1 Dollar 'Morgan' - Zombie Hobo

A "Zombie Hobo" is collector slang for a Morgan dollar that was altered after minting — typically acid-treated or carved — to transform the portrait into a grotesque or skeletal figure. These are not genuine varieties or mint errors but deliberate post-mint folk art pieces, sometimes called "hobo nickels" by analogy, though the practice was applied across denominations. The 1899 Philadelphia issue had a mintage of just 330,000, the lowest of any Philadelphia Morgan dollar, making the choice of date for alteration either deliberate or coincidental depending on the piece.