1893 MORGAN SILVER DOLLAR - BLAST WHITEPCGS MS66The Panic of 1893 had far-reaching financial consequences, including the repeal of the Sherman Silver Purchase Act. Freed from the obligation to produce massive quantities of unneeded silver dollars, the United States Mint drastically reduced Morgan dollar production at all active mints in 1893. Only 378,000 examples were struck at the Philadelphia facility that year, making the 1893 a challenging date in the series, especially in grades above the MS65 level. This was the eighth lowest mintage for any Morgan business strike, which makes this date rare in its own right. However, both the New Orleans issue and extremely rare San Francisco issue had lower mintages at 300,000 and 100,000, respectively. Carson City actually had the highest mintage of dollars this year, with 677,000 struck. Due to these extremely low mintages, and the popularity of the Carson City issues, there simply aren't enough 1893-dated coins to go around. However, the 1893 Morgan from the Philadelphia Mint is definitely obtainable even up in the MS63-64 range but the populations fall dramatically in gem. Long regarded as one of the more difficult Morgan dollar issues from the Philadelphia Mint, only the 1894 and 1895 issues are more elusive to find in circulated grades. The limited original mintage of this date guarantees its continued popularity among Morgan dollar specialists. This exceptional blast white graded MS66 by PCGS is among the finest available, and would be a focal point on any collection.
Morgan Silver Dollars are America's most collected coin, with a rich history that was born out of the old Wild West. These big, beautiful silver dollars conjure up images of cowboys and salon poker games, outlaws and stage coach robberies, casino slot machines and honkytonks of the past. Born out of the rich silver mines of Nevada that turned small mining camps into large bustling cities full of promise and entrepreneurial enterprise. Today, Morgan Dollars are among the most colorful and treasured relics of the old American West. Morgan dollars were minted from 1878 to 1904, and once again in 1921 before retiring as America's most popular coin.