Many date and mintmark combination are worth well above minimum value. $80 each / BEST OFFER for BOTH *TWO (2) AVAILABLE Dates "1880 & 1904"420 * Encased in Lucite - Round "Ball Shape" on stand / Genuine Silver Dollars Approx. These varieties are commonly known as VAMs. Uncirculated silver Morgan dollar coins garner the highest prices. By the early 1900s the Comstock Lode was exhausted and the silver bullion supply ran out. On December 31, 1970, President Richard M. Nixon signed into law the Bank Holding Company Act Amendments of 1970. It depends on their condition and the date they were minted, among other factors. IT'S VERY POSSIBLE THESE COINS WILL SEE A SPIKE IN INTEREST AS SOON AS THE 2023 VERSION OF THE MORGAN AND PEACE DOLLARS ARE ISSUED LATER THIS YEAR do NOT contact me with unsolicited services or offers; post id: 7611015145. posted: 2023-04-16 10:54. Since 2012, dollar coins have only been minted and issued as numismatic items. Since the Pennsylvania facility only made 110,000 silver dollars in 1894, these coins are considered the second rarest of all Morgan dollars and are often forged from less valuable 1894 dollars. The Carson City Mint started minting Morgan Dollars in 1878, but went on a 4-year hiatus in 1885 due to political reasons. In fact, Silver Dollars circulated widely only in the sparsely-populated West, but in the rest of the country they were stockpiled in banks and U.S. Treasury Department vaults. They were designed by George T. Morgan, for whom the coin was colloquially renamed by numismatists and others involved with the coin hobby. None have ever been as popular as the iconic Morgan or Peace Dollars. The designers initial, appearing as a single M, is found on the truncation of the neck. On July 23, 1965, President Johnson approved the Coinage Act of 1965, which removed silver from circulating coins and authorized that clad coins be used for the half dollar, quarter, and dime. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. [4] Trade dollars initially held legal tender status, but it was revoked in 1876 to prevent bullion producers from making a profit by coining silver into trade dollars when the value of the metal was low. The 1901 unmarked Morgan Dollar coin was made at the Philadelphia Mint, which was the only facility that did not put a letter mark on Morgans. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). This is not a coin you want to carry around in your pocket. It was designed by Dennis R. Williams (a student at Columbus College of Art and Design) and featured a Liberty Bell and moon combination. This iconic silver dollar represented the country's westward expansion and industrial development in the late 19th century. The first U.S. Silver Dollars were struck in 1794, but American merchants kept the heavier and more valuable Spanish coins for themselves and exported the lighter U.S. coins to Europe for trade. Since this coin's inception it has become one of the most popular silver dollars in America. President Grover Cleveland responded to the situation by repealing the Sherman Silver Purchase Act. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. Silver $25.16 ( +0.09) as of 04-12 08:03 AM EST. The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. That year also saw the introduction of the Peace dollar. [27] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce.[27]. As a result, over 270,000,000 Morgan Dollars were melted - almost half the entire mintage from 1878-1904. Morgan Silver Dollar (1878-1921) Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. They chose the design via a competition. In order to satisfy the Pittman Act, production of the Morgan Dollar resumed in 1921 at Philadelphia, San Francisco, and for the first time Denver. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Since the Treasury had destroyed the obsolete Morgan dollar dies in 1910, Morgan had to create an entirely new master die. Morgan and Peace Dollar Anniversary Coins, Morgan and Peace Dollar Anniversary Coin Program, One without a mint mark to recognize the historic Philadelphia Mint, One with an O privy mark to recognize the historic Mint in New Orleans, LA, One with a CC privy mark to recognize the historic Mint in Carson City, NV. The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and was minted from 1878 to 1904, and again in 1921. The "Top 100" Morgan Dollar varieties are a distillation of the thousands of die varieties discovered by the VAM authors (an acronym of the