1904-S Morgan Silver Dollar. MS-66 (PCGS).This is an outstanding Gem example of an issue that is scarce even in lower Mint State grades. Dusted with delicate golden-gray iridescence, both sides exhibit a smooth satin texture that is sure to please even the most discerning numismatist. Boldly struck and carefully preserved, this coin belongs in the finest silver dollar cabinet. The 1904-S is one of the most elusive Morgan dollars in all grades, as much of the mintage of 2,304,000 pieces was likely melted pursuant to the terms of the 1918 Pittman Act. Release of coins from federal storage was limited and came to an end during the 1950s, there being none in the Treasury Department releases of 1962 to 1964. A highlight of the extensive Morgan dollar offerings in this sale, and sure to see spirited bidding among astute collectors.
