1899-S $1, PL MS64PL Certification #84753069, PCGS #7263

CoinFacts Details

Owner's Comments

CAC

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 #

7263

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	725	R-5.5	52 / 117 TIE	52 / 117 TIE
All Grades	725	R-5.5	52 / 117 TIE	52 / 117 TIE
60 or Better	160	R-7.4	54 / 117	54 / 117

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	725
All Grades	725
60 or Better	160

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-5.5
All Grades	R-5.5
60 or Better	R-7.4

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	52 / 117 TIE
All Grades	52 / 117 TIE
60 or Better	54 / 117

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	52 / 117 TIE
All Grades	52 / 117 TIE
60 or Better	54 / 117

Condition Census Learn More

Pos	Grade	Pedigree and History
1	PCGS MS67PL	As PCGS MS67PL #50002973. "The Anne Kate Collection," Bowers and Merena, August 2006, Lot 2267 - $21,275; "The Larry H. Miller Collection," Stack's Bowers, November 12, 2020, Lot 6380 - $28,800. As PCGS MS67PL #40684314. Legend Rare Coin Auctions, October 28, 2021, Lot 471 - $36,425; "The Magnificent Morgans Collection" (PCGS Set Registry). Fully brilliant, save for two dark olive toning spots on Liberty’s chin. Highly reflective surfaces with minimal abrasions.
1	PCGS MS67PL	Graded in 1999. No public auction records.
3	PCGS MS66PL	Faint golden patination. A mark on Liberty’s cheek and a rim hit above the portrait. A russet toning spot is visible to the right of the eagle’s right wing.
3	PCGS MS66PL	Faint golden patination.
5	PCGS MS65+PL	Heritage Auctions, February 16, 2017, Lot 4727 - $3,055. Brilliant. Two heavy rim hits are visible at 12 o'clock, directly below E · P in E · PLURIBUS.

#1 PCGS MS67PL

As PCGS MS67PL #50002973. "The Anne Kate Collection," Bowers and Merena, August 2006, Lot 2267 - $21,275; "The Larry H. Miller Collection," Stack's Bowers, November 12, 2020, Lot 6380 - $28,800. As PCGS MS67PL #40684314. Legend Rare Coin Auctions, October 28, 2021, Lot 471 - $36,425; "The Magnificent Morgans Collection" (PCGS Set Registry). Fully brilliant, save for two dark olive toning spots on Liberty’s chin. Highly reflective surfaces with minimal abrasions.

#1 PCGS MS67PL

Graded in 1999. No public auction records.

#3 PCGS MS66PL

Faint golden patination. A mark on Liberty’s cheek and a rim hit above the portrait. A russet toning spot is visible to the right of the eagle’s right wing.

#3 PCGS MS66PL

Faint golden patination.

#5 PCGS MS65+PL

Heritage Auctions, February 16, 2017, Lot 4727 - $3,055. Brilliant. Two heavy rim hits are visible at 12 o'clock, directly below E · P in E · PLURIBUS.