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The Certified Morgan Silver Dollar 1887-O MS63 PCGS with reverse toning is a visually captivating example of a New Orleans–minted silver dollar that combines historical intrigue with aesthetic uniqueness. Struck during the height of the Morgan Dollar series, this coin bears the “O” mintmark of the New Orleans Mint, which had resumed coinage operations just a few years earlier in 1879. This particular example has been graded Mint State 63 by the Professional Coin Grading Service (PCGS), signifying a fully uncirculated coin with above-average strike and luster, minor contact marks, and a notable preservation of its original surfaces. The reverse toning enhances its appeal even further, adding a dimension of natural beauty that sets it apart from typical Mint State examples.
The Morgan Dollar series, designed by George T. Morgan, debuted in 1878 and ran until 1904 before a one-year revival in 1921. It became one of the most widely recognized silver coins in U.S. history. The 1887-O issue comes from a time when the U.S. Treasury was mandated to convert massive quantities of silver into coinage, driven by the Bland-Allison Act. The New Orleans Mint played a key role in this process, contributing millions of Morgan Dollars each year, including over 11.5 million coins in 1887. Despite the high mintage, many of these coins were weakly struck or poorly preserved, making high-grade examples particularly attractive to collectors today.
The obverse of the 1887-O Morgan Dollar features the iconic image of Lady Liberty, facing left, wearing a Phrygian cap adorned with wheat and cotton, symbolic of unity between the North and South. The inscription “E PLURIBUS UNUM” arcs above Liberty’s portrait, with the date “1887” below and thirteen stars encircling the rest of the design. On an MS63 example, Liberty’s facial features are sharply defined, though light contact marks may appear on her cheek or neck. The coin retains its full Mint State luster, with a semi-satiny or slightly frosted finish characteristic of New Orleans Mint coins from the era.
The reverse displays an eagle with outstretched wings holding arrows and an olive branch, symbols of war and peace, respectively. The eagle is surrounded by a wreath and the inscriptions “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and “ONE DOLLAR.” Below the wreath, between the tail feathers and the rim, is the “O” mintmark, denoting the New Orleans facility. On this certified example, the reverse exhibits distinct natural toning, typically in shades of russet, golden amber, blue, or violet, forming either along the rim or across larger portions of the field. Such toning results from long-term storage in original U.S. Mint bags or paper-wrapped rolls, where silver reacts with sulfur or air over time.
What makes reverse-toned Morgan Dollars particularly desirable is the interplay between the frosty relief of the eagle and the vibrant colorations in the fields. Toning patterns vary significantly from coin to coin, and collectors often seek specimens with symmetrical, multicolored, or crescent-shaped toning due to their visual interest and rarity. While not all toning adds value, naturally developed, eye-appealing color patterns often command premiums over untoned counterparts, especially when preserved in Mint State condition and authenticated by PCGS.
Although 1887-O Morgan Dollars are relatively common in lower grades, they become more elusive in higher Mint State grades due to consistently soft strikes and poor planchet preparation at the New Orleans Mint during the late 19th century. Many examples exhibit flattened features, particularly on the eagle’s breast and Liberty’s hair, making well-struck specimens all the more desirable. In the MS63 grade, this coin has survived with strong overall detail and a relatively clean appearance, reflecting superior preservation compared to most of its contemporaries.
PCGS certification ensures that this coin meets strict standards of authentication, grading accuracy, and preservation. Mint State 63 indicates a fully uncirculated coin with only moderate marks or abrasions visible under magnification, but no major flaws that significantly impair its eye appeal. The coin is sealed in a protective holder with a label displaying its date, mintmark, grade, and any noteworthy attributes—such as toning—recognized by collectors. This encapsulation not only enhances the coin’s security but also its liquidity in the numismatic marketplace.
With a diameter of 38.1 millimeters, a mass of 26.73 grams, and a metallic composition of 90% silver and 10% copper, the 1887-O Morgan Dollar is standard in physical specifications but distinct in personality. The reeded edge and classic design reflect the strength of American coinage during the industrial era, while the surviving toning on this piece adds individuality and character. The toning is especially appreciated under angled light, where shifts in color highlight the depth and intricacy of Morgan’s original engraving work.
The market for toned Morgan Dollars has grown steadily, especially among collectors who prioritize originality and eye appeal. Reverse-toned coins like this one, when combined with a solid Mint State grade and reputable certification, become centerpiece items in both type and date/mint collections. While prices can vary depending on the specifics of the toning—its intensity, pattern, and color saturation—attractive and natural toning on a PCGS-graded MS63 coin typically draws enhanced interest at auction or among private collectors.
In conclusion, the Certified Morgan Silver Dollar 1887-O MS63 PCGS with reverse toning is a superior example of numismatic artistry and natural beauty emerging from the New Orleans Mint. The over eleven million coins struck in 1887 belie the challenge of locating specimens with strong strikes, full luster, and appealing coloration. This coin offers collectors an enticing combination of historical significance, above-average preservation, and unique eye appeal through its colorful reverse toning. Encapsulated by PCGS and graded as uncirculated, it represents both a sound investment and a visually engaging piece of American coinage heritage.