Specifications: Diameter 38.1mm, Weight 26.73g, (.900) Silver & Mintage 8,693,556

UNITED STATES OF AMERICA (1878-1904 /1921) George T. Morgan a former pupil of William Wyon was the designer of the Silver Morgan Dollar. His initial 'M' is found at the truncation of the neck, and it also appears on the reverse on the left-hand loop of the ribbon. The continuation of the Silver Dollar was authorised by the Bland-Allison Act on the 28th February 1878. The production conformed to the Act of January 18, 1837 and saw the wight 412-1/2 grains and fineness .900. The first Morgan dollar strike was produced at the Philadelphia Mint, but interestingly not until a week after the passage of the Act. The first acceptable strike, after adjustments were made to the press were coined at 3.17pm on the 11th March. Obverse: Liberty head facing left, date below, legend E. PLURIEUS. UNUM translated 'out of many, one' : motto of the U.S., appearing on most U.S. currency and on the Great Seal of the United States. There are 13 stars below Liberty's head 7 to the left of the date and 6 to the right. The dollar designer's initial, a single M, is at the base of Liberty's neck. The Reverse: Bald eagle with wings spread, above 'IN GOD WE TRUST', legend: UNITED STATES OF AMERICA ONE DOLLAR. The eagle clenching an olive branch and 3 arrows symbolises peace and readiness for war. Beneath the eagle a laurel wreath and a 'M' for the designer. NB Please check lot 1 about reserves.

Graded by PCGS MS63 - Early Blue Label

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