1884-S Morgan Silver Dollar

The 1884-S Morgan silver dollar is a condition rarity, known for its scarcity in high Mint State grades. With a mintage of 3,200,000, many of these coins were circulated or melted under the Pittman Act of 1918.

The finest known example of this coin, graded MS-68 by PCGS, has earned legendary status due to its exceptional preservation and beauty, making it one of the most valuable Morgan dollars ever discovered.

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Historical Context

The 1884-S Morgan dollar was minted at the San Francisco Mint during a time when the federal government faced a large surplus of silver dollars, leading many to be placed into circulation or stored in vaults. Most 1884-S Morgan dollars entered circulation, with few remaining in Mint State condition.

During the early 20th century, some were melted down, and it wasn’t until the mid-20th century that surviving Mint State examples were recognized for their rarity.

The few uncirculated examples that exist today command high premiums, with the finest known piece achieving legendary status in the numismatic world.

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Specifications:

Size: 38.1 millimeters
Denomination: $1
Gross Weight: 26.73 grams
Actual Silver Weight: Approximately 0.77344 troy ounces of silver
Fineness/Composition: 90% silver, 10% copper
Diameter: 38.1 millimeters
Thickness: Not listed
Specific Gravity: Not listed

Coin Description:

The obverse of the 1884-S Morgan dollar features a left-facing bust of Liberty, wearing a Phrygian cap adorned with cotton and wheat, symbolizing liberty and agriculture. The reverse showcases an eagle with outstretched wings, holding arrows and an olive branch.

The "S" mintmark, representing the San Francisco Mint, is located below the eagle. The inscriptions include “E Pluribus Unum” on the obverse and “United States of America” and “In God We Trust” on the reverse.

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Cultural and Numismatic Significance:

The 1884-S Morgan silver dollar holds a special place in numismatic history due to its rarity in high Mint State grades. While circulated examples are relatively common, Mint State coins—especially those graded MS-65 or higher—are extremely rare. The finest known 1884-S Morgan dollar, graded MS-68 by PCGS, is widely regarded as the pinnacle of Morgan dollar collecting, commanding immense interest and high prices at auctions. This coin’s unique history and connection to the San Francisco Mint make it a cornerstone of any serious Morgan dollar collection.

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Numismatic Value:

Circulated examples of the 1884-S Morgan dollar can range in value from a few hundred to several thousand dollars, depending on the grade. However, in Mint State, especially in grades MS-65 and higher, values soar.

The finest known example, graded MS-68 by PCGS, has achieved auction records well into six figures, with similar high-grade coins commanding similarly impressive sums. The auction record for an 1884-S Morgan dollar stands at $575,000.

Free Appraisal With No Obligation To Sell

Take the first step toward selling your silver coins by getting a free appraisal today. Our process is designed to be transparent, convenient, and stress-free, giving you the confidence to sell your coins when you’re ready.

At Coinfully, we’re committed to helping you get the most for your silver coins—all from the comfort of your home.

Frequently Asked Questions (FAQs)

How do I know I’m getting a fair price for my silver coins?

At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of silver, including the silver content of your coins, and the numismatic value of collectible coins. We provide a detailed explanation of how we arrive at your offer, ensuring that you’re fully informed and confident in the price you receive.

Is my shipment insured when I send my coins to Coinfully?

Yes, we provide full insurance coverage for your shipment. Whether you’re sending silver bullion coins, junk silver coins, or American Silver Eagle coins, your coins are protected throughout the entire shipping process, giving you peace of mind that your valuable items are safe.

What types of silver coins does Coinfully buy?

We buy all types of U.S. silver coins, including American Silver Eagle coins, silver dollar coins, silver bullion coins, junk silver coins, and other collectible coins. No matter the type or condition, we’re interested in purchasing your coins, whether you’re looking to sell silver coins for melt value or as collectible items.

What if I’m not ready to sell after receiving an appraisal?

There’s no obligation to sell your coins after receiving an appraisal from Coinfully. We offer a free, no-pressure appraisal service to help you understand the value of your collection. You can decide to sell when you’re ready, without any pressure from us.

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