1893-S Morgan Silver Dollar PCGS XF-40

The 1893-S is universally recognized as the key date of the entire Morgan dollar series and one of the most coveted circulation-strike rarities in U.S. numismatics. Struck at the San Francisco Mint during the economic turmoil that followed the Panic of 1893, only 100,000 coins were released—by far the lowest mintage for any business-strike Morgan dollar. Fewer than 10,000 examples are estimated to survive in all grades today, with PCGS tabulating roughly 650 pieces at the XF40 level and just over 5,500 coins in higher grades, underscoring the true scarcity of attractive mid-grade specimens. 

• PCGS Certification #7226.40 / 52696065 – independent third-party authentication and grade guarantee for long-term confidence.
• Extremely Fine 40 detail: sharp legends, full denticles, and well-defined hair lines on Liberty with balanced silver-gray surfaces accented by light champagne highlights.
• Historic Investment Piece – frequently recommended by leading numismatic references as an essential cornerstone for a complete Morgan set.
• 90 % silver / 10 % copper alloy, 26.73 g, 38.1 mm – the classic George T. Morgan design struck on a large silver planchet.

Why This Coin Stands Out

• Lowest-mintage business-strike Morgan: demand consistently exceeds supply, driving strong auction results; a PCGS-certified XF40 realized $7,750 in recent trading. 
• Population pressure: with fewer than 1 % of surviving coins graded AU or better, collector competition for wholesome XF examples remains intense. 
• San Francisco pedigree: the S-mint Morgan dollars are renowned for high-quality strikes, and this legendary issue crowns that lineage.

Add This Iconic Rarity to Your Collection

Whether you’re building a complete Morgan dollar date-and-mintmark set or seeking a blue-chip numismatic investment, this PCGS XF40 1893-S delivers the perfect balance of historical significance, eye appeal, and long-term liquidity. Secure the “King of Morgan Dollars” today and elevate your collection with a coin that epitomizes scarcity, survival, and enduring collector demand.