1903-S Morgan Dollar

The 1903-S Morgan dollar is one of the rarer and more valuable coins in the Morgan silver dollar series, minted at the San Francisco Mint.

Known for its beautiful design and high silver content, this coin holds special appeal for collectors due to its rarity and numismatic significance.

Many of the coins were melted under the Pittman Act in 1918, adding to its scarcity today.

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Historical Context

Designed by George T. Morgan, the 1903-S Morgan dollar was produced at the San Francisco Mint. The series ran from 1878 to 1904 and briefly in 1921.

The mintage for the 1903-S was only 613,000, making it one of the lower production years. Many of these coins were melted during the implementation of the Pittman Act, contributing to its rarity in high grades today.

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Specifications:

Size: Silver dollar
Denomination: $1
Gross Weight: 26.73 grams
Actual Silver Weight: 0.77344 troy ounces
Fineness/Composition: 90% silver, 10% copper
Diameter: 38.1 millimeters
Thickness: 2.4 millimeters
Specific Gravity: N/A

Coin Description:

The obverse features Liberty facing left, adorned with a Phrygian cap and a wreath of cotton and wheat in her hair, representing agricultural abundance. The surrounding inscription reads "Liberty," along with the motto "E Pluribus Unum" and the year 1903.

On the reverse, an eagle with outstretched wings is encircled by a wreath, with the motto "In God We Trust" above and "United States of America" and "One Dollar" inscribed around the edge. A small "S" mintmark is located below the eagle, denoting its San Francisco origin.

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Cultural and Numismatic Significance:

The Morgan dollar series is highly prized among collectors, and the 1903-S is no exception due to its rarity, particularly in higher grades. The coin is sought after for its historical significance, representing an era of American prosperity and expansion. Its scarcity, especially in mint condition, makes it a valuable acquisition for numismatists. High-end collectors especially prize Mint State specimens for their sharpness and luster.

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Numismatic Value:

The value of a 1903-S Morgan dollar depends on its condition. In About Uncirculated (AU) condition, the coin can fetch upwards of $1,000, while a Mint State (MS-63) coin could command significantly more due to its sharp details and lack of wear. Lower-grade examples are still valued but are more affordable. Coins with fewer bag marks and better luster typically reach higher prices.

Free Appraisal With No Obligation To Sell

Take the first step toward selling your silver coins by getting a free appraisal today. Our process is designed to be transparent, convenient, and stress-free, giving you the confidence to sell when you’re ready.

At Coinfully, we’re committed to helping you get the most for your silver coins—all from the comfort of your home.

Frequently Asked Questions (FAQs)

How do I know I’m getting a fair price for my silver coins?

At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of silver, including the silver content of your coins, and the numismatic value of collectible coins. We provide a detailed explanation of how we arrive at your offer, ensuring that you’re fully informed and confident in the price you receive.

Is my shipment insured when I send my coins to Coinfully?

Yes, we provide full insurance coverage for your shipment. Whether you’re sending silver bullion coins, junk silver coins, or American Silver Eagle coins, your coins are protected throughout the entire shipping process, giving you peace of mind that your valuable items are safe.

What types of silver coins does Coinfully buy?

We buy all types of U.S. silver coins, including American Silver Eagle coins, silver dollar coins, silver bullion coins, junk silver coins, and other collectible coins. No matter the type or condition, we’re interested in purchasing your coins, whether you’re looking to sell silver coins for melt value or as collectible items.

What if I’m not ready to sell after receiving an appraisal?

There’s no obligation to sell your coins after receiving an appraisal from Coinfully. We offer a free, no-pressure appraisal service to help you understand the value of your collection. You can decide to sell when you’re ready, without any pressure from us.

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