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U.S. Morgan silver dollar production, which reached its peak in the 1880's, had severely declined by 1892. A relative scarcity for the date is the 1892-O Morgan, whose 2.7 million mintage was the lowest New Orleans Mint output in the series up to that date. Our sharply detailed Extra Fine quality sells for about 15% of the cost of BU's. Even one-step-up AU quality costs twice as much.
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