United States of America 1882 New Orleans Morgan Dollars $3

Coin / United States of America / 1882 / New Orleans / Morgan Dollars / $3 (Three Dollars)

The coin in question is a Morgan Dollar minted in 1882 at the New Orleans mint. This iconic coin, designed by George T. Morgan, is a sterling example of late 19th-century American coinage, featuring a composition of 90% silver and 10% copper, which gives it both historical significance and intrinsic value. With a diameter of 38.1 mm and a weight of 26.73 grams, the Morgan Dollar is known for its considerable size and heft. It is characterized by its reeded edge, which not only adds to its aesthetic appeal but also helps to prevent tampering and counterfeiting. The design on the obverse displays a profile of Liberty, while the reverse showcases an eagle with outstretched wings, symbolizing strength and freedom. This specific piece has a reported mintage of 6,090,000 coins, contributing to its availability in the collector market. The absence of a mint mark indicates it was produced at the main New Orleans facility. Although commonly collected as part of a series, the Morgan Dollar is especially sought after by numismatists for its historical context and beauty. Though the coin is categorized under the simplistic label of "Coins," it holds a rich narrative within American monetary history, representing the prosperity and challenges of the post-Civil War era in the United States. As it was minted during a period when silver was actively mined and circulated, the Morgan Dollar stands as a testament to the economic trends of its time. In summary, this 1882 Morgan Dollar from the New Orleans mint is not only a piece of currency but also a collectible artifact that reflects a moment in the American story, with enduring appeal to both collectors and history enthusiasts alike.