Pre-1921 Morgan Dollar - NGC MS64
The Pre-1921 Morgan Dollar - NGC MS64 is a silver coin. The listed metal amount is 0.7734 oz. The stated certification is NGC MS64.
History and background
The Morgan dollar was produced from 1878 through 1904 and again in 1921. Named for designer George T. Morgan, it belongs to the history of United States silver money and to a period when silver dollars carried substantial monetary and political significance. Collectors can approach the series through dates, mintmarks, varieties or representative design types. A later collector revival is a different issue and should not be confused with an original circulating-era Morgan.
Design and product identity
Liberty’s portrait occupies the obverse, while the reverse places an eagle, arrows and an olive branch within a wreath. The denomination identifies a dollar, not a one troy ounce weight. Date and mintmark distinguish issues within the same artistic framework, and surface preservation can distinguish individual examples even when their dates match. The relief and fields also give graders different areas to assess for wear, marks and luster.
Product specifications
- Metal: Silver
- Product format: Coins
- Listed metal amount: 0.7734 oz
- Fineness or alloy: .900 fine silver
- Mint or maker attribution: United States Mint
- Grading service: NGC
- Listed grade: MS64
- SKU: Pre64N
Understanding the metal content
Precious metal ounce weights use the troy system. One troy ounce equals 31.1034768 grams, while a kilogram equals one thousand grams. Fineness states the proportion of precious metal in an alloy; fine metal weight states the amount of that metal. An alloyed coin’s gross weight includes its other metals as well. These measurements explain why a denomination, a package weight and a stated fine metal amount should not be treated as the same specification.
Certification and the stated grade
NGC stands for Numismatic Guaranty Company. The service authenticates and grades submitted coins rather than manufacturing the original issue. This offering is identified as MS64. The numeric assessment concerns condition, not gold or silver purity. A certification number identifies a grading record, while the issue date identifies the coin. The holder label can also carry designations that are separate from both the coin’s denomination and its metal content. MS means Mint State and belongs to the uncirculated range of the traditional grading scale. An uncirculated coin can still have production or handling marks, so the number supplies a more specific assessment than the word uncirculated alone.
Preserving the product
Preserving the surface and the original identifying information helps retain the product’s physical history. Handle an unencapsulated collectible by its edges where appropriate and avoid polishing or abrasive cleaning. Keep a certified holder or stated assay package intact when retaining its identification matters. A brighter surface created by cleaning is not the same thing as a higher original condition grade.
Material, design and numismatic identity
A product’s history is carried by several different kinds of information. The issuing or manufacturing name explains its origin, the design identifies its subject, the metal specification describes its material and the condition language describes its preservation. A date can connect the piece with a particular program or historical period without proving that it is rare. These features remain meaningful together even when two offerings contain similar amounts of precious metal. Keeping them distinct provides a more accurate description of the actual object.
Historical and technical references: U.S. Mint background, NGC grading reference.
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Understanding Product Pricing
Understanding Product Pricing
Our prices include the product premium and the approximately 4% payment processing fee charged by our payment providers. We accept all major credit cards, debit cards, and PayPal, and the price you see is the price you pay with no hidden checkout fees.
Shipping & Return
Shipping & Return
Please call our office within 3 days from the delivery date if you would like to return your order. Please note that you may be liable for a market-loss fee.
What is a market loss fee?
What is a market loss fee?
Due to the nature of this industry, pricing can change every second for precious metals. For this reason, we (along with all major dealers) fully hedge our inventory. This process locks in our margin at the time that we purchase the inventory, so that we do not have spot-market risk. When your order is confirmed with us (not when you pay), we “buy back” our hedge on those items, thus making the metal completely susceptible to changes in its market value. If you decide you would like to cancel your order, return your order, etc and there is a decrease in spot value of your material, you are responsible for paying us that difference in price. We often get asked if the spot market goes up, do we pay you? Although we understand where it would seem as if that should be the case, that is not how hedging works. We do not make extra profit if the spot market goes up as the cost to “buy back” the hedge on your metal also increases. Our margin is our margin, regardless of the spot market. In the event that the spot market goes up, we just break even on the product due to this rise in cost. So, no we do not pay you if the market goes up.
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