1889 $1 Morgan Dollar NGC MS62

Grade and Condition:

• MS62 (Mint State 62) is a lower-end uncirculated grade, indicating that the coin shows no wear from circulation but has noticeable contact marks, abrasions, or other minor imperfections. MS62 coins generally have decent luster, though it may be slightly subdued, and can have more noticeable marks than higher-grade coins.

Mintage and Rarity:

• The 1889 Morgan Dollar is a common date, with a large mintage of 21.7 million coins produced at the Philadelphia Mint (no mintmark). This makes it one of the more readily available dates in the series, especially in grades up to MS63.
• Due to its high mintage, the 1889 Morgan Dollar is generally easier to find compared to lower-mintage dates, but in mint-state grades like MS62, it still holds solid appeal and value for collectors of uncirculated Morgans.

Design:

• The obverse of the Morgan Dollar features Lady Liberty with a detailed, intricate design of her hair and a coronet inscribed with “LIBERTY.”
• The reverse shows a heraldic eagle with spread wings, holding an olive branch and arrows. The design by George T. Morgan has become one of the most iconic in U.S. coin history, symbolizing both strength and beauty.

Market Appeal:

• The MS62 grade makes this coin appealing for collectors who want an affordable uncirculated Morgan Dollar. While not as high-grade as an MS65 or MS66, it offers a balance between quality and cost.
• The 1889 is often selected by those building a type set or date set, as it is relatively accessible while still being an uncirculated example.

Silver Content:

• Like all Morgan Dollars, the 1889 contains 90% silver and 10% copper, adding intrinsic value based on its precious metal content. Silver prices can influence its market value to some extent, but its collectible appeal as an uncirculated Morgan Dollar is the primary driver of its worth.

Value:

• The 1889 Morgan Dollar in MS62 is generally more affordable compared to higher-grade uncirculated examples but still commands a premium over circulated grades. Its value is influenced by its condition, with MS62 offering an entry-level option for collectors interested in uncirculated Morgans.
• Since the 1889 is a more common date, it’s accessible for collectors who seek a high-quality coin without the investment required for rarer dates or higher-grade Morgans.

Conclusion:

The 1889 $1 Morgan Dollar in NGC MS62 is a solid choice for collectors who want an uncirculated Morgan Dollar with good detail and appeal at a more accessible price point. It’s a great option for those building a date set or adding an affordable uncirculated Morgan Dollar to their collection. If you’re interested in this coin as part of a larger set or would like advice on other affordable uncirculated Morgans, let me know—I’d be happy to help!