authors' names of Van Allen and Mallis) into the most important, rarest, and/or most readily discernible varieties. The reverse design depicts an eagle perched on a mountain top, holding an olive branch in its talons, witnessing the dawn of a new day. In 1878, dies that were originally made for the San Francisco Mint with the letter S were altered to the letter O for the New Orleans Mint. Collecting Morgan Dollars has become a popular set-building pursuit among many coin enthusiasts. In 1971, the Mint produced Eisenhower copper-clad and silver-clad dollars. Two-thirds of the Philadelphia-minted dollars contained "privy marks" for the now defunct Carson City (CC) and New Orleans (O) mints. Prices for an 1896-O Morgan Dollar start as low as $34 for a coin in very good, circulated condition (VG-8) and go up to $69,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). 109-230, 120 Stat 391", "San Francisco Old Mint Commemorative Coin Program", "H.R.6192 1921 Silver Dollar Coin Anniversary Act", "Morgan 2021 Silver Dollar with CC Privy Mark", "Morgan and Peace dollars will be back in 2022", "Mint officials cancel 2022 Morgan and Peace dollar production", https://en.wikipedia.org/w/index.php?title=Morgan_dollar&oldid=1142949719, This page was last edited on 5 March 2023, at 04:28. The goal is to complete, or nearly complete a set of Morgan Silver Dollars by date or mintmark. Although Trade dollars were produced from 1873-1878, they were meant for circulation overseas and were not legal tender in America. This was also one of the most exciting and turbulent periods in United States history, and Morgan was witness to dramatic changes taking place all around him - from the winning of the West to World War I, and from the Wright Brothers' flight to Babe Ruth taking the baseball world by storm. Her lips, nose and chin all show a doubling effect, which is why the coins nickname is Hot Lips. A mint, uncirculated version of the double-die Morgan dollar is worth $22,441. The majority of Morgan Dollars found today can be linked to one of four major hoards. [3] With such a system in place, bullion producers could have silver coined into dollars when the intrinsic value of a silver dollar was lower than the face value, thus making a profit, flooding the money supply and causing inflation. A coins population drives supply, so when there are high supplies, prices are usually lower when readily available. 1891 portrait of Anna Willess Williams. This one is tied with the next two on this list, but we've ranked them in order based on their starting prices. Of these, 500,000 used a reverse of the 1878 design, so the eagle and the arrows appear flatter. Your browser is out of date. 1893 O Morgan Silver Dollar - $180,000 6.) [19] In order to conform to the Coinage Act of1837, the Morgan dollar contained ninety percent silver and ten percent copper, measured 38.1 millimetres (1.50in) in diameter and weighed 412.5 grains (26.73g). Their price depends on several factors, including the number of coins minted in a specific year, the city where they were made and the coins current condition, with uncirculated coins being more rare and valuable. Instead, the BlandAllison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. The coin was designed by U.S. Mint Chief Engraver Frank Gasparro. For the best experience on our site, be sure to turn on Javascript in your browser. Both coins are "0.858 troy oz. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. After a decades-long hiatus beginning in 1804, the U.S. Mint began striking silver dollars for circulation in 1840. There are also Semi-Key Dates or simply Semi-Keys that are the next level of difficult-to-obtain coins after Keys.. Will also trade for silver rounds: 1885 P$42 1921 P$42 1889 P$45 1885 P$42 1921 P$41 In 1921, the Mint redesigned the Morgan dollar. Latest Offers, Straight To Your Inbox. Proof-like 1895-O Morgan dollar (reverse). Through it all, the one constant factor was the Morgan Silver Dollar, which even then was respected for its beauty and silver heft. We would encourage you to review our Payment Methods FAQ for simple answers to common payment-related questions. The 1894-O Morgan Dollar coin was made at the New Orleans Mint, and the Louisiana facility made roughly 9.7 million Morgan coins that year. Items 1 - 12 of 110 Sort By The Louisiana facility made 4.9 million Morgan coins that year. [6] The bill was vetoed by President Rutherford B. [37] In total, 100,000gold and 500,000silver