Mint: Philadelphia Mint (no mint mark).
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Mintage: In 1882, the Philadelphia Mint produced around 11,100,000 Morgan Dollars, making this year relatively common within the series but still collectible.
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Material: 90% silver, 10% copper, with a weight of 26.73 grams and a diameter of 38.1 mm.
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Condition: Certified by the Numismatic Guaranty Corporation (NGC) as MS63 (Mint State 63), which means the coin is uncirculated with average eye appeal for its grade. It might have some contact marks or hairlines, but they don’t significantly detract from its overall luster.
Grading Details:
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MS63: This grade indicates a coin with minor contact marks or hairlines visible upon close inspection, but these do not detract much from the coin’s aesthetic. The coin retains a good amount of its original mint luster.
Historical Context:
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The Morgan Dollar series was minted from 1878 to 1904, and again in 1921, named after its designer George T. Morgan. The 1882 issue is part of the series’ early to middle years, reflecting the economic conditions and silver mining boom of the late 19th century.
Packaging:
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Encased in an NGC holder, which not only protects the coin but also authenticates its grade, providing collectors with confidence in the coin’s condition and authenticity.
Value and Collectibility:
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While the 1882 Morgan Dollar from Philadelphia is not the rarest in the series, in MS63 condition, it still holds significant value due to its silver content, the historical significance of the Morgan Dollar series, and the condition it’s preserved in. Collectors often seek these coins to complete sets by date or for the quality of the strike.
Investment Considerations:
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This coin offers a balance between accessibility (due to its relatively high mintage) and collectibility, especially in uncirculated condition. Its value can appreciate over time, particularly if silver prices rise or if there’s increased demand for Morgan Dollars in this grade. However, like all collectibles, the market can be influenced by broader economic conditions, collector trends, and the specific interest in Morgan Dollars.
The 1882 $1 U.S. Silver Morgan Dollar in NGC MS63 condition is a tangible piece of American history, capturing the essence of the late 19th-century silver age in the United States, and it serves as a valuable asset for both collectors and investors interested in numismatics.
Additional information
| weight | 0.77344 oz |
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