2023 San Francisco Proof Morgan Silver Dollar Set PF70 Ultra Cameo First Day Issue NGC Morgan Dollar Label

The coinage law of 1873 made no provision for the standard silver dollar. During the lapse in coinage of this denomination, the gold dollar became the unit coin, and the trade dollar was used for commercial transactions with the Orient. Resumption of coinage of the silver dollar was authorized by the Act of February 28,1878, known as the Bland-Allison Act. George T. Morgan, formerly a pupil of William Wyon in the Royal Mint in London, designed the new dollar. His initial M is found at the truncation of the neck, at the last tress. It also appears on the reverse on the left-hand loop of the ribbon.

NGC Certified 2023 Morgan Silver Dollar Set PF70 UC FDI

The obverse (heads side) features Liberty in profile. A cap, flora, and crown incused with the word “LIBERTY” adorn her head, while 13 stars (for the Original 13 Colonies) , “E PLURIBUS UNUM,” and the year of issuance encircle her. The reverse (tails) depicts an eagle with outstretched wings clasping arrows and an olive branch, accompanied by a wreath. Reverse inscriptions are “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and “ONE DOLLAR.”