Got this in a melt bag!

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grade opinions?

 

In my unprofessional opinion, either F-15 or F-12

 

F-12 is about right.
Why are these so valuable, the mintage was not low.

 

Probably most were in the Treasury vaults & melted.

See: Per Wikipedia: Under the Act, 270,232,722 standard silver dollars were converted into bullion (259,121,554 for sale to Great Britain at $1.00 per fine ounce, plus mint charges, and 11,111,168 for subsidiary silver coinage), the equivalent of about 209,000,000 fine ounces of silver

 

Considering the source I would grade it AWESOME.

 

I'm sure I've seen it posted here before, but:

https://www.us-coin-values-advisor.com/Incredible-Tale-of-the-1903-O-Morgan-Silver-Dollar.html

 

No matter what the grade Riff, you made a nice find. Pays to keep your eyes open. My grade would be VG.

 

It is very uncommon to find these worn. Most of them were kept in a vault for years.

 

yeah, this one escaped early.

 

A very nice find. F-12 tops.

 

Almost fine.

 

C'mon guys. When the lines in the cotton bolls are that deep, it's F15. Show me a grading guide that disagrees.

Yeah, I know it would be discounted price wise for the problems.

OP, you did well, anyway you slice it.

 

Oh how the mighty have fallen.