1887 MORGAN SILVER DOLLAR NGC BU G.T. MORGAN LABEL

Description

The 1887 Morgan Silver Dollar, encapsulated and graded by NGC as Brilliant Uncirculated (BU) and featuring the G.T. Morgan Label, is a notable piece of American numismatic history. Here’s an overview of this iconic coin:

Date and Mint Mark:

• The coin was struck in 1887 at various U.S. Mint facilities, including Philadelphia (no mint mark), New Orleans (O mint mark), and San Francisco (S mint mark). The presence or absence of a mint mark affects the coin’s rarity and value.

Design:

• The obverse of the coin features the classic Liberty Head design by George T. Morgan, showcasing a left-facing portrait of Lady Liberty wearing a Phrygian cap, symbolizing freedom and the pursuit of liberty. Encircling her portrait are the words “E PLURIBUS UNUM” and the year of mintage, “1887.”
• On the reverse side is a majestic eagle with outstretched wings, clutching arrows and an olive branch, representing America’s preparedness for war and desire for peace, respectively. Above the eagle’s head is the motto “IN GOD WE TRUST,” while the inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR” encircle 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 one of the most reputable third-party coin grading services, providing expert authentication and grading.
• 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 often appeal to collectors who appreciate the historical significance of Morgan’s contributions to American coinage.

Numismatic Value:

• The 1887 Morgan Silver Dollar is part of the iconic Morgan Dollar series, which is widely collected by numismatists and silver enthusiasts alike. Its age, historical significance, and association with the Wild West era make it particularly desirable among collectors.
• The NGC BU designation adds credibility to the coin’s condition, enhancing its appeal to collectors who seek high-quality examples of the Morgan Dollar.

Investment Potential:

• Beyond its numismatic value, the 1887 Morgan Silver Dollar also carries intrinsic value due to its silver content. As one of the most recognizable and beloved coins in American numismatics, it has the potential to appreciate in value over time, especially during periods of increased demand for silver coins.

Overall Significance:

• The 1887 Morgan Silver Dollar represents an important era in American history and numismatics. Its elegant design, historical context, and NGC certification with the G.T. Morgan Label make it a noteworthy addition to any collection or investment portfolio.

Owning an 1887 Morgan Silver Dollar NGC BU with G.T. Morgan Label allows collectors to appreciate the beauty of its design, the legacy of its designer, and the enduring appeal of silver coinage from the late 19th century.