Pre-1921 Morgan Dollar – NGC MS65

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$151.50

Metal Type: SILVER – No Hedge

Silver Weight: 0.7734 oz

Grade: MS65

Manufacturer: United States Mint

Mint Mark: Various

IRA Eligible: No

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Product Details

In the shadow of America’s Gilded Age, a coin was born that came to define the aspirations and artistry of an era. The Morgan Dollar emerged in 1878, a direct result of the Bland-Allison Act, which mandated the minting of millions of silver dollars. These pieces soon became the silver heartbeat of American commerce, circulating from the bustling banks of New York to the burgeoning towns of the western frontier. Their presence facilitated trade, rewarded miners after the West’s silver boom, and supported the economic ambitions of a rapidly industrializing nation.

The story of the Morgan Dollar is inseparable from the grand currents of late 19th-century America: it witnessed the struggle between agrarian and urban ideals, the expansion of railroads, and the turmoil of economic panics. More than a currency, the Morgan Dollar became a symbol—a bridge between the old world and the modern, its silver echoing the fortunes of prospectors and the dreams of a youthful republic.

At the heart of this numismatic legacy stands the brilliant mind of George T. Morgan, the coin’s eponymous designer. An English immigrant, Morgan infused his work with both classical elegance and American identity. His depiction of Lady Liberty is not the stylized, idealized goddess of earlier coinage but a distinctly American woman, her features modeled after Philadelphia schoolteacher Anna Willess Williams. This choice imbued the coin with a sense of relatable, national pride—Liberty as both an aspiration and an attainable promise.

The reverse, too, is steeped in allegory—a mighty eagle, wings outstretched, clutches arrows and an olive branch, a subtle nod to the nation’s enduring hope for peace, yet readiness for defense. Everywhere, the Morgan Dollar tells a story: of art, of progress, of a country forging its destiny from the resources of its soil and the collective will of its people.

Amidst the panic of 1893 and the seismic economic shifts of the early 20th century, vast quantities of Morgan Dollars were melted down, their silver repurposed for new national needs or shipped overseas. The survivors, especially those preserved in brilliant Mint State, have become living relics—each coin a testament to the endurance of American ideals and the artistry of its minting tradition. For numismatists, securing a pre-1921 Morgan Dollar in MS65, certified by NGC, is to hold in one’s hand a tangible link to the saga of America’s rise.

Design Features

The obverse of the Morgan Dollar is dominated by the stately profile of Lady Liberty, her cap adorned with agricultural motifs—cotton and wheat—celebrating both Northern and Southern economic heritage. Circling the rim, the Latin motto “E PLURIBUS UNUM” (“Out of Many, One”) underscores the nation’s unity within diversity. Each star around the border represents a state in the Union at the time of mintage, while the date anchors the coin in its era of origin.

On the reverse, Morgan’s American eagle stands proudly with wings fully spread. The eagle is encircled by the inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR,” with the phrase “IN GOD WE TRUST” floating above its head. Arrows clutched in one talon speak to resolve, while an olive branch in the other betrays the nation’s longing for peace. Together, the finely detailed feathers, laurel wreath, and bold relief form an iconic tableau of American symbolism.

Product Highlights

  • Metal Type: SILVER – No Hedge
  • Purity: 0.9
  • Weight: 0.7734 oz
  • Grade: MS65
  • Manufacturer: United States Mint
  • Mint Mark: Various
  • Grading Service: NGC
  • IRA Eligible: No
  • Obverse: Portrait of Lady Liberty adorned with wheat and cotton, encircled by stars, the motto “E PLURIBUS UNUM,” and the date of issue.
  • Reverse: Heraldic eagle with outstretched wings, holding arrows and olive branch, the inscriptions “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and “ONE DOLLAR.”

Investment Appeal

The pre-1921 Morgan Dollar in MS65, authenticated by NGC, stands out for its blend of historical gravitas and enduring collectability. Composed of 90% silver and nearly a full ounce in weight, its intrinsic metal value is buttressed by its global recognition and strong numismatic demand. The MS65 grade ensures exceptional eye appeal, with sharp strikes and lustrous fields that set it apart from circulated examples.

As one of the most recognized and traded silver coins worldwide, the Morgan Dollar’s liquidity is unmatched. Its survival through pivotal American epochs, limited remaining population in high grades, and the artistry of George T. Morgan cumulatively heighten its investment allure. Each coin serves not only as a tangible asset linked to silver bullion, but also as a storied artifact—making it a standout acquisition for both discerning collectors and shrewd investors seeking historical and financial value.

IRV, Inc., established in 2010, is the parent company of Intaglio Mint, Limited Mintage, and Reserve Vault. With over 15 years of experience, IRV has earned a strong reputation for producing high-quality, unique bullion products and delivering exceptional customer service.

Our newest venture, Reserve Vault, is a premier online retailer of physical precious metals based in Ozark, Missouri. Reserve Vault extends IRV’s legacy of craftsmanship, offering top-quality gold and silver bullion at competitive prices, shipped directly to your doorstep.

Leveraging over a decade of expertise through Intaglio Mint, Reserve Vault ensures every product reflects the highest standards of quality and craftsmanship. Limited Mintage, another IRV subsidiary, exclusively retails Intaglio Mint’s unique bullion pieces, catering to collectors and investors.

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