1878-1904 Morgan Silver Dollar - NGC MS64

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Product ID: BST-0021005FF4

Specifications

Random Year Status Random Year
Precious Metal Type Silver
Bullion Coin Type Morgan Dollar
Format Coin
Country of Origin United States
Brand/Mint U.S. Mint
Mint Mark Various
Purity 0.9
Weight 0.7734 oz
Thickness (mm) 2.4 mm
Diameter (mm) 38.1 mm
Inner Pack (Quantity) 20
Grade MS64
Grading Service NGC

Product Details

Overview of the 1878-1904 Morgan Silver Dollar (NGC MS64)

The Morgan Silver Dollar is one of the most recognized and widely collected coins in American numismatic history. Struck at various United States Mint facilities between 1878 and 1904, each coin contains 0.7734 troy ounces of 90% fine silver and carries legal tender status as a product of the United States Mint. The specific date and mint mark on any individual coin will vary, as this listing covers the full range of pre-1921 Morgan Dollars certified MS64 by the Numismatic Guaranty Company (NGC).

NGC MS64 certification places each coin in the upper tier of the mint state grade range, indicating a sharp, lustrous example with minimal distracting contact marks and no post-mint damage. We carry NGC-certified examples for collectors and buyers who want the assurance of third-party grading and professional encapsulation.

History and Background

The Morgan Dollar takes its name from George T. Morgan, the British-born engraver who designed the coin for the United States Mint. Congress authorized the series through the Bland-Allison Act of 1878, which required the federal government to purchase and coin large quantities of domest

Overview of the 1878-1904 Morgan Silver Dollar (NGC MS64)

The Morgan Silver Dollar is one of the most recognized and widely collected coins in American numismatic history. Struck at various United States Mint facilities between 1878 and 1904, each coin contains 0.7734 troy ounces of 90% fine silver and carries legal tender status as a product of the United States Mint. The specific date and mint mark on any individual coin will vary, as this listing covers the full range of pre-1921 Morgan Dollars certified MS64 by the Numismatic Guaranty Company (NGC).

NGC MS64 certification places each coin in the upper tier of the mint state grade range, indicating a sharp, lustrous example with minimal distracting contact marks and no post-mint damage. We carry NGC-certified examples for collectors and buyers who want the assurance of third-party grading and professional encapsulation.

History and Background

The Morgan Dollar takes its name from George T. Morgan, the British-born engraver who designed the coin for the United States Mint. Congress authorized the series through the Bland-Allison Act of 1878, which required the federal government to purchase and coin large quantities of domestic silver. Production spanned multiple mint facilities, including Philadelphia, Carson City, New Orleans, and San Francisco, each identified on the coin by a distinct mint mark.

The 1878 to 1904 production window represents the first phase of Morgan Dollar coinage. After a 17-year hiatus, the series was briefly revived in 1921 before being replaced by the Peace Dollar. Coins struck during the original run are often distinguished by date and mint mark combinations that carry varying degrees of numismatic significance, with certain issues from Carson City and New Orleans being particularly sought after among collectors.

The Morgan Dollar era coincided with a turbulent period in American monetary policy, as the federal government navigated debates over silver coinage and currency supply. The coins themselves became symbols of the American West and the Gilded Age economy, and they remain among the most actively traded pre-1933 United States silver coins in the collector market today.

Design and Aesthetics

George T. Morgan modeled the obverse portrait of Liberty after Anna Willess Williams, a Philadelphia schoolteacher who sat for several sittings during the design process. The portrait faces left and is framed by a Phrygian cap inscribed with "LIBERTY," surrounded by stars along the coin's edge with the date centered at the bottom. The overall composition is formal and classical, reflecting the aesthetic preferences of late 19th-century American numismatic design.

The reverse features a heraldic eagle with outstretched wings, clutching arrows and an olive branch in its talons. The eagle is centered within a wreath, and the inscriptions "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" frame the composition. A banner beneath the eagle reads "IN GOD WE TRUST," and the denomination "ONE DOLLAR" appears at the bottom of the reverse field.

At the MS64 grade level, surfaces retain strong original mint luster with well-defined high points. Contact marks are present but remain few enough in number and subtle enough in placement that they do not materially distract from the coin's visual appeal. The strike quality across the Morgan series varies by facility and date, but MS64 examples generally exhibit crisp detail in Liberty's hair and feather definition on the eagle's breast.

Authenticity and Product Integrity

Each coin in this listing has been independently certified by NGC, one of the two most widely recognized third-party grading services in the world. NGC evaluates coins for authenticity, grade, and surface integrity before sealing them in a tamper-evident holder that displays the certification details. The grade of MS64 reflects NGC's assessment that the coin is a genuine, original-mint-state example meeting the published grading standards for that grade level.

We are an authorized dealer for both NGC and PCGS, which positions us to source, handle, and represent certified coins with a clear understanding of grading standards and market expectations. The NGC slab itself serves as the primary authentication mechanism, and buyers can verify certification details directly through NGC's online registry using the certification number displayed on the holder.

