1897-O Morgan Silver Dollar - NGC VG10
1897-O Morgan Silver Dollar - NGC VG10
This 1897-O Morgan Silver Dollar, graded VG10 by NGC, is a highly collectible coin from the New Orleans Mint. The VG10 grade indicates clear, moderate wear, but major design elements remain discernible, offering a balance between affordability and historical significance for collectors.
Obverse: The obverse features the classic left-facing profile of Liberty, designed by George T. Morgan. Liberty is adorned with a Phrygian cap, symbolizing freedom, and a crown made of agricultural products, representing unity and prosperity. "E PLURIBUS UNUM" arcs above her head, while the date, 1897, is centered at the bottom. Even in this well-worn grade, details of Liberty’s face, hair, and crown are visible, though worn, giving the coin character and history.
Reverse: The reverse showcases a bald eagle with wings spread, clutching arrows and an olive branch, symbolizing preparedness for war and a desire for peace. Surrounding the eagle are the words "UNITED STATES OF AMERICA" and the denomination "ONE DOLLAR." The "O" mintmark, located beneath the wreath, signifies that the coin was struck at the New Orleans Mint.
Certification & Grade: NGC has graded this coin VG10, signifying a coin with clear wear on both sides, but the major features and design elements are still easily recognizable. This grade provides a great entry point for collectors seeking a piece of the Morgan Dollar series without the higher price tag of Mint State coins.
Historical Significance: The 1897-O Morgan Dollar is a sought-after coin due to its limited mintage of just 4,004,000 coins. The New Orleans Mint is notable for its production of Morgan Dollars, and coins from this mint are particularly prized for their history. The Morgan Dollar series itself is iconic, representing the industrial expansion of the U.S. in the late 19th century.
Key Features:
- Year: 1897
- Mint: New Orleans (O)
- Grade: NGC VG10
- Composition: 90% Silver, 10% Copper
- Diameter: 38.1 mm
- Weight: 26.73 grams
- Mintage: 4,004,000
This 1897-O Morgan Silver Dollar is a historically significant piece of American coinage and a worthy addition to any collection. Its combination of age, mintmark, and design make it a unique opportunity for collectors.