1903 (O) Morgan Dollar
Strike Type
Coin Details
Value Estimates
Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
Auction Record
$36,000 MS67+ 01-15-2023 Heritage Auctions
Description
The 1903 (O) Morgan Dollar is a dollar minted at the New Orleans Mint, within the Morgan Dollars 1878-1921 series. With a mintage of 4.5 million, this is a less common issue — ranked 3rd of 4 mint variants by mintage, with 38% of production. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. The 1903-O was unknown in quantity until a Treasury vault release made thousands available, dramatically changing the coin's market status. New Orleans's branch mint, active from 1838 through 1909, produced coins that carry a distinct historical significance tied to the antebellum and postbellum South. Estimated market value ranges from $487 to $1.3K depending on grade and condition. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7286.
External References
Error Varieties(27)
1903-O VAM-1
1903-O VAM-2
1903-O VAM-3
1903-O VAM-4
1903-O VAM-4A
1903-O VAM-5
1903-O VAM-6
1903-O VAM-7
1903-O VAM-8
1903-O VAM-9
1903-O VAM-10
1903-O VAM-11
1903-O VAM-12
1903-O VAM-13
1903-O VAM-13A
1903-O VAM-14
1903-O VAM-15
1903-O VAM-16
1903-O VAM-17
1903-O VAM-18
1903-O VAM-19
1903-O VAM-20
1903-O VAM-21
1903-O VAM-22
1903-O VAM-23
1903-O VAM-24
1903-O VAM-25
Other Strike Types in This Series
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