Condition and Packaging

MS64 is a well-defined grade within the mint state spectrum. NGC assigns this designation to coins that exhibit full mint luster, a sharp strike, and surfaces largely free of significant contact marks. Some scattered small marks may be present, but they are not concentrated in focal areas and do not compromise the coin's overall eye appeal. At this grade, Morgan Dollars typically display strong luster and retain the visual qualities that make the series appealing to both collectors and buyers seeking quality certified silver.

Each certified coin arrives in its original NGC tamper-evident holder. The holder protects the coin from handling and environmental damage while displaying the grade, certification number, and coin description on the label. If you are purchasing multiple coins, each will arrive individually slabbed. The NGC encapsulation eliminates the need for additional protective storage materials, and the slab itself is the accepted presentation format for graded coins in both the retail and auction markets.

Pricing and Market Factors

Pricing for NGC MS64 Morgan Dollars reflects both the current spot price of silver and a numismatic premium tied to the coin's grade, date, and collector demand. The 0.7734-ounce silver content provides a baseline tied to the silver market, but certified mint state examples consistently trade above melt value due to their scarcity at the MS64 level and the cost associated with third-party grading and encapsulation.

Specific date and mint mark combinations within the 1878 to 1904 range can carry meaningfully different premiums. Carson City issues, certain low-mintage Philadelphia dates, and select New Orleans coins often command higher prices at equivalent grades compared to more common dates from the same era. Our pricing reflects current wholesale market conditions and is structured to provide clarity on what you are paying relative to both spot and the certified coin market.

Selling and Liquidity

NGC-certified Morgan Dollars in MS64 are actively traded across multiple channels, including online auction platforms, dealer networks, and coin shows. The combination of third-party certification and the Morgan Dollar's broad collector base creates consistent demand across market cycles. The NGC holder and certification number allow buyers and sellers to transact with a shared frame of reference for grade and authenticity, which reduces friction in the resale process.

We operate a two-way market that allows customers to both purchase and sell certified coins within the same ecosystem. Understanding the bid side of the market before committing to a purchase is something we actively encourage, and our platform displays buyback pricing to give you a realistic picture of liquidity at the time of acquisition. Liquidity for individual Morgan dates and grades can shift as collector demand evolves, and having access to current market data makes those dynamics easier to evaluate.

Why Buy the 1878-1904 Morgan Silver Dollar in NGC MS64?

The Morgan Dollar in MS64 occupies a practical middle ground between raw bullion and high-grade registry-quality coins. It carries meaningful silver content, strong numismatic recognition, and a grade high enough to appeal to serious collectors without reaching the price levels associated with MS65 and above. For buyers who want a certified, visually appealing example of one of America's most iconic silver coins, the MS64 grade offers a compelling combination of quality and relative value within the certified market.

The NGC certification removes the uncertainty inherent in buying raw examples, and the Morgan Dollar's established collector base means that demand is not dependent on a narrow segment of the market. Whether the appeal is the silver content, the historical significance, or the numismatic grade, this coin functions on multiple levels for different types of buyers.

Why Buy from Bullion Standard?

We have been operating as a precious metals and numismatic dealer since 2010, and our focus has consistently been on transparency, accurate product representation, and building long-term relationships with customers rather than maximizing short-term sales. Our A rating with the Better Business Bureau reflects that approach, as does our membership in the American Numismatic Association and the National Coin and Bullion Association. As an authorized dealer for both NGC and PCGS, we are well-positioned to represent certified coins accurately and handle them with the care the market demands.

Our pricing is tied to real-time market conditions rather than fixed retail margins, and we display both buy and sell pricing so you can evaluate the full picture before committing to a purchase. Our customer support team understands the numismatic market and can speak to the specific characteristics of Morgan Dollars rather than providing generic product assistance. From initial inquiry through post-purchase support, the experience is designed to be straightforward, informative, and free from the high-pressure dynamics that are unfortunately common in this space.

Get Near-Spot Pricing with Bullion Standard Pro

Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing across our catalog, including certified numismatic coins like NGC-graded Morgan Dollars. Rather than navigating static retail price sheets, Pro members can see how certified silver coins are priced and traded at the wholesale level in real time, giving them a more complete understanding of the spread between what they pay and what the market will currently support on the sell side.

Pro also provides access to proprietary market intelligence tools that help members evaluate premiums, bid/ask spreads, and liquidity characteristics for specific products over time. For certified coins like the Morgan Dollar, where numismatic premiums can shift meaningfully based on collector demand and grade population changes, having access to current and historical data helps buyers make more grounded decisions rather than relying on marketing claims or point-in-time price quotes alone.

Flexible and Secure Payment Options

We support a broad range of payment methods to make every transaction straightforward and secure. Customers can pay using Visa, Mastercard, American Express, or Discover, as well as PayPal and bank-connected payments through Plaid. For larger purchases, wire transfer and paper check are also accepted. Customers who prefer to transact in digital currency can complete purchases through our cryptocurrency payment integration via BitPay.

Each payment method is processed through a secure transaction environment, and our fulfillment process is designed to ensure that certified coins arrive safely and in the same condition in which they left our facility. Convenience and security are not treated as competing priorities; we work to provide both as a standard part of the buying experience.

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