The undisputed key date of the Morgan dollar series, with a tiny mintage of just 100,000 pieces and far fewer surviving today in any collectible grade. This Fine 12 example displays honest, even wear across the high points while retaining strong overall detail and pleasing originality throughout. Soft silver-gray surfaces show natural circulation patina with no major distractions. A problem-free representative of one of the most iconic and sought-after rarities in all of American numismatics.