If you're looking for a piece that combines rich history, iconic design, and investment potential, the 1889-P Morgan Silver Dollar, graded MS61 by PCGS, is a fantastic option. This coin holds significant historical value as part of the Morgan Dollar series and is an excellent entry point for collectors seeking quality at an affordable price. Here’s why you should consider adding this coin to your collection:
Key Features:
1. Historical Importance – A Classic American Coin:
The Morgan Silver Dollar is one of the most recognized and beloved U.S. coin designs. Named after its designer, George T. Morgan, the obverse features Lady Liberty in profile wearing a Phrygian cap, a symbol of freedom, while the reverse showcases a detailed bald eagle with outstretched wings. The 1889-P Morgan Dollar was struck at the Philadelphia Mint, which is particularly desirable for collectors because it bears no mint mark, denoting its origin from the nation’s primary mint.
2. Solid Condition – MS61 by PCGS:
Graded MS61 by PCGS, this coin is in Mint State condition, which means it has never been circulated and retains its original mint luster. While MS6 is considered the entry-level for uncirculated grades, it still offers sharp detail and an attractive appearance, albeit with some minor marks or abrasions that are typical for this grade. PCGS is one of the most respected grading services, so you can trust that this coin has been accurately assessed and authenticated.
3. Affordability in Mint State:
For collectors, owning a Morgan Silver Dollar in MS61 condition offers the chance to acquire a high-quality, uncirculated example at a more accessible price point. Higher-grade Morgan Dollars (MS63 and above) can become quite expensive, but an MS61 coin still delivers all the appeal of the classic Morgan design and historical value at a lower cost. It’s an excellent option for collectors who want to build a strong set without paying the premium for higher grades.
4. Investment Appeal:
Morgan Silver Dollars, especially those graded by PCGS, are known for holding and increasing in value over time. The silver content and collectible nature of these coins provide intrinsic value, and their historic significance adds an additional layer of demand among numismatists. While MS61 examples might not have the eye-popping appeal of higher-grade coins, they still represent an excellent investment, particularly for those looking to acquire classic U.S. coins with long-term potential.
Estimated Value:
Based on current market trends, a 1889-P Morgan Dollar graded MS61 by PCGS typically has an estimated value in the range of $60 to $100. The exact value can fluctuate depending on market demand for silver and collector interest in Morgan Dollars, but this is a reasonable price range for a coin in this grade. As silver prices rise, so too does the underlying value of Morgan Dollars, adding to their investment potential.
Why This Coin?
The 1889-P Morgan Silver Dollar in MS61 condition offers a perfect blend of historical importance, beauty, and affordability. Whether you’re building a collection of Morgan Dollars or looking for a classic investment piece, this coin fits the bill. Its uncirculated condition, iconic design, and trusted PCGS certification make it an attractive option for collectors of all levels.
Final Thought:
This 1889-P Morgan Silver Dollar, graded MS61 by PCGS, is an excellent way to own a piece of U.S. numismatic history. Its Mint State condition, affordable price, and iconic design make it a standout addition to any collection or investment portfolio. Don’t miss the opportunity to own this timeless coin—it's a piece that will only become more valuable and cherished over time!
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Shipping / Handling Cost | Cost For Each Additional Item | Service |
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$10.60 | $0.00 | USPS Priority Mail Padded Rate Envelope (2 to 3 business days) |