S$1: Morgan

Owner Comments:

On March 26, 1964, the United States Treasury of the Secretary called a halt to the payout of silver dollars from Treasury vaults. For the past several years, more than one hundred million Morgan Dollars in storage since the 1920's had been paid out at face value. This enormous release of coins had included quantities of previously rare dates like the 1903-O Morgan Dollar, which saw their prices plunge. By the time the halt was called, about $3 million worth of Morgan Dollars remained, which would eventually be distributed by the Government Services Administration (GSA) through a series of auctions.

The majority of the GSA Morgan Dollars were from the Carson City Mint with many of them in uncirculated condition. In some cases, the GSA holdings represented a substantial of the original mintage.

A breakdown of the inventory reveals the following quantities of each date.
•1878-CC: 60,993
•1879-CC: 4,123
•1880-CC: 131,529
•1881-CC: 147,485
•1882-CC: 605,029
•1883-CC: 755,518
•1884-CC: 962,638
•1885-CC: 148,285
•1889-CC: 1
•1890-CC: 3,949
•1891-CC: 5,687
•1892-CC: 1
•1893-CC: 1
The above information was provided from http://morgandollars.net/