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    1893-S Morgan Dollar, MS62
    The Series Key
    An Absolute and Condition Rarity

    1893-S $1 MS62 NGC. From a series-low circulation strike mintage of 100,000 pieces, the 1893-S Morgan dollar remains in strong demand, regardless of grade or market fluctuations. Most of the small mintage was released into commerce at the time of issue, although some examples held in government storage were undoubtedly lost to massive melting of silver dollars under provisions of the 1918 Pittman Act. Today, the vast majority of 1893-S survivors run the gamut from Fair to About Uncirculated condition, with only about 12,000 gradable examples estimated to survive in all grades.

    Understandably, the 1893-S was virtually absent in the Treasury releases of the early 1960s, and the issue is definitively rare in Mint State grades as a result. Most of the Uncirculated examples yield from a single hoard of about two dozen Uncirculated 1893-S pieces, found mixed in with a bag of freshly minted 1894-S dollars. The bag was likely packaged early in 1894, with the '93-S coins included as leftovers from the previous year's dies. The bag that was eventually acquired from a Montana bank more than 50 years ago, and the surprising 1893-S pieces it miraculously harbored have long since been dispersed.

    Q. David Bowers correctly notes "there are more 1895 dollars in existence in Proof-60 or better grade than there are 1893-S dollars in MS-60 or better preservation," leaving little doubt about the most challenging of all Morgan dollars to acquire in Mint condition. We handle no more than two to five Uncirculated 1893-S dollars in any single year, and often more than a year goes by without a single offering.

    This pleasing MS62 specimen displays sharply defined design elements and minimally marked surfaces. Liberty's cheek and neck are unmarked. The fields are partially reflective and almost as unblemished as Liberty's cheek. A few delicate hairlines reside beneath an attractive dappling of bluish-gray toning, perhaps the sole grade-limiting factor given the coin's overall surface quality and eye appeal. This 1893-S will be a welcome addition to any high-grade set of Morgan dollars, and there will be no shortage of bidders vying to place it as the capstone of their collection. Census: 7 in 62, 15 finer (12/19).(Registry values: P10, N7079)

    Coin Index Numbers: (NGC ID# 255U, PCGS# 7226)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    View Certification Details from NGC

    Auction Info

    Auction Dates
    February, 2020
    20th-23rd Thursday-Sunday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
    Page Views: 3,692

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