1903 MORGAN SILVER DOLLAR NGC BU G.T. MORGAN LABEL

Description

1903 Morgan Silver Dollar NGC BU G.T. Morgan Label

The 1903 Morgan Silver Dollar is part of the iconic Morgan Dollar series, designed by George T. Morgan. This series, minted from 1878 to 1904 and then in 1921, holds a significant place in American numismatic history. Here’s an overview of the coin and its special designation.

Design Features

• Obverse: The obverse of the Morgan Dollar features a portrait of Lady Liberty wearing a Phrygian cap inscribed with “Liberty.” The design includes surrounding stars and the date “1903.”
• Reverse: The reverse depicts a bald eagle with outstretched wings, clutching arrows and an olive branch, symbols of military strength and peace, respectively. The inscriptions “United States of America,” “One Dollar,” and “In God We Trust” are also present.

Mint Locations and Marks

• 1903 Mint Marks: The 1903 Morgan Silver Dollar was produced at three mints: Philadelphia (no mint mark), New Orleans (“O”), and San Francisco (“S”). Each mint mark appears on the reverse, below the wreath.
• New Orleans Mint: The “O” mint mark indicates the coin was produced in New Orleans. Coins from this mint are often sought after by collectors due to the history of the New Orleans Mint.

Grading and Label

• NGC BU: The “BU” (Brilliant Uncirculated) grade by the Numismatic Guaranty Corporation (NGC) indicates that the coin has not been circulated and retains its original luster. This grading suggests the coin is in excellent condition.
• G.T. Morgan Label: The G.T. Morgan label, named after the coin’s designer George T. Morgan, is a special designation that adds collector appeal. It highlights the artistic craftsmanship of the Morgan Dollar series.

Collector and Investment Considerations

• Collectible Value: The 1903 Morgan Silver Dollar is collectible due to its historical significance and Brilliant Uncirculated grade. The G.T. Morgan label adds uniqueness, appealing to those interested in the history of the coin’s design.
• Investment Potential: Given its silver content and collector demand, the 1903 Morgan Silver Dollar has investment potential. High-grade coins with unique labels like the G.T. Morgan label often carry a premium.
• Storage and Preservation: To maintain the coin’s condition, proper storage is essential. Using protective holders or cases can prevent damage or tarnishing.

Historical Context

• Morgan Dollar Series: The Morgan Dollar series is named after George T. Morgan, the British-born engraver who designed the coin. It represents a significant period in American coinage, capturing the spirit of the late 19th and early 20th centuries.
• Legacy of the New Orleans Mint: The New Orleans Mint, where this coin was produced, has its own unique history, contributing to the desirability of coins with the “O” mint mark.

In summary, the 1903 Morgan Silver Dollar NGC BU G.T. Morgan Label is a valuable coin for collectors and investors, blending historical significance with aesthetic appeal. The Brilliant Uncirculated grade and the special G.T. Morgan label add to its attractiveness, making it a noteworthy addition to any coin collection.