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1903 Morgan Silver Dollar Obverse     1903 Morgan Silver Dollar Reverse


1903 SILVER DOLLAR

PCGS Nos: 7284, 7285, 97285, 7338, 87338

Mintage:

Circulation strikes: 4,652,000
Proofs: 755

Designer: George T. Morgan

Diameter: 38.1 millimeters

Metal Content:
Silver - 90%
Copper - 10%

Weight: 26.73 grams

Edge: Reeded

Mintmark: None (for Philadelphia, Pennsylvania) below the center of the wreath on the reverse

Images courtesy of Heritage Numismatic Auctions

Notes:
The 1903 Silver Dollar is very common in Uncirculated condition, but rare in Prooflike condition and extremely rare as a Deep Mirror Prooflike.  The most common Uncirculated grade is MS-64, but even Gem examples are easy to find.  The finest Uncirculated examples graded by PCGS are 39 MS-67's, 3 MS-66 Prooflikes, and 2 MS-65 Deep Mirror Prooflikes.

Looking at the Morgan Silver Dollar series as a whole, the most common grade for Proofs is PR-64.  However, 1903 is an exception where the most common grade is lower at PR-63.  Nevertheless, Gem examples of this date are available.  The finest examples graded by PCGS include 9 PR-67's, with none graded higher.  Only one Cameo Proof (a PR-65 CA) and no Deep Cameo Proof 1903 Silver Dollars have been graded by PCGS.

Significant examples:
NGC Proof-68.  Ex - Bowers & Merena Galleries "The Rarities Sale", July 31, 2002, Lot 538, illustrated, sold for $17,250.00

Recent appearances:
NGC Proof-66.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 559, illustrated, not sold

NGC Proof-66.  Ex - Superior Galleries "Pre-Long Beach" Elite Coin Auction, May 25-27, 2003, Lot 3132, sold for $8,050.00

Proof-66.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 1590, sold for $4,370.00

NGC Proof-66.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 580, sold for $4,830.00

Brilliant Proof 65.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 3754, illustrated, sold for $1,265.00

PCGS Proof-65.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 2200, illustrated, sold for $3,450.00

Brilliant Proof 64.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 3755, illustrated, sold for $1,322.50

Choice Brilliant Proof.  Ex - Stack's "65th Anniversary Sale", October 17-19, 2000, Lot 1213, "Bright, Reflective, and Fully Mirror-like", not plated, sold for $1,265.00

Proof-63.  Ex - Superior Galleries' "The ANA 2001 National Money Show Auction", March 8-9, 2001, Lot 404, sold for $1,725.00

Proof-60.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 2201, illustrated, sold for $920.00

Net Proof-60, sharpness of PR-63.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 581, sold for $506.00

PCGS MS-67.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 1591, sold for $2,415.00

NGC MS-67.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8480, illustrated, sold for $1,725.00

NGC MS-67.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 6650, illustrated, sold for $1,610.00  From the holdings of Andy Hansen

NGC MS-66.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8479, not illustrated, sold for $391.00

NGC MS-66.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8478, not illustrated, sold for $414.00

PCGS MS-66.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8477, not illustrated, sold for $437.00

PCGS MS-66.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8476, not illustrated, sold for $632.50

PCGS MS-66.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 6648, not illustrated, sold for $632.50  From the Fred Firestone Collection

ICG MS-66.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 6649, not illustrated, sold for $253.00

PCGS MS-66.  Ex - Bowers & Merena Galleries' "The Rarities Sale", January 3, 2001, Lot 396, illustrated, sold for $460.00

NGC MS-66.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part III", May 21, 2001, Lot 127, not illustrated, sold for $368.00

NGC MS-66.  Ex - Bowers & Merena Galleries' "The Lake Geneva Sale", June 28-29, 2001, Lot 1158, not illustrated, not sold

PCGS MS-65.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 8474, not illustrated, sold for $218.50

NGC MS-65.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 3756, not illustrated, not sold

Sources and/or recommended reading:
"The PCGS Population Report, April 2003" by The Professional Coin Grading Service