1893-S Morgan dollar

Key date in the Morgan dollar series Morgan dollar United States One dollar 412 26.73 1.5 38.1 0.09 2.4 Reeding 90.0% Silver 10.0% Copper 1893–1893 San Francisco 100,000 1893-S Morgan dollar obverse.jpg Liberty George T. Morgan 1878 1893-S Morgan dollar reverse.jpg Eagle clasping arrows and olive branch George T. Morgan 1878 The 1893-S Morgan dollar is a United States dollar coin struck in 1893 at the San Francisco Mint. It is the lowest mintage business strike Morgan dollar in the series. The 1893-S is considered to be a key date in the Morgan dollar series: examples of the coin in both mint state and in circulated condition are valuable. The high value of the coin has made it a target for counterfeiters. Many fake 1893-S Morgan dollars have been created. Knowledgeable coin collectors can identify a fake based on the variations in the dies which were used to strike the coins. Background The 1893-S Morgan dollars were struck at the United States San Francisco Mint. Only 100,000 coins were struck, making it the lowest mintage of any business strike Morgan Dollar.Reynolds Greg CAC buys Eliasberg 1893-S Morgan Silver Dollar for $646,250 at auction in Las Vegas https://coinweek.com/cac-buys-eliasberg-1893-s-morgan-silver-dollar-646250-auction-las-vegas/ 11 September 2023 Coin Week 15 October 2015 29 May 2023 https://web.archive.org/web/20230529183919/https://coinweek.com/cac-buys-eliasberg-1893-s-morgan-silver-dollar-646250-auction-las-vegas/ live It is thought that few survived in mint state because the majority of the coins were circulated.1893 S $1 MS https://www.ngccoin.com/coin-explorer/united-states/dollars/morgan-dollars-1878-1921/17226/1893-s-1-ms/ NGC Coin Numismatic Guaranty Company 11 September 2023 31 January 2023 https://web.archive.org/web/20230131072234/https://www.ngccoin.com/coin-explorer/united-states/dollars/morgan-dollars-1878-1921/17226/1893-s-1-ms/ live The coins are struck using blanks which are ninety percent silver. The 1893-S is known as the key date in the Morgan series.Key Date 1893-S Morgan Silver Dollar Offered at GreatCollections https://coinweek.com/key-date-1893-s-morgan-silver-dollar-offered-at-greatcollections/ 11 September 2023 Coin Week 31 May 2019 6 June 2023 https://web.archive.org/web/20230606115141/https://coinweek.com/key-date-1893-s-morgan-silver-dollar-offered-at-greatcollections/ live In the book 100 Greatest U.S. Coins the authors have said the coin is the most valuable of any business strike Morgan dollar.Garrett Jeff Zguth zron 100 Greatest U.S. Coins 2005 Whitman Publishing 99 2nd History One reason few examples of the coin have survived is the Panic of 1893. Amid the failure of United States banks the mints produced fewer coins. Later the 1918 Pittman Act called for many silver dollars to be melted. It is thought that many of the 1893-S Morgan dollars were melted as a result of the Pittman Act. Examples of the coin were also circulated heavily in the Western United States as it was developing. The coin is both rare and valuable and it is collected even in circulated grades.Ivy Steve Howard Ron What Every Silver Dollar Buyer Should Know 1984 Heritage Capital Corporation Dallas, Texas 978-0-933372-01-6 88 https://books.google.com/books?id=tz7K20p4jHcC&dq=most+valuable+coin+1893&pg=PA88 11 September 2023 en 2023-09-15 https://web.archive.org/web/20230915003236/https://www.google.com/books/edition/What_Every_Silver_Dollar_Buyer_Should_Kn/tz7K20p4jHcC?hl=en&gbpv=1&dq=most+valuable+coin+1893&pg=PA88&printsec=frontcover live Numismatic News has estimated that there are less than 100 1893-S Morgan dollars in uncirculated condition. The two largest coin grading companies, PCGS and NGC, have graded 47 in higher grades.September