1903-S Morgan Silver Dollar. MS-65+ (PCGS). This example offers exceptional Gem Uncirculated quality for this key date Morgan dollar. Brilliant and lustrous surfaces exhibit a lively satin texture. It is smooth and attractive with a bold to sharp strike. Simply put, the 1903-S is one of the rarest Morgan silver dollars in Mint State. A mintage of 1,241,000 coins is partly to blame for this, but the real culprit is the distribution, or rather lack thereof, of this issue. With well worn survivors in grades such as Good and VG relatively obtainable, it seems likely that a fair number of 1903-S dollars entered circulation shortly after striking. Later releases of Mint State coins were few and far between, which suggests that much of the original mintage succumbed to melting pursuant to the 1918 Pittman Act. The present Gem ranks among the finer certified examples. Here is a significant bidding opportunity for quality conscious Morgan dollar collectors.
