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1900-S $1 Morgan Silver Dollar

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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)

Coinage Context

Into storage: At the time of mintage, the demand for 1900-S dollars was minimal, and many went into government storage.

Numismatic Information

Two reverse hubs: In 1900, both C-3 and C-4 reverses (see description under 1900 Philadelphia dollars) were employed in San Francisco. The varieties are significantly different, but to this day only relatively few collectors have had both varieties in their holdings. The advent of the new third edition of the Van Allen and Mallis book, released in September 1992, will undoubtedly spur interest. This useful volume was out of print for a decade earlier, and virtually a new generation of collectors and investors has come into the market since that time, and have not had the book to use.

Hoard coins: Vast quantities of 1900-S dollars were stored at the San Francisco Mint. These were paid out over a period of years in the late 1930s, 1940s, and 1950s. Many went to Nevada casinos in the latter decade.

In the 1962-1964 period, many additional bags were released. By the time that the government stocks were exhausted, 1900-S was a plentiful coin in the hands of investors, dealers, and the public.

Circulated grades: In worn grades, the 1900-S is fairly scarce. AU coins turn up with some frequency, however, and are probably coins paid out in the West in the 1940s and 1950s.

Mint State grades: Specimens are readily available from the Treasury release. Most are in lower grades from MS-60 through 62, at which level I estimate 20,000 to 30,000 are known, followed by 10,000 to 18,000 at the MS-63 stage. MS-64 coins are about twice as hard to find and number 5,000 to 10,000, while MS-65 or better pieces, of which 1,250 to 3,500 are estimated to survive, are scarcest of all.

Some coins show parallel striae or lines on the planchet, from the drawing bench step in the planchet preparation process. Strike on 1900-S dollars varies from flat to average to sharp. Most have attractive frosty lustre. Cherrypicking will reward the buyer. As noted, those from the C-4 reverse are not as sharply defined, as the hub was not as detailed as C-3. As such, a "weakly struck" C-4 may be normal C-4; make an inspection to tell the difference.

Prooflike coins: Prooflike coins remain to the extent of several thousand coins, most of which are unattractive in appearance. The Redfield estate (1976) is said to have had several hundred with subdued lustre and/or spotting, possibly from exploding cans of peach juice once stored near the dollar cache. DMPL specimens are about a dozen times harder to find than PLs. Most DMPLs are in lower grades. The "Proofs" offered by the Pukalls (The Numismatist 2/47, 10/53) were probably DMPLs.
Varieties

OLD REVERSE HUB: NARROW WING/NECK SPACE, SMALL STARS
VAM C-3 REVERSE

Circulation strikes:

1. Narrow S. Breen-5674, VAM-1. Common from hoard coins. Probably most of the 35 pairs of dies were not used; certainly few old reverses were.

2. Wide S. Breen-5676. VAM-2, 4, latter with doubled 00. Much more often seen with new reverse over old reverse (below).
3. Narrow S mintmark over wide S. VAM-3A. A wide S mintmark was punched over a slightly doubled narrow S on a die that had already been used, indicating that the San Francisco Mint must have had its own supply of S punches (alternatively and less likely, the die was returned to Philadelphia for reprocessing, then sent back to San Francisco). Walter H. Breen suggested that all three S mintmarks are of the same size, and the mintmark is simply triple punched. (Thomas K. DeLorey also believes this is a triple-punched mintmark. Letter to the author, November 13, 1992

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170422812

Product Key Features

Strike Type
Business
Mint Location
San Francisco, San Francisco, California
Composition
90% Silver, 10% Copper
Year
1900

Dimensions

Weight
26.73g

Additional Product Features

Mintage
354
EDGE
Reeded
Mint
San Francisco
Denomination
$1
PCGS Number
7270
Diameter
38.1mm
Mint Mark
S

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1900-S $1 Morgan Silver Dollar

About this product

Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

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