1891-S Morgan Dollar, PCGS MS-65

This exceptional example of the 1891-S Morgan dollar represents a significant offering from the San Francisco Mint's substantial production of 5,296,000 pieces. The coin exhibits the hallmarks of quality characteristic of this date: sharp striking and attractive luster throughout. Graded PCGS MS-65 (Certificate #55899119), this specimen ranks among the finer examples known, with only 204 coins graded higher across the entire population of 635 pieces certified by PCGS.

The 1891-S occupies a unique position within the Morgan dollar series due to its complex hoard history. While the date was originally common in lower Mint State grades through extensive Treasury releases in the early 1940s through 1950s, the availability of premium Mint State coins has diminished significantly. Current numismatic research estimates only 1,600 to 2,600 MS-65 specimens exist, making this grade level genuinely scarce. The coin's composition of 90% silver and 10% copper (26.73g, 38.1mm diameter with reeded edge) remains consistent with all circulation strike Morgan dollars of the era.

The 1891-S is notable for its generally well-struck examples and excellent luster, though lower Mint State grades frequently exhibit bagmarks from storage and handling. This MS-65 example avoids such distractions, presenting the sharp definition and eye appeal expected at this grade level. Whether pursuing a type set, date set, or West Coast mint collection, this coin represents a desirable holding of a date that has proven increasingly difficult to locate in premium condition.