Long Beach U.S. Coin Auction brings in $18.2 Million https://www.numismaticnews.net/us-coins/september-long-beach-u-s-coin-auction-brings-in-18-2-million 11 September 2023 Numismatic News 17 September 2019 8 December 2022 https://web.archive.org/web/20221208201919/https://www.numismaticnews.net/us-coins/september-long-beach-u-s-coin-auction-brings-in-18-2-million live In 2014 the Eliasberg 1893-S Morgan dollar sold for US$646,250 at auction. It is a Professional Coin Grading Service (PCGS) graded coin in MS-65. In 2021, a PCGS graded 1893-S Morgan dollar in MS-67 sold for US$2,086,875.00.Roach Steve Top 1893-S dollar brings series record $2,086,875 https://www.coinworld.com/news/us-coins/top-1893-s-dollar-brings-series-record-2-086-875-dollars 11 September 2023 Coin World 3 September 2021 29 March 2023 https://web.archive.org/web/20230329201057/https://www.coinworld.com/news/us-coins/top-1893-s-dollar-brings-series-record-2-086-875-dollars live The coin is considered to be the finest known and it is named the Vermeule 1893-S. In March 2023 an 1893-S graded by Numismatic Guaranty Company (NGC), in an MS-64 grade sold for US$372,000.Roach Steve Market Analysis: Uncirculated 1893-S $1 in Heritage sale https://www.coinworld.com/news/us-coins/market-analysis-uncirculated-1893-s-1-dollar-in-heritage-sale 11 September 2023 Coin World 7 March 2023 13 May 2023 https://web.archive.org/web/20230513211251/https://www.coinworld.com/news/us-coins/market-analysis-uncirculated-1893-s-1-dollar-in-heritage-sale live Counterfeits Examples of the coin have been counterfeited: NGC has listed it among the top ten most counterfeited coins. One of the most common methods of counterfeiting the coin involves using adding the letter S to the reverse of a 1893 Morgan dollar from the Philadelphia Mint. The Philadelphia minted Morgan is used because that mint does not have a mint mark.10. 1893-S Morgan Dollar https://www.ngccoin.com/resources/counterfeit-detection/top/united-states/10/ NGC Coin Numismatic Guaranty Company 11 September 2023 30 January 2023 https://web.archive.org/web/20230130002703/https://www.ngccoin.com/resources/counterfeit-detection/top/united-states/10/ live The numismatic magazine Coin World has stated that the United States marketplace has seen the introduction of thousands of fake 1893-S Morgan dollars. The magazine has said the counterfeiters have used dies which were made using real Morgan dollars. They have also used the correct composition of metals in the coins so that they are more difficult to detect.Fahey Michael Identifying a fake key-date 1893-S Morgan dollar https://www.coinworld.com/news/us-coins/1893-s-morgan-dollar-counterfeit-dies.html 11 September 2023 Coin World 28 October 2016 8 December 2022 https://web.archive.org/web/20221208101127/https://www.coinworld.com/news/us-coins/1893-s-morgan-dollar-counterfeit-dies.html live Knowledgeable collectors can detect a fake because all 1893-S Morgans were struck using the same obverse die, and only two different reverse dies. The dies have specific variations which counterfeiters have not incorporated into their fakes.St. Julien Paul How to Spot a Fake 1893-S Morgan Silver Dollar https://coinparade.co.uk/how-to-spot-a-fake-1893-s-morgan-silver-dollar/ 11 September 2023 Coin Parade 21 June 2017 27 June 2022 https://web.archive.org/web/20220627141902/https://coinparade.co.uk/how-to-spot-a-fake-1893-s-morgan-silver-dollar/ live See also List of most expensive coins References External links Coin appraiser: Value of 1893-S Silver Morgan Dollar Money Numismatics United States Category:1893 introductions Category:United States silver coins Category:Silver coins Category:Works by George T. Morgan Category:United States dollar coins