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Inventory:
5 In Stock
- Product ID: 4356
When the New Orleans Mint closed in 1909, bags of 1902-O Morgans were sent to the main mint in Philadelphia and placed in a vault. It wasn't until the 1960's that the vault was opened and the bags were put on the market; not as currency but as collectibles. Since there are so many available to avid collectors, their price stay moderately low. The New Orleans Mint had a short life, being decommissioned soon after the ceased production of the Morgan silver dollar. The Old Mint literally didn't make enough money to stay afloat after the Morgan ceased production. After being decommissioned, the New Orleans Mint was used for other things like an assay office, the US Coast guard office, and even a fallout shelter. Your 1902-O proudly wears the "O" mint-mark and is in very fine condition. This Morgan is affordable in all grades, making it easy on collector's wallets everywhere.