1903-O Morgan Silver Dollar

The 1903-O Morgan Silver Dollar was struck at the New Orleans Mint. Only a few of the 1903-O Morgan Dollars were released into circulation since the coins were not needed at the time. The rest went into storage with many being shipped to the Philadelphia Mint vault after the New Orleans Mint ceased operations, and many were likely melted down due to the provisions of the 1918 Pittman Act.

History of the 1903-O Morgan Silver Dollar

The 1903-O Morgan Silver Dollar has an interesting history in that it was believed to be one of the rarest and most sought after Morgan Silver Dollars in the entire series up until 1962. It was believed that less than 10 of these coins survived and was acclaimed in the numismatic community. In 1962, a number of 1903-O Morgan Dollars became available and it was the equivalent of the California gold rush. Eventually more coins were released from vaults in the 1960s and this coin became more common in Mint State.