# 677 - 1896 Morgan Dollar

in SteemLeo6 years ago

Today we will continue a long series showing unslabbed Morgan Dollars.

This series is dedicated to my #ssg-community friend @silverd510, a real expert in this field.

PCGS, the first coin grading and authentication service, started slabbing coins in 1986.

Those coins were bought since the late seventies to the late eighties, and the dealers attributed the grades to them.

I bought them from three big and highly regarded dealers at the time. Unfortunately they do not exist any more. Things change in forty years...

These dealers were very strict when grading, so if I send these coins to be graded and slabbed maybe I will receive higher grades. Who knows...

I will show them in the order they were minted.

This is the MS-60 1896 Morgan Dollar. It was bought at NERCA (New England Rare Coins Auctions).

It weights 26.73g with 90% silver purity.

9,976,000 units were minted in Philadelphia in 1896.

From the NGC site: https://www.ngccoin.com/coin-explorer/morgan-dollars-1878-1921-pscid-49/1896-1-ms-coinid-17240

“With a mintage approaching ten million pieces, the 1896 Morgan dollar is one of the most commonly encountered dates today. Many survived even in high grade. In fact, NGC has graded nearly 6,000 in gem alone!”

Just to have an idea of rarity about this coin's grade, from a total of 62,072 1896 coins, NGC graded 162 as MS-60, with 61,004 graded higher, until today (01/11/2020).

The NGC MS-60 price is around $55.00.

The reverse depicts an eagle with wings outstretched. The mint mark always appears on the reverse above the "o" in "Dollar", except those minted in Philadelphia, that have no mint mark.

20191216_190601.jpg

The obverse depicts a profile portrait representing Liberty.

20191216_190629.jpg

Thank you for reading. Please comment, upvote, resteem and advise me.

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This post has received a 58 % upvote from @sleepagent.

Another classic piece Ron.👍


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You got a 100.00% upvote from @minnowvotes courtesy of @ronaldoavelino!

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I looked for Morgans in my last local show but the Dealers I found were selling them for Numismatic value, way too much for VF+ grade and less.
If I were paying for Nummies, I'd stick to BUs.
Still adding to my US Stack when I can.

The 1896 Morgan may be a common date, but still a beautiful classic coin!🤗


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