1896 MORGAN SILVER DOLLAR NGC BU G.T. MORGAN LABEL

Description

The 1896 Morgan Silver Dollar is a notable coin in American numismatics, particularly when encapsulated and graded by NGC as Brilliant Uncirculated (BU) with the G.T. Morgan label. Here’s a detailed description of this coin:

Date and Mint Mark:

• The coin was minted in 1896, during the heyday of the Morgan Silver Dollar series.
• The mint mark, if present, would be located on the reverse (back) side of the coin, above the “DO” in “DOLLAR.” However, Morgan Dollars from this year were only minted in Philadelphia, so they do not bear a mint mark.

NGC BU Grade:

• The coin has been graded as Brilliant Uncirculated (BU) by the Numismatic Guaranty Corporation (NGC). This grade indicates that the coin has never been circulated and retains its original mint luster and detail.

G.T. Morgan Label:

• The G.T. Morgan label signifies that the coin has been encapsulated and graded by NGC and is accompanied by a label featuring the name of the coin’s designer, George T. Morgan. Morgan was the talented artist responsible for creating the iconic design of the Morgan Silver Dollar, which features Lady Liberty on the obverse (front) and an eagle with outstretched wings on the reverse.

Design:

• The obverse of the coin features a left-facing portrait of Lady Liberty, wearing a Phrygian cap, symbolizing freedom and liberty. The word “LIBERTY” is inscribed above her head, while the year of mintage, “1896,” is displayed below.
• The reverse features an eagle with outstretched wings, clutching arrows and an olive branch in its talons, symbolizing strength and peace, respectively. The eagle is surrounded by a wreath, and the words “UNITED STATES OF AMERICA” and “ONE DOLLAR” are inscribed.

Silver Content:

• The coin contains 90% silver and 10% copper, with a total silver weight of 0.77344 troy ounces.

Historical Significance:

• The 1896 Morgan Silver Dollar holds historical significance as part of the iconic Morgan Dollar series, which played a crucial role in the economy of the late 19th and early 20th centuries.

Collector and Investment Appeal:

• Morgan Silver Dollars are highly collectible and sought after by both numismatists and investors due to their historical significance, classic design, and intrinsic silver content.

Availability:

• While 1896 Morgan Silver Dollars are relatively common compared to certain other dates, examples graded as BU by reputable grading services like NGC, especially with the G.T. Morgan label, are highly desirable among collectors and investors.

The 1896 Morgan Silver Dollar NGC BU with G.T. Morgan Label represents a piece of American history and is a prized addition to any numismatic collection.