1886-O New Orleans Morgan Silver Dollar, About Uncirculated. Just 1% of this issue's mintage is estimated to remain today. Mint-state specimens sell for about $2,750! You'll pay well below one-tenth of that price for this one-step lower About Uncirculated quality. In 1886, the New Orleans Mint struck nothing but Morgan silver dollars, but relatively few seem to have been kept in storage or a phenomenally high proportion were lost in later melts. Brilliant Uncirculated specimens are notoriously tough to find, which puts added pressure on circulated grades. This About Uncirculated quality — one step below BU — features original mint luster with traces of wear only at the highest points.