1899-S $1, DMPL MS64DMPL Certification #34591105, PCGS #97263

CoinFacts Details

Expert Comments

Charles Morgan

The 1899-S Morgan Dollar

The San Francisco Morgan Dollar issues, so plentiful in Gem Mint State during the early years of the series, become quite elusive throughout the 1890s and early 1900s. The San Francisco Mint struck 2,562,000 1899-S Morgan Dollars (PCGS #7262), but over 1,000,000 were eventually culled via the Pittman Act and private melts.

1899-S Morgan Dollar Production
January	336,000	February	336,000
March	550,000	April	284,000
May	500,000	June	510,000
July	46,000	August-December	None
		Total: 2,562,000

Production focused almost entirely on the first six months of the year, followed by a final trickle of 46,000 coins in July. From the total mintage, only 609,534 coins were released into circulation; the remainder was held in storage. This explains why so many were available for melting and why the date is so rarely encountered in circulated grades.

Collecting the 1899-S Morgan Dollar

Despite this scarcity, the 1899-S Morgan Dollar is characterized by high quality; most Mint State examples feature a sharp strike and retain excellent luster. Many coins exhibit Prooflike surfaces, which explains why PL examples command little to no premium. Deep Mirror Prooflike (DMPL) specimens, however, command a 3x premium through the PCGS MS64 grade and can reach 10x the value in higher grades.

Vintage Market Snippets

A steady stream of 1899-S Morgan Collar bags was released by the San Francisco Mint from 1942 through the mid-1950s. By the peak of the Treasury releases (1962–1964), this stockpile was nearly exhausted, as evidenced by the date’s scant representation in the Redfield Hoard. Q. David Bowers posits that the 1899-S Dollars Redfield did possess were likely sourced from 1950s casino shipments.

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PCGS #

97263

Designer

George T. Morgan

Edge

Reeded

Diameter

38.10 millimeters

Weight

26.73 grams

Mintage

2562000

Metal

90% Silver, 10% Copper

Pop Higher

Pop Lower

Region

The United States of America

Price Guide

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	138	R-7.6	39 / 117 TIE	39 / 117 TIE
All Grades	138	R-7.6	40 / 117	40 / 117
60 or Better	18	R-9.2	32 / 117 TIE	32 / 117 TIE

Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
65 or Better	138
All Grades	138
60 or Better	18

Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
65 or Better	R-7.6
All Grades	R-7.6
60 or Better	R-9.2

Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
65 or Better	39 / 117 TIE
All Grades	40 / 117
60 or Better	32 / 117 TIE

Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	39 / 117 TIE
All Grades	40 / 117
60 or Better	32 / 117 TIE

Condition Census Learn More

Pos	Grade	Pedigree and History
1	PCGS MS66DMPL	Ray Cassano; "The Arno Collection," Heritage Auctions, January 9, 2009, Lot 5055 - $26,450. Faint golden patination on this deeply mirrored gem. A thin mark is hidden above the Star and U in UNUM.
1	PCGS MS66DMPL	"The LeviRanchSet" (PCGS Set Registry).
1	PCGS MS66DMPL
1	PCGS MS66DMPL	Graded in 1994. No public auction data.
5	PCGS MS65DMPL	As PCGS MS65DMPL #5459610. "A Gift of Undeserved Favor Collection," Heritage Auctions, August 1, 2008, Lot 2250 - $27,600. As PCGS MS65DMPL #14289460. Heritage Auctions, April 28, 2019, Lot 3803 - $20,400; Dell Loy Hansen; "The D.L. Hansen Morgan Dollars Prooflike - CAC Collection" (PCGS Set Registry). Brilliant. Faint diagonal streaks appear on Liberty’s jaw. A thin mark is visible below TRU in TRUST, and there is a rim hit below RIC in AMERICA.

#1 PCGS MS66DMPL

Ray Cassano; "The Arno Collection," Heritage Auctions, January 9, 2009, Lot 5055 - $26,450. Faint golden patination on this deeply mirrored gem. A thin mark is hidden above the Star and U in UNUM.

#1 PCGS MS66DMPL

"The LeviRanchSet" (PCGS Set Registry).

#1 PCGS MS66DMPL

Graded in 1994. No public auction data.

#5 PCGS MS65DMPL

As PCGS MS65DMPL #5459610. "A Gift of Undeserved Favor Collection," Heritage Auctions, August 1, 2008, Lot 2250 - $27,600. As PCGS MS65DMPL #14289460. Heritage Auctions, April 28, 2019, Lot 3803 - $20,400; Dell Loy Hansen; "The D.L. Hansen Morgan Dollars Prooflike - CAC Collection" (PCGS Set Registry). Brilliant. Faint diagonal streaks appear on Liberty’s jaw. A thin mark is visible below TRU in TRUST, and there is a rim hit below RIC in AMERICA.