This very common, high-mintage Morgan dollar is plentiful in all grades from low-end circulated up through about MS66. However, it does become notably scarce in higher grades and rare above MS67. A tiny number survives in MS68, where pieces sell for extraordinary premiums during bidding wars between registry collectors. Despite huge numbers of typical MS specimens, the population of PLs and DMPLs is disproportionately low, both proving scarce in any grade and rare at MS65 and above.
| coinage-type | Morgan silver dollar |
| desg | MS |
| designer | George T. Morgan |
| diameter | 38.1 |
| edge | Reeded |
| fineness | 0.9 |
| material | 90% silver; 10% copper |
| mintage | 14,070,000 |
| ngc-id | 254L |
| obverse-description | Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom. |
| pcgs-link | 7150 |
| pcgs-number | 7150 |
| reverse-description | The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR. |
| weight-grams | 26.73 |
| weight-ounces | 0.943 |
| year-display | 1878-1921 |