History, Information, and Value of 1903 Morgan Dollar
Value of 1903-O Morgan Silver Dollar
At one time, the 1903-O Morgan Silver Dollar was considered the greatest rarity among Morgan dollars. That all changed in November 1962 when a storage vault in the Philadelphia Mint, sealed since 1929, was opened to gain access to dollars for holiday distribution. The vault held hundreds of thousands of mint-fresh 1903-O dollars! From a VF price guide value of $1,500 to a Mint State value of less than $20, it all changed at the opening of a vault. Since then the price has gone upward, but examples remain very affordable. No proofs were produced since the New Orleans Mint was a branch mint.
Easy to Find Since the Opening of the Vault: EF and AU examples can be found with little difficulty though the date is common enough in Mint State that circulated coins are often ignored by today’s collectors.
A Higher Grade Would be a Real Gem of a Coin: Well-struck and brightly lustrous examples of the date abound in today’s marketplace, and gem MS-65 coins are easily found. Choose carefully, for not all were created equal.
The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1903.” The reverse text on the Liberty dollar reads “United States of America; In God We Trust; One Dollar; O.” The obverse of the silver one dollar coin has a bust of a female facing the left wearing a cap and small crown, with flowers tucked in her hair and stars surrounding the border. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.
The Morgan Dollar series is very popular among collectors. If you have a Morgan (Liberty) Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to help you. We run rare coin auctions and will find your treasured coin a home where it will be valued. Additionally, if you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!