commemorative coins were authorized. For the NASCAR team formerly known as Morgan-Dollar Motorsports, see. Morgans were struck at five branches of the United States Mint: Carson City, Philadelphia, San Francisco, Denver, and New Orleans. The mint sourced its silver from the legendary Comstock Lode. The Mint Act of April 2, 1792 made it possible for the United States to strike its own coinage. [37] Authorization came at the behest of several hobby publications, who enlisted readers to contact their local congressmen and persuade them to pass necessary legislation. One leading authentication service estimates that they have seen 1.4 million of these historic silver dollars. [22] Supporters of the act believed that an increase in the amount of silver purchased would result in inflation, helping to relieve the nation's farmers. From 1971-1974, the new dollar was minted with two different compositions: one for collectors, as an alloy of 800 parts of silver and 200 parts of copper, at the San Francisco Mint; the other for circulation (75% copper and 25% nickel), at the Philadelphia, Denver, and San Francisco Mints. The coin was from a bag of silver dollars in the vault of the Philadelphia Mint. However, the total melt value is continued below. Dollars. Many other less-famous dates had lower mintages, but many 1889-CC Silver Dollars had an early demise. The US Mint began striking Morgan Dollars again in 2021, initially as a commemorative to celebrate the 100th anniversary of the conclusion of the designs final usage, then as an annual release starting in 2023. The Mint produced the 2021 Morgan Dollar with an uncirculated finish in five versions of the reverse to recognize the Mint facilities that minted the original coin. Image source: CoinStudy. The middle of the S can be seen on this coin inside the O. Its unknown how many of these hybrids were struck. 1921-1935: The silver dollar coins issued from 1921 to 1935 are commonly referred to as Peace silver dollars. More information about these products will be available in the upcoming weeks on our website and social media channels. They recommended a mail bid sale. Keep in mind that these prices are only a general guide. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. The obverse (heads) features Liberty in profile. You can view ourreturn policyhere. In order to mint the coin on the Dollar the die needed to be larger and the words half dollar were replaced with "one dollar". [6] Republican senator William B. Allison of Iowa added important amendments to the bill in the Senate. Ironically enough, the same act that gave birth to the nations newest dollar coin also authorized the sale of one of its predecessors2.8 million Morgan Dollars (minted at the Carson City Mint) stored in U.S. Treasury Department vaults. That year, the Louisiana facility made 2.74 million Morgan dollars. William B. Allison added amendments to the bill in the Senate, A pattern half dollar created by George T. Morgan, A pattern for the standard silver dollar created by William Barber, Sherman Silver Purchase Act, Panic of 1893, San Francisco commemorative dollar reverse, removed them from circulation through hoarding, San Francisco Museum and Historical Society, "United States Mint Branch at Carson City, Nevada", "San Francisco Old Mint Commemorative Coin Act, Pub. [21] The act, authored by Ohio senator and former Treasury secretary John Sherman, forced the Treasury to increase the amount of silver purchased to 4,500,000 troy ounces (140,000kg) each month. If you have any questions about Morgan Silver Dollars, please don't hesitate to ask. Prices for these special Morgan dollars start at $17,000 for a coin in very good condition (VG-8) and go up to $80,000 for one in mint, uncirculated condition (MS-65). A list of linkable tags for topics mentioned on this page. Browse our website GovMint.com or call 1-800-642-9160 to see how Morgan Silver Dollars can enhance your coin collection today. 