Morgan silver dollar mintages steadily rose in the 1880s, when silver was still pouring out of the great Western mines. But unlike other coins of the day, many Morgans were held in reserve at banks and issuing mints. And vast quantities of these Morgans were later lost in government melts. So original mintages can be very deceiving in relation to the actual number of Morgans now surviving for individual issues. For example, this 1882 Philadelphia Morgan had an original mintage of 11,100,000. But today fewer than 10% of that number are estimated to survive in our Very Fine quality or better quality.