The Sherman Silver Purchase Act, passed in July 1890, replaced the Bland-Allison Act as the authorizing legislation for the Morgan silver dollar. The law provided for the purchase of some 54 million troy ounces of silver annually from Western mining interests. As could be expected with such a supply of bullion, silver dollar production in 1890 was substantial throughout the year, with more than 16 million coins ultimately produced. These were paid out gradually over many years, with the final distribution being in the Treasury releases of the early 1960s. Careless preservation, then, ended up being a major factor in the rarity of high-grade examples, as the date is readily available in grades through MS65. But that’s where the availability stops.
The NGC population is only 10 with none graded higher.
Listed at $15,000 in both the CDN CPG and the NGC price guide.
Offered at $11,900
