U.S. Morgan Silver Dollars 1893 Philadelphia & New Orleans VF
Morgan dollar mintages temporarily nose-dived after the 1893 repeal of the Sherman Silver Purchase Act. Only 378,000 were issued by the principal Philadelphia Mint in 1893, and a mere 300,000 Morgan dollars were struck for circulation by the New Orleans Mint. Those outputs were just a small fraction of average earlier productions.
After attrition and melts very few of these Morgans survive in mint-state quality today. In fact these tough find issues sell for $1,750 and $5,000 respectively in BU condition.
That puts added pressure on circulated grades like these Very Fine coins. And experts estimate just 14% of the 1893 Philadelphia issue and only 4% of the 1893-O New Orleans issue may survive in Very Fine quality or better grades. That's a very limited number for a very large collecting community.
These amazingly low numbers make both silver dollars key dates for any Morgan collector.
|Year of Issue
||Philadelphia and New Orleans|