1901 Morgan Silver Dollar. MS-63 (PCGS).A scarce and eagerly sought Mint State survivor of this notorious condition rarity among Philadelphia Mint Morgan dollars. Boldly to sharply defined throughout, both sides are of further appeal due to the smooth, satiny mint luster that they possess. Bright, brilliant and beautiful, there is much to recommend this coin to the discerning Morgan dollar enthusiast.pProduced to the extent of 6,962,000 circulation strikes, the 1901 has a generous mintage by Morgan dollar standards. The number of coins struck, however, conceals the rarity of this issue in Mint State. Thousands of examples seem to have been released into circulation at or near the time of striking. Even so, much of the mintage was likely retained in federal vaults until destroyed pursuant the terms of the 1918 Pittman Act. The 1901 is the scarcest Philadelphia Mint Morgan dollar in Mint State, the present offering a rare find in todays market.