1889-O Morgan Silver Dollar Brilliant Uncirculated - Bu
Introduction
The 1889-O Morgan Silver Dollar Brilliant Uncirculated (BU) is a highly sought-after coin by collectors and investors alike. This coin was minted in New Orleans in 1889 and is made of 90% silver and 10% copper. The Morgan Silver Dollar was designed by George T. Morgan, who was a British engraver working for the United States Mint. The Morgan Silver Dollar is one of the most iconic coins in American history and is known for its beauty and rarity.
Design of the 1889-O Morgan Silver Dollar
The obverse of the 1889-O Morgan Silver Dollar features a left-facing profile of Lady Liberty wearing a Phrygian cap with the word "Liberty" inscribed on her hairband. The date "1889" is inscribed below Lady Liberty, and the phrase "E Pluribus Unum" is inscribed above her head. The reverse of the coin features an eagle with outstretched wings holding arrows and an olive branch. The phrase "In God We Trust" is inscribed above the eagle, and the words "United States of America" and "One Dollar" are inscribed below.
Brilliant Uncirculated (BU) Condition
The term "Brilliant Uncirculated" (BU) refers to a coin that has never been circulated and has retained its original mint luster. A BU coin will have no signs of wear or damage and will have a sharp strike. The 1889-O Morgan Silver Dollar in BU condition is a rare find, and collectors are willing to pay top dollar for this coin.
Rarity of the 1889-O Morgan Silver Dollar BU
The 1889-O Morgan Silver Dollar in BU condition is a rare find due to the fact that many of these coins were put into circulation and suffered wear and damage over time. The New Orleans Mint produced a total of 11,875,000 Morgan Silver Dollars in 1889, but only a small percentage of these coins were saved in BU condition. The rarity of the 1889-O Morgan Silver Dollar BU makes it a highly valuable coin in the eyes of collectors.
Value of the 1889-O Morgan Silver Dollar BU
The value of the 1889-O Morgan Silver Dollar in BU condition varies depending on the grade of the coin. A coin that is graded MS-60 (Mint State 60) can be worth around $350, while a coin that is graded MS-65 (Mint State 65) can be worth over $2,000. The value of the coin will also depend on other factors, such as the rarity of the coin and the demand from collectors.
Investing in the 1889-O Morgan Silver Dollar BU
Investing in the 1889-O Morgan Silver Dollar BU can be a smart move for collectors and investors alike. The rarity of the coin and its historical significance make it a valuable addition to any collection. The value of the coin has also been known to increase over time, making it a good long-term investment. However, it is important to do your research and buy from a reputable dealer to ensure that you are getting a genuine coin.
Conclusion
The 1889-O Morgan Silver Dollar Brilliant Uncirculated (BU) is a rare and valuable coin that is highly sought-after by collectors and investors. The beauty and historical significance of the coin make it a valuable addition to any collection, and its rarity makes it a good long-term investment. If you are interested in owning an 1889-O Morgan Silver Dollar BU, it is important to do your research and buy from a reputable dealer to ensure that you are getting a genuine coin.
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