1897 MORGAN SILVER DOLLAR NGC BU G.T. MORGAN LABEL

Description

1897 Morgan Silver Dollar NGC BU G.T. Morgan Label

The 1897 Morgan Silver Dollar is a classic American coin, part of the Morgan Dollar series, which carries historical significance and appeals to both collectors and investors. This summary highlights its key attributes, including design features, minting details, grading, and the distinctive G.T. Morgan label.

Design and Minting

• Obverse: Features Lady Liberty’s profile, crowned with a Phrygian cap, symbolizing freedom and democracy. The inscription “Liberty” is emblazoned on the headband. Around Liberty are thirteen stars, representing the original thirteen colonies, along with the minting year, 1897.
• Reverse: Displays a regal bald eagle with outstretched wings, clutching arrows and an olive branch, signifying strength and peace. The motto “In God We Trust” is above the eagle, while “United States of America” and “One Dollar” encircle the design.
• Designer: George T. Morgan, the renowned British engraver, designed this series. His initial “M” appears on both sides of the coin.

Mint Location and Mark

• Philadelphia Mint (no mark): The absence of a mint mark signifies that the 1897 Morgan Silver Dollar was minted in Philadelphia, the original U.S. Mint and the source of many Morgan Dollars.

Grading and Label

• NGC BU: This Brilliant Uncirculated grading from NGC (Numismatic Guaranty Corporation) indicates that the coin retains its original luster and has not been in circulation. It represents a high-quality condition.
• G.T. Morgan Label: This special label commemorates George T. Morgan, emphasizing the artistic and historical value of his design.

Historical Context

• Morgan Dollar Series: The Morgan Dollar, minted between 1878 and 1904, and again in 1921, is emblematic of the American Wild West and the country’s burgeoning silver mining industry.
• Philadelphia Mint: The Philadelphia Mint, established in 1792, is the oldest U.S. Mint and holds a significant place in American numismatic history. Coins produced here carry a unique legacy.

Collector and Investment Considerations

• Collector Appeal: The 1897 Morgan Silver Dollar, with its Brilliant Uncirculated condition and special G.T. Morgan label, is a highly desirable coin for collectors. Its pristine condition and Philadelphia mint origin add to its allure.
• Investment Potential: High-grade silver coins, especially those with unique labels or from specific mints, can be valuable investment pieces. The combination of BU condition and the historical significance of this coin can contribute to its investment appeal.
• Storage and Preservation: To maintain its quality and value, proper storage is crucial. Keeping it in a protective holder, ideally the one provided by NGC, ensures the coin remains in excellent condition.

The 1897 Morgan Silver Dollar NGC BU G.T. Morgan Label is a notable coin with a rich history. Its Brilliant Uncirculated grading and special label, combined with its Philadelphia Mint origin, make it a valued addition to any collection or investment portfolio.