Originally intended to be the cornerstone of the American monetary system, the silver dollar nevertheless suffered from periodic interruptions in production and sporadic circulation for much of the 19th century. The Bland-Allison Act of 1878 aimed to address this by requiring the Treasury to purchase and coin a specific amount of silver each month, and the US Mint produced the iconic design that would become known as the Morgan silver dollar — after the engraver, George T. Morgan — to satisfy this new demand. Morgan dollars were first minted between 1878 and 1904 and became the single most famous series in all of numismatics, popular with collectors for their size, their beauty, and their robust availability in high mintages. JM Bullion now offers the 1898 Morgan Silver Dollar Coin for online purchase.
Coin Highlights:
- Delivered in a secure plastic container with a label showing its certified NGC grade of Mint State 64!
- Struck at the Philadelphia Mint in 1898!
- Comprised of 90% silver and 10% copper, and contains 0.7734 Troy oz of Silver.
- Face value of $1 issued by the United States government.
- Obverse features Lady Liberty.
- Reverse features a heraldic eagle.
Almost 6 million silver dollar coins were struck at the Philadelphia Mint in 1898, but for some decades it remained one of the rarities among the Morgans. Today, though, it is one of the most common mint state dates for these classic coins on the modern market, thanks to the discovery and release of significant coin hoards in the 1950s and the 1960s.
The 1898 Morgan Silver Dollar Coin ships in a secure plastic container, labeled to indicate a Mint State grade of 64. Certified by the Numismatic Guaranty Company (NGC), this grade identifies a coin with attractive overall eye appeal, an average luster and strike, and the presence of scattered contact marks, hairline scratches, and scuffs that might appear in prime focal areas. Shipments are fully insured against loss or damage.
Lady Liberty in a profile effigy appears on the obverse field, wearing a Phrygian cap that symbolizes freedom. She is accompanied by the lettering “E PLURIBUS UNUM” and “1898,” with thirteen decorative stars at the rim.
The reverse field features a heraldic eagle clasping a bundle of arrows and an olive branch, accompanied by the inscriptions “UNITED STATES OF AMERICA,” “ONE DOLLAR,” and “IN GOD WE TRUST.”
The team at JM Bullion is happy to answer your questions about any of our listings. Call us today at 800-276-6508, chat with us live online, or send us an e-mail.