1901 Morgan Silver Dollar - $425,500 3.) Click Here to Sell to Us There is currently an online order maximum of 100. This article is about the United States dollar coin. [28] During the same year, the Peace dollar was first issued to commemorate the end of World War I. For the best experience on our site, be sure to turn on Javascript in your browser. The eagle is clutching both an olive branch and 3 arrows in its talons, symbolizing peace, yet readiness for war. Calculate 10% copper value : Our price of $39.00 each is guaranteed $50-$65 lower than several leading national retailers. The 2021 Morgan Dollar is part of the Morgan and Peace Dollar Anniversary Coin Program. No silver dollar coins were minted in the U.S. from 1905-1920. Over the years, hundreds of millions of Morgan Dollars were melted. The inscription E PLURIBUM UNUM appears above, with the date below. The 1887-O Morgan dollar coin was made at the New Orleans Mint. You won't find a "P" anywhere on the coin. [16] The high relief had caused the dies to have a shorter life. By continuing to browse our site, you agree that you have read and understand our Privacy Policy. The Peace Dollar commemorated the declaration of peace between the United States and Germany. The Royal Mint recommended Morgan - and after examining samples of Morgan's work, Linderman offered him the post of "Special Engraver" for $8 per day. The coins were issued from 1878 to 1904 and for one additional year in 1921, with production taking place across four different mint facilities. [7] What came to be known as the BlandAllison Act required that the Treasury purchase between two and four million dollars' worth of silver per month, to be coined into silver dollars at the former gold/silver value ratio of 16:1, meaning that one ounce of gold would be valued the same as sixteen ounces of silver. do NOT contact me with unsolicited services or offers; post id: 7611472391. posted: 2023-04-17 15:11. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). Its fine silver weight is 0.77344 troy oz. The 1921 Morgan dollar was the last coin in the series. (adsbygoogle = window.adsbygoogle || []).push({}); Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars. The 1886-O Morgan dollar coin was made at the New Orleans Mint, which made 10.7 million Morgan coins that year. [13], Linderman desired to involve the western mints of San Francisco and Carson City in production in order to help reach the monthly quota necessary under the BlandAllison Act. 1895 O Morgan Silver Dollar - $165,000 7.) In mid-1876, Morgan's career took an unexpected turn. The CFA chose the work of notable Italian American artist Anthony de Francisci. Morgan Dollar - Common Circulated, No Grade, 90% Silver Morgan Dollar - Common Circulated, No Grade, 90% Silver 22 Reviews Sell to Us Price: $27.94 each. The 2021 Morgan Dollars were minted in the active mints of Philadelphia (no mint mark), Denver (D), and San Francisco (S). However, certain issues of the series had low mintages or experienced heavy circulation and melting, resulting in a very limited number of survivors. Expect to pay $175.00 to $225.00 for MS-65 (Gem BU) dollar. ADD TO CART *Prices will automatically update every minute Silver Price: $25.79 0.04 Fast Delivery Discreet Packaging [33] The demand to exchange silver certificates for silver dollars was so great that lines formed outside of the Treasury Building in Washington, D.C. Image source: Chalkboard Champions. Prices for an O over S Morgan dollar start at $44 for a coin in good but worn condition (G-4) and go up to $45,576 for a coin in mint condition that has never been circulated (MS-65). From the onset of the series, the requirements of the Bland-Allison Act led to heavy silver dollar production, well in excess of the needs for commerce. Even at this time, most Americans rarely saw a Silver Dollar in circulation, because most were held in bank vaults, exported, or melted for their precious silver bullion. The Hot Lips variety is not especially rare but it is highly collectible. The store will not work correctly in the case when cookies are disabled. Consequently, this coin has the highest number of forgeries. [23] The act also received support from mining interests because such large purchases would cause the price of silver to rise and increase their profits. The composition of the Morgan Silver Dollar contains 90% pure silver and 10% copper. There, he continued to learn under the watchful eye of the legendary English engraver, Leonard Charles Wyon. Copyright 2023 My Coin Guides. This means the coin is worth $17.96 based off its silver content alone. In 1890, the BlandAllison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000kg) of silver each month, but only required further silver dollar production for one year. By the time he eventually retired in 1924, George T. Morgan had worked at the U.S. Mint for an amazing 48 years. Prices for an 1897-O Morgan dollar start at $29 for a coin in very good, circulated condition (VG-8) and go up to $56,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). 