As a key date coin in the Morgan Silver Dollar series, the 1891 O is highly prized for its historical significance, scarcity, and distinctive features. Minted at the New Orleans Mint in 1891, it is one of the coins that stands out in the series due to its relatively low mintage and high demand among coin enthusiasts.
The Morgan Silver Dollar Series
The Morgan Silver Dollar series, designed by George T. Morgan, was minted from 1878 to 1904 and then again in 1921. These coins were made of 90% silver and 10% copper, with a weight of about 26.73 grams and a diameter of 38.1 millimeters. The design features Liberty on the obverse, with a portrait of a young woman wearing a coronet inscribed with the word “LIBERTY.” The reverse displays an eagle with outstretched wings, holding a bundle of arrows and an olive branch, symbolizing strength and peace. Above the eagle, the inscription “UNITED STATES OF AMERICA” is featured, along with “E PLURIBUS UNUM”, and the denomination “ONE DOLLAR”.
The 1891 O Morgan Dollar
The 1891 O Morgan Dollar was minted at the New Orleans Mint, indicated by the “O” mintmark. The mintage of this coin was relatively modest, with only 450,000 coins produced. While this is a relatively small number, it is not the lowest mintage in the series. However, it is considered a key date because the 1891 O Morgan Dollar is rare in high-grade conditions, and collectors find it difficult to locate coins in mint state or with toning that hasn’t impacted the coin’s beauty.
Toning on the 1891 O Morgan Dollar
One of the most attractive features of the Toned 1891 O Morgan Silver Dollar is the coin’s unique toning. Over time, silver coins can develop a patina, which is caused by a chemical reaction between the metal and the environment. The toning on a coin can range from subtle, light hues to vibrant, multi-colored patterns. Toned Morgan Dollars, especially those with iridescent hues of blue, purple, and gold, are highly coveted by collectors due to their aesthetic appeal. The 1891 O Morgan Dollar, with its natural, attractive toning, becomes even rarer and more desirable.
Historical Significance and Collectibility
The 1891 O Morgan Silver Dollar was minted during a period of significant economic and political change in the United States. The coin was struck during a time when the country was transitioning from the reconstruction era into the industrial age, and it carries with it the legacy of the silver standard and the monetary policies of the late 19th century.
In terms of collectibility, the 1891 O is one of the more sought-after coins in the Morgan Silver Dollar series due to its low mintage, the fact that fewer high-grade examples have survived, and its status as a key date in the series. As a result, it remains a staple for collectors looking to complete their Morgan Dollar collection.
Conclusion
The Toned 1891 O Morgan Silver Dollar Liberty is an extraordinary coin with a rich history, remarkable design, and a unique blend of rarity and beauty. Its status as a key date in the Morgan Dollar series, combined with its captivating toning, makes it an essential piece for both investors and collectors alike. For those fortunate enough to own an 1891 O Morgan Dollar in high-grade condition, it is a true treasure of American numismatic history.
