1883-S Morgan Silver Dollar. MS-66 (NGC). Offered is an exceptional condition rarity for this often overlooked issue in the early San Francisco Mint Morgan dollar series. A lovely Gem Mint State coin, both sides are highly lustrous with only the lightest silver and champagne-gold iridescence. Otherwise satin to softly frosted in finish, the fields reveal modest semi-reflectivity. It is fully struck, as typical for the issue, but far smoother and more carefully preserved than the vast majority of 1883-S silver dollars.<p>Although often overshadowed by the 1884-S, the 1883-S is highly elusive in Mint State. While the mintage was 6,250,000 pieces, the 1883-S is one of the few Morgan dollars that saw active circulation beginning in the 19th century. Indeed, worn survivors are available with ease. On the other hand, Mint State survivors are scarce in todays market. While many examples emerged from federal holdings in the 1950s and 1960s, these were quickly absorbed by contemporary collectors. No other significant quantities were found apart from a partial bag in the estate of LaVere Redfield. The coins from both the Redfield hoard and the Federal holdings seemed to average about MS-63. The issue becomes incredibly scarce in Gem Mint State, with only about 100 coins known, most certified examples of which are at the MS-65 level. In MS-66 and MS-67, the 1883-S is unobtainable by all but a handful of the most advanced Morgan dollar enthusiasts. Clearly this is an important bidding opportunity that is not likely to be repeated any time soon. From the Larry H. Miller Collection. From the Larry H. Miller Collection.