Ex California, as noted on the insert. The present 93-O Morgan is of VERY CHOICE quality, with distinct claims to a GEM category. Shimmering satiny mint frost has some cartwheel effect as you rotate the surfaces in a light. Slight weakness, as typically seen in the central portions of the design are as expected for this KEY date. A tiny bag mark or two are all that keep this highly alluring coin from an even higher grade. A pearlescent blush of champagne is gently dusted on the brilliant silver surfaces. Struck during the Panic of 1893, one of the most severe economic downturns of the 19th century, the 93-O dollar had a small mintage of 300,000 and precious few escaped the ravages of extensive circulation. Quite scarce in all lower Mint State grades, and extremely RARE in GEM. PCGS 103, NGC 37, CAC 17. PCGS has graded 7 in MS64+ and just 7 finer. The most recent PCGS MS64+ CAC sold for $36,000 in January 2021. The current PCGS Price Guide value is listed at $38,500 and any GEM will cost well into the six figures (the only PCGS MS65 to sell in auction brought $152,750 in the June 2012 sale of the Anne Kate Collection and the single finest PCGS MS65+ CAC sold for $228,000 in August 2021. Expect strong bidding for this borderline GEM when it crosses the block! Cert. Number 35820263 PCGS # 7224