Eight 1886-O Morgan Silver Dollars, Approximately Very Fine Condition. The branch U.S. mint in New Orleans struck only Morgan silver dollars in 1886, and produced over 10 million of these classic 90% silver coins. However, a large percentage of the coins must have gone to the melting pot under terms of the 1918 Pittman Act. Lower Circulated grades can be found without difficulty, but the 1886-O Morgan becomes exceedingly scarce in the higher Uncirculated grades - a great challenge to find