The 1886 is a plentiful Philadelphia Morgan dollar issue with a mintage that approaches 20 million coins. Dave Bowers describes the distribution of 1886 dollars in his Silver Dollar Encyclopedia: “Quantities of 1886 dollars were released by the Treasury over a long period of years, with a large number coming out in 1951, 1952, and,…
Although heavily touted as a conditionally scarce date in Mint State, the 1883-S Morgan remains collectible in grades through MS64, and is frequently offered at auction in that range. It is the Gem grade level from where this issue draws its recognition. In MS65, the 1883-S Morgan is a grand rarity in absolute numbers, and…
The Sherman Silver Purchase Act, passed in July 1890, replaced the Bland-Allison Act as the authorizing legislation for the Morgan silver dollar. The law provided for the purchase of some 54 million troy ounces of silver annually from Western mining interests. As could be expected with such a supply of bullion, silver dollar production in…
This Philadelphia issue is plentiful in grades through MS66, but it is moderately scarce in MS67 condition. At this grade level, however, t he NGC population is only 3 with none graded higher. The example herein offered displays frosty, faintly toned surfaces. Listed at $7,500 in the NGC price guide. Offered at $5,200 Price reflected…
Silver dollar production declined drastically at all U.S. mints in the mid-1890s. Following the Panic of 1893 and the repeal of the Sherman Silver Purchase Act there was no commercial demand for the coins and no official mandate to produce them. Accordingly, the New Orleans Mint struck a small mintage of just 450,000 Morgan dollars that year. Unfortunately, the issue was not well-produced and many examples seen have weak strike characteristics and subdued mint luster. Most of the mintage circulated…
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