Lot 771
1893-O Morgan Dollar. AU-55. Frosty in the fields with light tan color around the periphery. Always in demand as one of the key dates of the series, and important to every date collector. Although 300,000 were minted, a great many were melted under the 1918 Pittman Act which authorized melting of not over 350 million silver dollars, in the end 333,022,048 were melted, most of the silver was then sold to England a $1 per fine oz. and from there shipped to India. Hence, many dates are far more difficult to locate than mintages would indicate. Approximately one-half the Morgan Silver Dollars were melted from the total issued, and possibly 75% of the Peace Dollars were later melted.
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| Realized $920 |
