1902 Morgan Silver Dollar MS64
Post by: Walt Durham
in Silver
The 1902-O Morgan Silver Dollar is a highly collectible and valuable coin, known for its rarity and historical significance. This coin was minted at the New Orleans Mint in 1902 and is graded MS 64 by the Numismatic Guaranty Corporation (NGC), indicating that it is in Very Choice Uncirculated condition with only minor imperfections.
The Morgan Silver Dollar was first minted in 1878 and was designed by George T. Morgan. The coin features the iconic Lady Liberty on the obverse, with a bald eagle on the reverse. The obverse also includes the words "Liberty" and the date of minting, while the reverse features the words "United States of America" and "One Dollar."
The 1902-O Morgan Silver Dollar is made of 90% silver and 10% copper, giving it a high intrinsic value. At the time of its minting, the Morgan Silver Dollar was a popular coin and was used in everyday transactions. However, the limited mintage of the 1902-O Morgan Silver Dollar makes it rare and highly sought after by collectors.
The 1902-O Morgan Silver Dollar is especially collectible because it was minted at the famed New Orleans Mint. The New Orleans Mint operated from 1838 to 1909. During its operation, the New Orleans Mint produced over 427 million coins, including gold and silver coins such as the Morgan Silver Dollar. The mint mark "O" on the 1902-O Morgan Silver Dollar indicates that it was struck at the New Orleans Mint.
The New Orleans Mint was closed in 1909 and is now a museum operated by the Louisiana State Museum. This historic Morgan Silver Dollar is a reminder of the history of coin production in the United States and the important role that the New Orleans Mint played in this process.
The 1902-O Morgan Silver Dollar is a beautiful and historical coin that is a valuable addition to any collection. Its rarity and near-perfect condition make it a highly sought-after item among collectors and investors. The coin's historical significance and intrinsic value make it a wise investment for anyone interested in collecting or investing in precious metals.