The 1892 Morgan dollar is a tougher date in all regards, though circulated examples are much easier to locate than uncirculated pieces. This issue is very scarce in MS65 and rare in grades above that. Uncirculated examples are either found with great strike and luster or with flatter strike and dullish appearance. Certainly, the nicer examples garner stronger premiums than those with relatively lesser eye appeal. PLs and DMPLs are scarce in all grades and extremely rare in Gem levels.