Morgan Silver Dollar Very Fine Condition 1893

From the years 1893-1895, some of the lowest minted Morgans were produced. This was due to an over production in Morgans that led to the banks and reserves being overstocked with coins that weren't in circulation. The Treasury had over 300 million in its storage, while over 7 million just sat in banks and reserves. The silver purchasing clause of the Act of July 4, 1890 was repealed, making it illegal for more silver to be purchased in order to make more Morgans. For the next few years, the time of higher mintage Morgans was over, causing the Morgans minted from 1893-1895 extremely collectible because of their lower mintage. Only 378,000 Morgans were minted at the Philadelphia Mint that year. Finding a 1893 Morgan in a good grade is difficult since most were placed into circulation at the time. Your 1893 Morgan was struck at the Philadelphia Mint and is in very fine condition.

• Denomination: N/A
• Year: 1893
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• Mint Mark: N/A
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