1893-S $1 Morgan Silver Dollar, PCGS VG10 - King of the Morgan Dollars

Paul Green, writing in Numismatic News, has a unique take on this issue: "Basically the 1893-S has become an extraordinary Morgan dollar the old-fashioned way: by being very low mintage and by not being saved. It appears to not have been heavily melted or hoarded. It simply acted like a coin, which, in the case of many Morgans, was somewhat unusual. As a Morgan dollar that acted like a coin, it certainly deserves some recognition but because it is scarce and the key Morgan in most grades, it will get even more attention than normal." David Bowers says the 1893 San Francisco issue “is the object of great desire in the Morgan dollar series. No single issue has greater popularity across the board.” When the Treasury Department released Morgan dollars from storage from 1962 to 1964, no bags or small groups were found, but many individual pieces were uncovered in circulated grades. Bowers warns that “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.”