Select Mint State 1884-S Dollar
1884-S $1 MS63 PCGS. Unsurprisingly enough for an issue with
a mintage of 3.2 million pieces, the 1884-S Morgan dollar does
little to distinguish itself in the lower circulated grade.
Starting in the XF range and continuing through the AU grades, it
starts to command a noticeable premium; the 1884-S is hardly on the
same plane of ubiquity as the 1880-S and 1881-S, famous type issues
in the series.
Also unsurprisingly for an issue that was not held back in significant quantities by the government, there is a steep falloff in the number of certified examples between AU and Mint State with a correspondingly steep increase in price. At the Select level, the 1884-S dollar becomes a borderline condition rarity in the denotative sense, and Choice and better examples unquestionably meet the criterion. Of course, for an issue so popular as Morgan dollars, "borderline condition rarity" translates to "astronomical price," especially for high-quality examples within the grade.
A number of Select 1884-S dollars are ho-hum examples, but this coin emphatically is not. The obverse has distinct reflectivity under the light gold-to-gray toning with blue and sage border dotting that is characteristic of both sides. The reverse has more traditional cartwheel luster that is no less vibrant. Liberty's lightly frosted portrait shows a few abrasions, including a short line of shallow reed marks on the cheek and a hidden hairline fault just southeast of the nose, but this coin retains strong eye appeal at every angle. Population: 44 in 63 (1 in 63+), 15 finer (3/13).(Registry values: P9, N7079) (NGC ID# 254P, PCGS# 7156)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
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