1884-S Morgan Dollar
Guidelines for Collecting:
1884-S dollars were placed into circulation, which was uncommon for the Morgan dollar series. Usually, large quantities of the series were bagged and stored, only to be released decades later. Some undistributed bags were likely melted under the provisions of the1918 Pittman Act. On the market today, Uncirculated coins are both highly prized and highly priced. In worn grades the issue is more common.
Availability in Circulated Grades:
Many are the circulated 1884-S dollars in the marketplace today with enough EF and AU pieces to satisfy any collector. Most of the mintage saw immediate use in local commerce and the majority of worn specimens seen today are VF or lower.
Availability in Mint State Grades:
In grades of MS-60 to 62 the date presents a serious four-figure challenge to collectors. At MS-63 and above “rarity” becomes the operative word as the value climbs well into the five-figure range, with the value escalating even higher yet in MS-64 or finer.
Availability in Proof:
None produced.
The example to the left was sold by Stack's Bowers Galleries in the Larry H. Miller Collection, where it realized $750,000.
1884-S Morgan Dollar Auction Highlights
 PCGS MS-68, CAC Sold for $750,000 View Lot 6327 |  PCGS MS-63+, CAC Sold for $99,875 View Lot 6074 |  PCGS MS-63, CAC Sold for $82,250 View Lot 10153 |
