1896-O Morgan Silver Dollar New Orleans The 1896-O Morgan Silver Dollar is a notable issue from the New Orleans Mint, often cited by numismatists for its characteristically soft strike and distinctive "O" mint mark. Composed of 90% silver ($0.77344$ oz ASW), this coin possesses a substantial intrinsic value given the 2026 silver spot price of approximately $77.35 per ounce. While the 1896-O had a healthy mintage of nearly 5 million, it is surprisingly difficult to find in high grades due to heavy circulation and poor storage practices of the era. This specimen is presented in mid-grade circulated condition (VF/XF), where details in Liberty's hair and the eagle's wings remain visible despite even wear. Due to the current silver market "Melt Floor," this coin carries a higher baseline value than in previous years. Please refer to the photos to evaluate the surface condition and the specific clarity of the mint mark.