"Very Elusive" 1903-S San Francisco Morgan Silver Dollar.
The 1903-S Morgan dollar had by far the lowest mintage for the date; only 1.2 million were struck for circulation. And just a tiny proportion of that limited number have survived to our day. Authoritative opinion estimates that as few as 20,000 may exist in the nicely detailed Very Fine quality we offer or in higher grading. Some early Morgan issues are up to 200 times as plentiful today. Mint-state specimens are so hard to find that they sell for several thousand dollars, putting added collecting pressure on circulated grades like these.
"Commensurate Buy" 1904 Philadelphia Morgan Silver Dollar.
The principal Philadelphia Mint issued a relatively low 2.8 million Morgans in 1904, far below its 1889 peak production of 21.7 million. And today just a fraction of those 1904 no-mintmark Morgans survive in nice condition. It's estimated that about seven times as many 1904-O New Orleans Mint Morgans may exist today in VF quality or higher grades. Yet this Very Fine 1904 Philadelphia issue regularly sells for no more and now it's on sale. Morgan dollar minting was suspended after 1904 until one last output in 1921.