1897 Morgan Dollar MS62 PCGS
Exploring the 1897 Morgan Dollar MS62 PCGS
The 1897 Morgan Dollar, graded MS62 by the Professional Coin Grading Service (PCGS), holds a special place in the hearts of coin collectors and numismatists alike. This silver dollar, a classic piece of American coinage, belongs to the Morgan Dollar series, which was minted from 1878 to 1904, and then again in 1921. Named after its designer, George T. Morgan, the coin features a portrait of Liberty on the obverse and an eagle with outstretched wings on the reverse.
Historical Significance
The late 19th century was a period of significant change and growth for the United States, and the Morgan Dollar represents this era. Minted in 1897, this specific coin was produced during a time of economic fluctuation following the Panic of 1893. The silver dollar embodied both the nation’s wealth in precious metals and its aspirations for economic stability. As such, holding a Morgan Dollar from this period is akin to owning a piece of history.
Grading and Preservation
An MS62 grade from PCGS indicates that the 1897 Morgan Dollar has been preserved in near-mint condition, with only minor imperfections. The MS, or Mint State, grading scale ranges from 60 to 70, with higher numbers indicating fewer blemishes and greater overall quality. A coin graded MS62 exhibits a good strike, full mint luster, and some contact marks that slightly affect its overall appeal but do not detract from its inherent value and beauty.
Collectibility and Value
The collectibility of the 1897 Morgan Dollar in MS62 condition is influenced by several factors. First, its mintage numbers and survival rates play a crucial role. With around 2.8 million coins minted that year, the 1897 Morgan Dollar is relatively scarce, particularly in higher grades. Second, the eye appeal, which considers the coin’s luster, color, and overall attractiveness, impacts its desirability among collectors. Finally, market trends and historical significance also contribute to its value.
Though an MS62 grade may not represent the pinnacle of perfection, these coins remain highly sought after, often fetching considerable prices at auctions and in private sales. Their relatively affordable price point compared to higher-graded coins makes them an accessible choice for both novice and seasoned collectors.
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