1891 Morgan Silver Dollar. MS-65 (PCGS). Secure Holder.A sharply struck, overall brilliant example with billowy satin luster throughout. The circulation strike mintage of 8,693,556 pieces for the 1891 dollar was achieved using bullion reclaimed from melted trade dollars pursuant to the Act of March 3, 1891, as well as newly purchased silver obtained under the terms of the 1890 Sherman Silver Purchase Act. Mint State survivors are fairly common in an absolute sense, although with few grading finer than MS-64 the 1891 is scarce in MS-65 and rare any finer.Ex Bella Collection.