1893-S $1 Morgan Silver Dollar PCGS XF40 (CAC) - The King of Morgan Dollars!

Take advantage of this quite rare opportunity to acquire one of the most sought-after issues in numismatics. David Hall writes, "The 1893-S is the true 'King' of the Morgan dollar series. The PCGS Coin Facts Board of experts estimated survival number for all grades is 9948. Dave Bowers has estimated that 6000 to 12,000 survive and I think those numbers are probably accurate. There are probably as many as 10,000 1893-S dollars in all grades." PCGS has graded 527 in XF40 with 922 finer. In CAC, there are 52 in XF40 with 65 finer.

Artist-engraver George T. Morgan, who crafted the design for this famous series.

Paul Green, writing in Numismatic News, has a unique take on this issue: "Basically the 1893-S has become an extraordinary Morgan dollar the old-fashioned way: by being very low mintage and by not being saved. It appears to not have been heavily melted or hoarded. It simply acted like a coin, which, in the case of many Morgans, was somewhat unusual. As a Morgan dollar that acted like a coin, it certainly deserves some recognition but because it is scarce and the key Morgan in most grades, it will get even more attention than normal."

David Bowers says the 1893 San Francisco issue “is the object of great desire in the Morgan dollar series. No single issue has greater popularity across the board.” When the Treasury Department released Morgan dollars from storage from 1962 to 1964, no bags or small groups were found, but many individual pieces were uncovered in circulated grades. Bowers warns that “many fake 1893-S dollars exist. Absolutely and positively do not buy any ‘1893-S’ dollar that has not been certified by a leading service.”