Q. David Bowers
1897:636
1897-O: 433
1897-S: 649
1898:663
1898-O: 1,258
1898-S: 370
1899: 639
1899-O: 1,427
1899-S: 308
1900:703
1900-O/CC: 341
1900-O: 1,202
1900-S: 363
1901: 139
1901-O: 796
1901-S: 269
1902:253
1902-O: 1,426
1902-S: 393
1903:562
1903-O: 653
1903-S: 57
1904:560
1904-O: 3,025
1904-S: 194
1921: 1,104
1921-D: 614
1921-S: 498
NGC and PGCS MS-60 to 62: Analysis Below are the combined totals of Morgan silver dollars in MS-60 through MS-62 grades, in order from the commonest to the rarest, as reflected by the number certified by NGC and PCGS as of September 1992. This listing is meaningful among the rarer issues, such as 1892-S, 1893-S, and 1895-O, but has relatively little significance among the commoner dates. For example, such issues as 1881-S, 1884-O, 1883-O, and others topping the list exist in Mint State by the hundreds of thousands or more.
For Morgan dollars worth relatively little, say less than $50, such population reports are useful only in a limited sense. This is because the certification cost is too high in relation to the market value. For example, 1881-S dollars in 1992 were worth less than $20 apiece in grades of MS-60, MS-61, and MS-62. Considering that certification costs can often run to $20 per coin or more, relatively few people would certify an 1881-S dollar unless it had a chance at a significantly higher grade, such as MS-65. Undoubtedly, the 6,479 1881-S dollars listed below were mostly certified several years ago when the market was higher. Even so, relatively few were certified even then. In spite of this, in the market in recent times a number of analysts have based their recom-mendations solely upon such data.
1881-S: 6,479 (Most common certified Morgan dollar at this grade level)
1884-O: 4,816
1883-O: 4,586
1885-O: 3,561
1880-S: 3,114
1886: 3,107
1887: 3,076
1904-O: 3,025
1879-S Third Rev. (Rev. of '79): 2,122
1878-S: 1,963
1884-CC: 1,929
1885: 1,850
1883-CC: 1,784
1881-O: 1,678
1878-CC: 1,616
1891-CC: 1,593
1882-S: 1,566
1889: 1,545
1882-O: 1,480
1890: 1,462
1899-O: 1,427
1902-O: 1,426
1896: 1,355
1882-CC: 1,310
1879-O: 1,278
1898-O: 1,258
1900-O: 1,202
1880-O: 1,190
1888: ,1,163
1921: 1,104
1890-O: 1,050
1887-O: 1,042
1888-O: 1,026
1890-CC: 1,013
1885-S: 940
1892-CC: 921
1878 8 TF: 913
1882: 910
1890-S: 895
1891:895
1878 7 TF. Rev. of '78: 881
1880:864
1885-CC: 856
1887-S: 809
1901-O: 796
1879: 785
1879-S Second Rev. (Rev. of '78): 784
1881-CC: 752
1883:731
1893-CC: 729
1880-CC: 718
1889-S: 707
1878 7/0ther TF: 705
1900:703
1892-O: 687
1884:686
1898:663
1903-O: 653
1891-S: 650
1897-S: 649
1899:639
1897:636
1891-O: 629
1881:626
1888-S: 623
1921-D: 614
1883-S: 613
1886-O: 595
1886-S: 582
1889-O: 580
1903:562
1904:560
1921-S: 498
1878-7 TF. Rev. of 79: 475
1893:475
1897-O: 433
1894-S: 431
1892:429
1879-CC: 410
1902-S: 393
1898-S: 370
1900-S: 363
1900-O/CC: 341
1896-O: 335
1899-S: 308
1901-S: 269
1896-S: 261
1902:253
1887/6-O: 249
1893-O: 231
1894:229