1896 Morgan Dollar AU58 PCGS
Exploring the 1896 Morgan Dollar AU58 PCGS
The 1896 Morgan Dollar, graded AU58 by the Professional Coin Grading Service (PCGS), stands as a remarkable pieces of numismatic history. Struck in the twilight of the 19th century, the Morgan Dollar is a testament to the rich heritage and intricate artistry of American coinage. The “AU58” grade denotes “About Uncirculated,” signalling that the coin has seen minimal circulation and retains most of its original luster and detail, albeit with slight wear on the highest points.
Historical Context
Minted from 1878 to 1904, and then again in 1921, the Morgan Dollar was named after its designer, George T. Morgan. The coins were struck at several mints across the United States, including Philadelphia, New Orleans, San Francisco, and Carson City. The 1896 Morgan Dollar, specifically, was produced at the Philadelphia Mint, the epicenter of American coin production at the time.
Design and Symbolism
The obverse of the 1896 Morgan Dollar features the profile of Lady Liberty, symbolizing freedom and democracy, adorned with a Phrygian cap and a laurel wreath. The reverse showcases a majestic eagle clutching arrows and an olive branch, symbolizing America’s readiness for both war and peace.
Market Value and Collectibility
The AU58 grade makes this coin highly desirable among collectors, balancing near-perfect condition with a relatively accessible price point. Coins in this grade show only slight friction on the highest surfaces, preserving much of the coin’s original detail and appeal. The value of an 1896 Morgan Dollar AU58 PCGS can vary based on market demand, historical significance, and the coin’s eye appeal, often fetching hundreds of dollars at auctions and numismatic sales.
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