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San Francisco Mint
The San Francisco Mint was opened as a response to one of the largest finds of gold in world history, and the need to monetize that gold for commerce during the boom that followed its discovery. As gold had first been discovered in the area in 1848, the San Francisco Mint became busy striking coins as soon as it opened in 1853.
When the Comstock Lode of silver was discovered in Nevada a few years later, San Francisco was the convenient location to use for minting coins of that silver which could be used for local commerce, or traded overseas for luxury goods.
By 1873 it had been discovered that the standard silver dollar coins minted in the United States were not standard overseas, so a new coin - the Trade silver dollar - was created to meet that overseas need for trade silver.
The Bland-Allison act of 1878 changed everything for the San Francisco Mint, taking the lime light from the now-defunct Trade dollar coins and focusing a hefty majority of its energy on production of Morgan Silver Dollars. The San Francisco mint is one of only two mints that produced Morgan Silver Dollars from the first year of its production in 1878 all the way through to the end of the series in 1921.
The Numismatic Guaranty Corporation (NGC) is one of the largest third party grading services in the world, and is widely respected across the globe for their high level of quality and consistency. They have graded this coin as 'mint state 62,' which means this coin has no wear from circulation, but like almost all bag-stored silver dollars, it has a fair share of scratches, dings, and other marks caused by this storage method. It is, however, still a very attractive coin and a wonderful piece of American history!
|Year of Issue:||1880|
|Weight in Grams:||24.055 g|
|Weight in Ounces:||0.7734 oz|
|Legal Tender:||United States|
|Obverse Design:||Liberty facing left flanked by stars|
|Reverse Design:||Eagle clasping arrows and olive branch within half wreath|
|Reverse Designer/Engraver:||George T. Morgan|
|Obverse Designer/Engraver:||George T. Morgan|