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    1884-S Morgan Dollar, MS63+
    Key Issue in High Grade
    Conditionally Rare Any Finer

    1884-S $1 MS63+ NGC. The 1884-S Morgan dollar claims an adequate mintage of 3.2 million pieces, but the issue is much more elusive in high grade than the generous production total would suggest. Undoubtedly, most of the mintage was released into circulation near the time of issue, and examples in lower circulated grades are plentiful in today's market. Mint State examples are a different story however, and coins that grade better than MS63 are rare.

    It seems that collectors in the first quarter of the 20th century were not aware of the elusive nature of the 1884-S in high grade. Two coins that appeared in B. Max Mehl auctions in 1914 and 1915 realized only $1.20 and $1.15, respectively. Q. David Bowers reports several bags were released from San Francisco Mint storage in 1926, which were quietly absorbed by the numismatic community and probably reinforced the perception that the coins were not rare. However, the bulk of the government stockpile was likely melted under the provisions of the Pittman Act in 1918, as the numbers released in later years were never large, and the issue attracted little attention over the years.

    Perceptions changed after the Treasury releases of the 1960s. The 1884-S was not well-represented in those sales and series specialists recognized that the issue was scarce in all Mint State grades and rare above MS63. Today, the 1884-S is recognized as an important key to the Morgan dollar series in high grade.

    This Plus-graded Select specimen exhibits sharply detailed design elements, with just a trace of softness on the hair above the ear, due to some striations that were not completely struck out. The surfaces are lightly marked and lightly toned, with vibrant mint luster underneath and a few areas of darker slate-gray toning on the lower obverse. Census: 49 in 63 (1 in 63+), 15 finer (9/20).(Registry values: P9, N7079)

    Coin Index Numbers: (NGC ID# 254P, PCGS# 7156)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    View Certification Details from NGC

    Auction Info

    Auction Dates
    October, 2020
    15th-18th Thursday-Sunday
    Bids + Registered Phone Bidders: 24
    Lot Tracking Activity: N/A
    Page Views: 1,599

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