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This exceptionally scarce Morgan dollar is challenging in all grades, and it boasts the lowest mintage of all circulation strikes in the series. It is certainly rare in all uncirculated levels -- the rarest of all regular-issue Morgan dollars in MS. Amazingly, at least one exists in MS67, with only small handfuls available in each of the lower MS grade points.
A few PLs exist, but DMPLs are virtually unheard of. As with any rare coin, one should be extremely wary when buying a raw example as many counterfeits exist -- certainly many more than the real 1893-S Morgan dollar. Buy certified when possible, especially if unsure of the diagnostics used for determining an authentic 1893-S dollar.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Book Reference
Key to Collecting: The 1893-S is the object of great desire in the Morgan dollar series. No single issue has greater popularity across the board. The majority of known pieces, into the thousands, are in the single grade category of Very Fine. Not G or VG, not EF or AU, but VF. Most such pieces circulated in the American West, and for an appropriate but apparently restricted time, to bring them to this grade. Mint State coins exist. However, among the great Treasury release coins of 1962 through 1964, no bag or even small group was found, although many stray pieces were identified, nearly all in the aforementioned VF grade. 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, and avoid like the plague offerings of uncertified coins “from an old estate” or “from my grandfather’s collection” offered on the Internet. While few will be able to afford a Mint State 1893-S, enough attractive VF coins exist that out there somewhere is one just right for you.
Surface Quality: Usually seen well struck, and even worn pieces are apt to have good detail. The luster is usually deep and rich on Mint State specimens, when they can be found. Prooflikes are in the minority.
Prooflike Coins: About half of the known Mint State coins have a degree of prooflike character.
Mintage and Distribution: Delivery figures by month: January, 100,000; February– December, 0. Tens of thousands of 1893-S dollars went into circulation. However, those of 1893-S are almost all VF. A strong clue is provided by the experience of dollar specialist E.S. Thresher, who in The Numismatist, July 1925, said that despite years of looking, he had not found an 1893-S. I can envision a scenario in which, sometime after 1925, tens of thousands were turned loose in circulation in the Rocky Mountain states, routinely used, and not numismatically noticed. This would neatly explain the VF concentration. Apart from 20 Mint State coins said to have been found in a bag in Great Falls, Montana, and reported by Wayne Miller, I do not know of any group of high-grade coins found in the 1950’s or later. However, Walter Breen reported that Harry Warner, once active in the bulk sale of silver dollars, had handled a full bag. If so, then we may all be surprised and delighted someday if these appear (for the present the availability estimates in this book do not consider these).
VARIETIES:
There is just one die pair known, distinguished by having a very tiny raised diagonal die line on the crossbar of the T of LIBERTY.
Catalog Information
GSID:
7614
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1893
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1893-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
100,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7226
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Coin Value History
1893-S $1 MS
Value By Grade
1893-S $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$2,664,000 | $1,234 |
| MS67 | - | $2,220,000 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
| P1 |
|
$1,234 | $1,234 |
| P1 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1893-S Morgan Silver Dollar. F-12 (PCGS).
$60
1893-S $1 VF30 NGC. ...
$9,150
1893-S $1 VF35 PCGS. ...
$11,590
1893-S $1 VG8 ANACS. ...
$4,636
1893-S $1 AU50 PCGS....
$27,600
1893-S $1 VG10 PCGS....
$4,680
1893-S $1 -- Cleaned -- PCGS Genuine. VF Details....
$5,280
1893-S $1 XF40 PCGS....
$13,800
1893-S $1 Good 4 PCGS....
$5,520
1893-S $1 AU55 PCGS. CAC. VAM-2. ...
$69,000
1893-S $1 XF45 PCGS. VAM-2....
$15,000
1893-S $1 AU58 NGC. The rarity of the 1893-S Morgan dollar in Mint State is one of the more well known truths of the series...
$78,000
1893-S PCGS G-6
$3,658
1893-S $1 VF25 PCGS....
$7,200
1893-S $1 Fine 15 NGC....
$5,040
1893-S $1 AU53 PCGS....
$28,800
1893-S $1 AG3 NGC. Mintage 100,000. ...
$2,640
1893-S $1 Poor 1 PCGS. PCGS Population: (4/7656). Mintage 100,000. ...
$4,560
1893-S $1 Fair 2 PCGS. PCGS Population: (40/7577). Mintage 100,000. ...
$2,340
1893-S $1 MS63 PCGS....
$276,000
Greysheet News
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8/8/2024
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7/25/2024
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The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.
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