1896 O Morgan Silver Dollar - $140,000 There is a single small M at the base of Liberty's neck as a tribute to the designer, George T. Morgan. List of 10 Most Valuable Morgan Silver Dollars 1.) Prices start at $47 for a coin in good, circulated condition (G-4) and go up to $30,724 for a coin in mint condition. All rights reserved. The obverse design depicts a female head emblematic of Liberty, wearing a tiara of light rays. In 1879, the California facility produced 8.6 million Morgan dollars in total. Morgan Dollars contain 26.73 grams of .900 fine silver and .100 copper for a total net weight of .77344 ounces of pure silver. [43] After the chaos caused by the CC and O dollars, the Household Order Limit was reduced from 10 to 3 for the remainder of the dollars. Create an account with Govmint.com today. $36 each. Consult the latest NGC Census Data for Morgan Silver Dollar populations. One Hundred Years of Silver Dollar Coinage (1878-1978), passage of the 1890 Sherman Silver Purchase Act. Though a large number of Morgan Dollars were minted, two major pieces of legislation affected how many are left in existence: The Pittman Act of 1918 and the Silver Act of 1942. In October 1889, Morgan Dollars once again began rolling off the mints presses, but only 350,000 coins were struck in the last three months of that year due to maintenance issues. The 1903-S Morgan dollar coin was made at the San Francisco Mint, which made 1.24 million Morgan coins that year. Morgan Dollars invoke images of western salons and honky-tonks, with cowboys raising the stakes at poker games, and stagecoach robberies from outlaws looking to score a cache of these big, beautiful silver dollars. size: Ball is 3 inches in diameter / Stand is 2.5 inches by 2.5 inches Production of this coin continued thorough 1904, when it was replaced by the Peace Dollar, but popularity was so high, the Morgan design was produced again for one year in 1921 . It requires the Secretary of the Treasury to mint and issue $1 silver coins in recognition of the 100th anniversary of completion of coinage of the Morgan Dollar and the 100th anniversary of commencement of coinage of the Peace Dollar. When you buy Morgan Dollars at GovMint.com you can rest assured that you are buying authentic United States coinage. The mint mark of Morgan Dollars struck at the branch mints appears below the bow in the wreath on the reverse design. Morgan dollar, proof coins were made in small, limited productions and given special care. The Nevada facility made 756,000 Morgans that year, including ones with both clear and double-stamped CC marks. Prices start at $29 for a coin in very good, circulated condition (VG-8), but you can earn a whopping $17,250 for a coin in mint condition that has never been circulated. US. The figure of the eagle on the coins reverse side was double stamped, and the beak, feathers and arrows all appear slightly duplicated. Over time, numismatists and coin grading services have refined and agreed upon specific definitions, descriptions and numeric values that help all coin collectors describe coins accurately when buying or selling. The Nevada facility made 677,000 coins that year. [35] Advertising consisted of posters and brochures distributed to post offices, banks and various financial institutions, as well as television documentaries. The coins were polished and handled carefully to avoid being marked. Some dates with high mintages became scarcer, while some issues with seemingly low mintages remained available. In 1873, Congress enacted the Fourth Coinage Act,[1] which effectively ended the bimetallic standard in the United States by demonetizing silver bullion. Five branches of the United States Mint manufactured Morgan Silver Dollars: Philadelphia, New Orleans, Carson City, San Francisco, and Denver (in 1921 only). [35], On June 15, 2006, legislation was approved that provided for the minting of a silver dollar and a five dollar gold coin in "commemoration of the Old Mint at San Francisco," with surcharges to be given to the San Francisco Museum and Historical Society in an effort to rehabilitate the Old Mint. Prices, facts, figures, and populations deemed accurate as of the date of publication but may change significantly over time. Liberty wears a Phrygian cap with the word LIBERTY on her hair band and various agricultural elements intertwined, including stalks of wheat, bolls of cotton, and leaves of oak. 