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1898-S $1 Morgan Silver Dollar

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$59.99

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This coin features the iconic design of George T. Morgan, and is composed of 90% silver and 10% copper. The coin has been circulated and is graded as ungraded. The coin is a great addition to any coin collector's collection, and is a piece of United States history.

About this product

Product Information

Q. David Bowers
The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Numismatic Information

Hoard coins: The Treasury Department released numerous bags of 1898-S dollars in the mid-1920s and again in the 1940s and 1950s, primarily from storage in the San Francisco Mint. They had little value as collectors' items in the 1920s, and very little in the1940s and early 1950s either, and were widely dispersed, including to visitors to Nevada casinos. By the time of the 1962-1964 Treasury dispersal, most 1898-S dollars were gone.

Circulated grades: In worn grades 1898-S dollars are common. Many deceptive "sliders" exist and closely resemble low-end Mint State coins.

Mint State grades: In Mint State the 1898-S dollar is readily available, although in higher numerical categories it is somewhat elusive. I estimate that 20,000 to 40,000 survive in MS-60 through MS-62 preservation, 6,000 to 10,000 MS-63, 4,500 to 7,000 MS-64, and only 1,000 to 1,800 MS-65.

Striking varies. Many examples are weak, especially at the center of the obverse. Others are sharp. It will pay you to be picky when buying one of this date.

Prooflike coins: Semi-prooflike coins are plentiful, prooflikes are scarcer, and true DMPLs are about twice as elusive as PLs. Most are in lower Mint State levels and have numerous surface abrasions. As of September 1992, NGC and PGCS certified 53 DMPL coins, of which only one was better than MS-64. The Redfield estate contained several hundred bagmarked prooflikes, from a total quantity estimated to have been less than a thousand Mint State pieces.
Varieties

Circulation strikes:

1. Normal date: Breen-5655. Probably most of the 20 obverses and 15 reverses were used; most varieties are positional; repunchings are not dramatic enough to attract much attention, although the VAM text singles out VAM-6, which has the final S mintmark above an earlier, lower letter, as the most interesting variety of the issue.
Dies prepared: Obverse: 20; Reverse: 15

Circulation strike mintage: 4,102,000; Delivery figures by month: January: 600,000; February: 450,000; March: 500,000; April: 500,000; May: 276,000; June: 44,000; July: none; August: none; September: none; October: 552,000; November: 380,000; December: 800,000.

Estimated quantity melted: Many, probably mostly as worn coins used in various melts.

Availability of prooflike coins: Prooflike coins are fairly plentiful. DMPL coins are somewhat less so and are exceedingly rare if MS-65 or higher. Most have low contrast and are not cameos.

Characteristics of striking: Striking varies. Most are average or better, but some are weak.

Known hoards of Mint State coins: Bags were released over a long period of time, particularly the 1940s and 1950s.

Commentary

The 1898-S, while one of the more common dates, is readily available in lower Mint State levels.

Distribution of Dollars

The Annual Report of the Director of the Mint, 1898, told of dollar distribution during the fiscal year:
San Francisco: In mint July 1, 1897,45,458,000; coinage fiscal year 1898, 3,720,000; total, 49,178,000; in mint July 1, 1898, 48,324,220; total, 48,324,220; distributed from mint, 853,780.

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170416809

Product Key Features

Strike Type
Business
Mint Location
San Francisco, San Francisco, California
Composition
90% Silver, 10% Copper
Year
1898

Dimensions

Weight
26.73g

Additional Product Features

Mintage
412
EDGE
Reeded
Mint
San Francisco
Denomination
$1
PCGS Number
7256
Diameter
38.1mm
Mint Mark
S

All listings for this product

item 1 1898-S $1 Morgan Silver Dollar
$59.99
Free shipping
item 2 1898-S Morgan Silver Dollar - High Quality Scans #E173
$210.69
+$4.90 shipping
item 3 1898-S $1 Morgan Silver Dollar
$100.00
item 4 1898-S $1 Morgan Silver Dollar. 37
$495.00

4.8

4.8 out of 5 stars based on 96 product ratings

96 product ratings

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Most relevant reviews

See all 61 reviews

5 out of 5 stars
by N8R8iYBURf2@Del...Jun 28, 2016
Love these proof-like Morgans!
Proof-likes were the classic, old-timey way of collecting Morgans. It's what all the old timers did when searching bank stashes of Morgan dollars. If you were lucky, some of the coins you'd find would actually be proofs! Since this set takes a lot of time and work to finish, I'm efficiently working on three sets at once. This will be a tiny corner of my broad-based, diversified retirement plan, but it's easily the most fun! This 1898-S fit in perfectly, and I paid no premium over the wholesale value, yet I won a true P-L Morgan... eBay is just the BEST!
Verified purchase: Yes
4 out of 5 stars
by ken1750kenJan 15, 2019
well graded coin
harder to find coin in this grade, only a little over 4 mill. were struck and for the most part softly struck, this coin is better than average.
Verified purchase: Yes
5 out of 5 stars
by goettl2007Jun 18, 2017
100 year old coin
was nice to have a 100 yr old coin that survived 100 years very hard to get well cared for older coins
Verified purchase: Yes
5 out of 5 stars
by kengos-86Aug 04, 2018
BATTING 1000
I placed multiple orders now every time the coins are better than EXPECTED an delivered QUICK Keep up the Good Work your fateful customer Kenny Gosnell
Verified purchase: Yes
5 out of 5 stars
by craftsm1nOct 10, 2018
Nice addition to my collection
High quality coin
Verified purchase: Yes

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Picture 1 of 4

1898-S $1 Morgan Silver Dollar

About this product

Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 1898-S $1 Morgan Silver Dollar

item 2 1898-S Morgan Silver Dollar - High Quality Scans #E173

item 3 1898-S $1 Morgan Silver Dollar

item 4 1898-S $1 Morgan Silver Dollar. 37

Ratings and Reviews

Most relevant reviews

Love these proof-like Morgans!

well graded coin

100 year old coin

BATTING 1000

Nice addition to my collection

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