1903-O Morgan Silver Dollar

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. 


1903-O Morgan Silver Dollar Value

The 1903-O Morgan Silver Dollar value ranges from the hundreds to upwards of the low tens of thousands for a Mint State coin. The 1903-O Morgan Dollar usually has an attractive, frosty luster, and ranges from a sharp to weaker strike. Cherrypicking is advised when choosing your perfect 1903-O Morgan Silver Dollar, and it will add great value to any Morgan Dollar series collection with its exciting history. 


Type of coin: Silver Dollar

Year: 1903-O Morgan Silver Dollar

Morgan Silver Dollar Mint Mark: New Orleans

Total mintage: 4,450,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 27.20 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters