b>“Best Buy” 1886-O New Orleans Morgan Silver Dollar --
In 1886, the New Orleans Mint struck nothing but Morgan silver dollars. But relatively few seem to have been kept in storage or a phenomenally high proportion was lost in later melts. Today the 1886-O is genuinely rare in mint-state quality, with even average BUs retailing for about $1,500. And comparatively few circulated 1886-O Morgan silver dollars survive today. In the Very Fine quality we offer or higher grades, as few as 1% of its original mintage are estimated to exist. Our VF issues circulated well-over a century ago, when a dollar was often a hard-earned day’s pay.
“Bargain Choice” 1892-O New Orleans Morgan Silver Dollar --
Morgan silver dollar mintages plunged dramatically in the 1890s, because a relatively high number of Morgans were already in commerce. In 1892, the Treasury stemmed the New Orleans production to just 2.7 million. That was only about one-third of the previous year’s O-mintmark output and the lowest New Orleans Mint production in the series up to that date. Today it is estimated that as few as 133,000 of these treasures may survive in the nicely detailed Very Fine quality we offer or higher grades. Over 30 times as many issues may exist for some earlier Morgans in the series.
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