1891 MORGAN SILVER DOLLAR NGC BU G.T. MORGAN LABEL

Description

1891 Morgan Silver Dollar NGC BU G.T. Morgan Label

The 1891 Morgan Silver Dollar is a significant coin from the renowned Morgan Dollar series. This specific coin, graded as Brilliant Uncirculated (BU) by NGC, features a G.T. Morgan label, highlighting the designer, George T. Morgan. Here’s an in-depth look at the coin’s design, minting details, and its context within American coinage history.

Design and Minting

• Obverse: The obverse design shows Lady Liberty in profile, wearing a Phrygian cap with “Liberty” inscribed on it. The cap represents freedom, and thirteen stars surround Liberty’s head, representing the original thirteen colonies. The year 1891 is prominently displayed at the bottom.
• Reverse: The reverse design features a bald eagle with outstretched wings, holding arrows and an olive branch. The inscriptions “United States of America” and “One Dollar” encircle the eagle, with the motto “In God We Trust” placed above it.
• Designer: The coin was designed by George T. Morgan, a British engraver who moved to the United States to work for the U.S. Mint. His initials “M” appear on both sides of the coin, subtly integrated into the design.

Mint Location and Mark

• Multiple Mint Locations: The 1891 Morgan Silver Dollar was produced at various U.S. Mint locations, including Philadelphia, New Orleans, and San Francisco. Each mint location has a unique mint mark, with “P” for Philadelphia, “O” for New Orleans, and “S” for San Francisco.
• Mint Marks: The mint mark, indicating where the coin was struck, is located below the wreath on the reverse side. This specific detail is crucial for collectors and can affect the coin’s rarity and value.

Grading and Label

• NGC BU (Brilliant Uncirculated): The Brilliant Uncirculated grading by NGC indicates that the coin has not been in circulation and retains its original mint luster. This high grade adds to the coin’s appeal for collectors and investors.
• G.T. Morgan Label: The label honors George T. Morgan, the designer of the coin, and highlights the artistic elements of the Morgan Dollar series. It adds a touch of uniqueness to the grading slab, enhancing the coin’s desirability.

Historical Context

• Morgan Dollar Series: The Morgan Dollar, minted from 1878 to 1904 and again in 1921, is one of the most iconic and collected series in American numismatics. It reflects a period of significant change in the United States, marked by the expansion into the western territories and the exploitation of the country’s silver resources.
• Minting Conditions: The 1891 Morgan Silver Dollar was produced during a time of fluctuating silver prices and economic shifts. These factors influenced the production and circulation of Morgan Dollars, impacting their availability and collector interest.

Collector and Investment Considerations

• Collector Appeal: The 1891 Morgan Silver Dollar, especially in Brilliant Uncirculated condition, is a sought-after coin for collectors. The G.T. Morgan label adds to its uniqueness, making it a valuable addition to a Morgan Dollar collection.
• Investment Potential: Coins from this period, particularly those with high-grade certifications, hold investment potential due to their historical significance and collectability. The NGC BU grading enhances the coin’s market value.
• Preservation and Storage: Proper storage and handling are crucial to maintain the coin’s condition and value. The NGC holder provides protection, ensuring the coin’s long-term preservation.

The 1891 Morgan Silver Dollar NGC BU G.T. Morgan Label represents a blend of historical significance, artistic craftsmanship, and collector appeal. Its high-grade condition and special label make it a prized possession for numismatists and investors alike.