1903 $1 Morgan Silver Dollar NGC MS67+ (CAC) - A Condition Rarity!

1903 $1 Morgan Silver Dollar NGC MS67+ (CAC)--$6,800.00 "Conditional Rarity"

      It is with pleasure that we at AUCM present for your consideration a superior conditional rarity in the always-popular Morgan dollar series: 1903 NGC MS67+ (CAC). This truly spectacular coin is everything the discerning silver dollar collector wants: dazzling cartwheel luster, a superior grade--plus the desired CAC sticker! This specimen would be right at home in a select assortment of highly-graded Morgan dollars, or in a complete set of Mint State silver dollars.

      David Bowers reports that Mint State 1903 Morgan dollars were elusive until 1955, when a good many bags were paid out in the East. He recalls that such specimens were available at face value in northeastern Pennsylvania, where he lived then. Bowers quotes from a letter published in the February 1956 of The Numismatist, written by John J. Pittman, who writes, "I thought you might be interested in knowing that during the months of October and November large quantities of brilliant Uncirculated 1902 Philadelphia Mint silver dollars were released through various banks in Ohio, western Pennsylvania, and western New York. It is my understanding that bags containing all Uncirculated 1903 silver dollars were available." Bowers also tells us that in the 1960s there was a dealer in Salinas, California, who specialized in 1903 Morgan dollars, and at one time had gathered together a hoard totaling over 50 bags (50,000 coins). He reports that the famous Redfield Hoard (1976) had less than one bag of 1903 silver dollars, and that they graded MS-60 through MS-63.