Out of the 656,900,590 Morgan dollars that were produced from 1878 through 1921, Brandon from "Jhon E Cash" estimates there are about 10,000 "Rainbow Morgan dollars". This quantity represents any Morgan with even the slightest amount of rainbow colour.
Out of the 10,000 or so "Rainbow Morgans" about 75% (7,500) of them are not even close to being considered monsters. Out of the remaining 2,500, about 75% of those Morgans (1,875), is where we get into the Rainbow Morgan dollars that are actually attractive but many may have something hampering the eye appeal of the coin keeping it from being a monster. I will go through in detail these characteristics. Many people buy coins in this range believing they are the most beautiful coins they have ever seen. The problem is, they have not seen the remaining 625 Morgans out of the original 656 Million + mintage of Morgans that serve as a benchmark for monster and near-monster Morgans. Out of that 625 that are incredibly attractive, only about 200 of them would qualify as a Monster toned Morgan.
|656,900,590||Total Mintage of Morgan Dollars 1878-1921|
|10,000 (.000015%)||Estimation of Toned Morgans in Existence|
|7,500 (.0000114%)||Estimation of Low-End Toned Morgans in Existence|
|1,875 (.0000028%)||Estimation of Medium Toned Morgans in Existence|
|625 (.00000095%)||Estimation of High End Toned Morgans in Existence|
|200 (.00000030%)||Estimation of Monster Toned Morgans in Existence|
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