This no-mintmark Morgan of the principal mint was struck during the heyday of the popular series. Its mintage of 19.2 million broke the previous individual record for Morgan production. But that original mintage is very deceptive in our day, because a vast number were held in storage at the Treasury, and later melted down during the two world wars. In fact, fewer than 10% of the original production is estimated to survive today in the mint-state quality. Our Brilliant Uncirculated quality has nice original luster and no sign of wear (some bags marks are present, as is normal).