1886-O Morgan Silver Dollar Better Date Rare
For coin collectors, the 1886-O Morgan Silver Dollar is considered a better date rare coin. This particular coin was minted in New Orleans in 1886 and is highly sought after by collectors due to its scarcity and historical significance. The Morgan Silver Dollar was minted from 1878 to 1904 and then again in 1921, and is considered to be one of the most popular and collectible coins in American history.
The History of the 1886-O Morgan Silver Dollar
The Morgan Silver Dollar was named after its designer, George T. Morgan, who was an English-born engraver at the United States Mint. The coin was first minted in 1878 and was used as currency until the passage of the Pittman Act in 1918, which called for the melting of millions of Morgan Silver Dollars to be used for the production of silver certificates. The coin was minted again in 1921 due to the resumption of silver dollar production and the demand for the coin by collectors.
Why the 1886-O Morgan Silver Dollar is Considered Rare
The 1886-O Morgan Silver Dollar is considered rare due to its low mintage of only 10,710,000 coins. This is much lower than other Morgan Silver Dollars minted in the same year, such as the 1886 Philadelphia Silver Dollar, which had a mintage of 19,963,000 coins. The low mintage of the coin makes it highly sought after by collectors, and as a result, it can command a high price in the market.
The Design of the 1886-O Morgan Silver Dollar
The obverse of the 1886-O Morgan Silver Dollar features a left-facing portrait of Lady Liberty wearing a Phrygian cap, with the word "LIBERTY" inscribed above her head. The year of mintage, 1886, is inscribed below her head. The reverse of the coin features an eagle holding an olive branch and arrows, with the words "IN GOD WE TRUST" inscribed above its head and "E PLURIBUS UNUM" inscribed below its talons. The mint mark "O" for New Orleans is located below the eagle.
The Value of the 1886-O Morgan Silver Dollar
The value of the 1886-O Morgan Silver Dollar varies depending on its condition, rarity, and demand from collectors. A coin in poor condition may be worth only a few hundred dollars, while a coin in excellent condition can be worth thousands of dollars. As with any collectible item, it is important to have the coin authenticated by a reputable dealer or grading service before making a purchase.
Conclusion
The 1886-O Morgan Silver Dollar is a rare and highly collectible coin with a fascinating history and intricate design. It is a must-have for any serious coin collector and can be a valuable addition to any collection. With its scarcity and historical significance, the 1886-O Morgan Silver Dollar is sure to maintain its value and desirability for generations to come.