Let's talk Morgan mint production for a minute

Discussion in 'US Coins Forum' started by Barney McRae, Apr 23, 2026 at 11:43 PM.

  1. Barney McRae

    Barney McRae Supporter! Supporter

    One thing that boggles my mind is how the 1899P Morgan dollar doesn't command a monster premium in lower uncirculated grades even though the official mintage was only 330,000 coins minted. Yeah yeah, I've read that some try to paint an image that in 1900 they minted more with the same dies but Stacks and Bowers says probably not. Then there is the Pittman Act that probably destroyed half of those. I have 4 of them from AU53 through MS62, but it's absurd with that low a mintage they do not command a serious price for them, as compared to 1899S which had 8 times more coins minted.
    Another mystery!
     
    SensibleSal66 likes this.

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