1878 S $1 Morgan Silver Dollar NGC MS62 DPL Deep Proof Like Gen 8.1 Holder #002
An 1878 San Francisco Mint (S) Morgan Silver Dollar graded Mint State 62 Deep Proof Like (MS-62 DPL) by NGC in a Generation NGC-8.1 style holder. This piece displays an original vibrant white luster, tinge of yellow toning with darker toning in some areas and glossy fields with excellent frosted devices. The holder shows surface scratches on both the obverse and reverse. The total mintage for this date & mint mark: 9,774,000. They were the first standardized silver dollars following the production of the Seated Liberty pattern which ended in 1873 due to the Coinage Act of 1873. The Coinage Act of 1873 outlawed all holders of silver bullion to strike their silver into legal tender. In 1878, the Grand Bland Plan otherwise referred to as the'Bland-Allison Act', was enacted to restore the silver dollar. The fineness of these silver dollars became standardized at 412.5 grains of. 100 copper, a net weight of. 77344 ounces pure silver, and a total weight of 26.73 grams 0.942873 oz. Morgan Dollars as they became known, were designed and named after by the United States Mint assistant engraver George T. Morgan's design featured a profiled bust of Liberty on the obverse and an eagle with outstretched wings on the reverse. Furthermore, dates were struck below the bust of liberty and mint marks (when present) are below the wreath on the reverse.
Morgan's last initial (M) can be found at the truncation of the neck. His last initial (M) is also found on the reverse on the left hand loop of the ribbon. Packages are no longer insured if tracking information shows the package is delivered.
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