Description
The 1882 Morgan Silver Dollar with an NGC BU (Brilliant Uncirculated) G.T. Morgan Label refers to a specific certification and grading of this coin by the Numismatic Guaranty Corporation (NGC). Here’s what this means:
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1882 Morgan Silver Dollar: This coin was minted in 1882 and features the design by George T. Morgan, which includes the iconic Lady Liberty on the obverse and an eagle on the reverse. The coin is made of 90% silver and 10% copper, weighing approximately 26.73 grams.
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NGC: The Numismatic Guaranty Corporation is one of the leading third-party coin grading services. They encapsulate coins in tamper-evident holders (slabs) after grading them, providing authenticity and a grade.
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BU (Brilliant Uncirculated): This grade indicates that the coin is in uncirculated condition, meaning it has never been used in commerce. A BU coin will show no wear, maintaining the original mint luster, although it might have minor imperfections like bag marks or contact marks from handling before encapsulation.
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G.T. Morgan Label: This label is likely a special designation or label by NGC to honor George T. Morgan, the designer of the coin. Special labels often commemorate significant events, anniversaries, or figures related to the coin’s history, adding a collectible value beyond the coin’s grade.
Value and Collectibility:
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Market Value: The value of an 1882 Morgan Silver Dollar in BU condition, especially with a special label like G.T. Morgan, can significantly exceed its silver melt value due to its collectibility. While exact prices fluctuate with market conditions, rarity, and demand, such a coin might be valued in the hundreds or even thousands of dollars, especially if it’s from a scarcer mint (like Carson City, marked “CC”) or if it’s in a high grade.
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Investment and Collectibility: For collectors, this coin represents not just an investment in silver but also in numismatic history. The NGC certification adds to its authenticity and marketability. Collectors might be interested in this coin for its condition, the historical significance of the 1882 date, or the special G.T. Morgan label which might be part of a limited run or special release.
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Current Sentiment: Based on general interest on platforms like X (formerly Twitter), there’s a continuous fascination with Morgan Silver Dollars, especially those certified in high grades or with special labels. Discussions often revolve around their historical context, investment potential, and the thrill of owning a piece of American history in mint condition.
In summary, an 1882 Morgan Silver Dollar NGC BU G.T. Morgan Label is not just a coin but a piece of numismatic art, certified for its quality and condition, which adds both intrinsic and collectible value. Its appeal lies in its historical significance, the quality of preservation, and the special recognition given by NGC, making it a prized item for both investors and collectors.