The 1884-O Morgan dollar had a mintage of over 9.7 million pieces. Many of those survived in uncirculated condition in Treasury vaults. Due to the survival of many examples in original bags, this issue is quite common in mint state through gem
Toned Morgan Dollars are often coins that a collector keeps after selling almost everything else from his or her collection because they are extremely beautiful and often irreplaceable. No two toned Morgans are exactly alike, and if you ever find yourself in possession of one, you’ll likely find that it’s difficult to put down. There are millions of blast white Morgan Dollars in existence, but only a few hundred toned Morgans with the exceptionally beautiful colors that collectors cherish. Unfortunately, back in the 60s, 70s, and even 80s, dealers used to dip these coins to remove the toning because the market hadn’t yet recognized their beauty. Most of the remaining high-end examples are not only spectacular, but they have amazing histories and pedigrees of past collections that they have been a part of. It seems natural that an avid numismatist also has a knack for history, and the history behind toned Morgans is amazing. Just imagine tracing a Morgan back through past owners to the very person who originally discovered it in a bank bag!
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