1903-O Morgan Silver Dollar. MS-66 (PCGS). CAC.Intensely lustrous, frosty white surfaces are boldly to sharply struck in all areas. A century ago this coin would have been counted as one of the rarest Morgan dollars in existence. For decades the 1903-O was known only in circulated grades, with but few exceptions. A VF-20 coin 60 years ago was considered a remarkable example of the issue. Then, in the early 1960s, the Treasury hoard revealed a few bags of Mint State 1903-O Morgans and the rush was on. Those poor collectors who found themselves with circulated examples of the date worth up to $1,500 in the Guide Book now owned a relatively common coin in only average condition. Such can be the changing fortunes in numismatics. Today, the 1903-O is plentiful in all but the finest Mint State grades; the present Gem is sure to see spirited bidding among advanced Morgan dollar enthusiasts.From the Hawks Hill Collection.
