1893-S Morgan Silver Dollar. AU-50 (PCGS). Brilliant surfaces retain both overall sharp striking detail and much of the original satin luster. A bright, flashy, conditionally scarce survivor of this popular key date Morgan dollar, the second most desirable Morgan after the Proof-only 1895. Only a few thousand examples are thought to exist in all grades which includes just a few hundred AU specimens and a few dozen Mint State pieces. The 1893-S has the lowest production figure in the circulation strike Morgan dollar series; only 100,000 examples were minted. The issue was represented by only a few coins in the Treasury hoard distributed during the 1960s. By inference, nearly all of the Mint State examples that were stored in Treasury vaults during the early years of the 20th century were melted pursuant to the provisions of the Pittman Act of 1918, at which time more than 270 million silver dollars were reclaimed into bullion. PCGS# 7226. NGC ID: 255U.
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