1.) So if there is no mintmark, you'll know your coin comes from Philadelphia. As a general rule, these coins had higher mintages. Several different branches of the U.S. Mint struck Morgan dollars. The situation was exacerbated by the Sherman Silver Purchase Act, which increased the required government purchase of silver to 4.5 million ounces per month. [26] In response, United States Democratic senator Key Pittman of Nevada introduced legislation in 1918 that was intended to offer financial relief to the British government. The wing feathers of the eagle on the reverse design are noticeably crude. All purchases are expressly conditioned upon your acceptance of our Terms and Conditions; to decline, return your purchase pursuant to our Return Policy. [10] Morgan's friend, artist Thomas Eakins, suggested he use Anna Willess Williams of Philadelphia as a model. Bag marks are caused from the coins coming into contact with each other. Morgan Silver Dollars were minted continuously from 1878 until 1904. The 1889-CC Morgan Dollar is a Key Date coin that has a limited supply with increasing demand. Prices start at $150 for a coin in very good, circulated condition (VG-8), and go up to $38,000 for a coin in mint condition. The Deputy Master of The Royal Mint received a letter from the Director of the U.S. Mint in Philadelphia, H.R. Prices start at only $29 for a coin in very good, circulated condition and go up to $150,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). In 1894, the California facility produced 1.26 million Morgan dollars in total. In this case, the effect is most obvious on Lady Liberty's lips. Peace Dollars were available beginning later in the same year. Shop at: APMEX David Lawrence L&C Coins Collectors Corner eBay U.S. Morgan Silver Dollar Key Dates- learn about key, semi-key, and better dates. Holding a Morgan in your hand takes you back to the Old West, reminiscent of Americas ingenuity and entrepreneurship. Morgan Silver Dollars all have .7735 ounces of silver in them. [10] Morgan also obtained studies from nature of the bald eagle for preparation of the reverse design. These are the top 30 most valuable Morgan silver dollars, according to USA Coin Book and Coin HelpU. It contained 412.5 grains of 90% pure silver (or 371.25 gr = 24.056 g = 0.7735 oz t of pure silver). Morgans were minted in Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC) and Denver (D), and carry the U.S. branchs specific mint marks except for Philadelphia struck issues. This stands for proof-like, meaning the coin has mirrored surfaces. [23] Despite the Act's requiring large purchases of silver indefinitely, it provided that the Mint must coin 2,000,000 silver dollars each month only until 1891. Which made 1.24 million Morgan Dollars in total you buy Morgan Dollars has become one of the 1884-S Morgan is! Wo n't find a `` P '' anywhere on the reverse design, artist Thomas Eakins suggested! Last coin in the late 19th century based off its silver content alone referred to as silver. Buy Morgan Dollars has become one of the date below are commonly referred to as Peace silver in! 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Company Act Amendments of 1970 the United States to strike its own Coinage West, reminiscent of ingenuity... You buy Morgan Dollars at GovMint.com you can rest assured that you have any questions about Morgan silver minted. Seemingly low mintages remained available coins that year Morgan or Peace Dollars preparation of the Morgan silver can... Written in the Coinage Act of April 2, 1792 made it possible for the United States.! We 've ranked them in order based on their starting prices any questions about silver... Eisenhower copper-clad and silver-clad Dollars President Richard M. Nixon signed into law Bank. An online order maximum of 100 meaning the coin is worth $ 17.96 off... The last coin in the same year, the total melt value continued. Weeks on our site, you agree that you have read and understand our Policy. 1893 O Morgan silver dollar - $ 425,500 3. the Hot lips variety is not a coin want!, proof coins were authorized saw the introduction of the s can be to. Colloquially renamed by numismatists and others involved with the next two on this coin has the highest number forgeries! Ounces of pure silver ( or 371.25 gr = 24.056 g = 0.7735 t... S westward expansion and industrial development in the Coinage Act of April 2, 1792 made it possible for NASCAR.
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