1900-S Morgan Silver Dollar. MS-67 (PCGS). CAC.

Highly lustrous with a satiny texture, luxurious surfaces are enhanced by soft powder blue and champagne-apricot iridescence around the obverse periphery and throughout the reverse. Boldly struck from the dies with an uncommonly smooth appearance for this turn-of-the-century San Francisco Mint issue. Among the finest of just 3.5 million struck, with none seen in a higher grade at either PCGS or CAC. The 1900-S tells a familiar story for a circulation strike Morgan dollar issue. Few were needed in commerce at the time of production, and most examples went into government storage. Undoubtedly, many were melted during World War I, but those that survived began to trickle out in the 1930s, 1940s and 1950s. Many of the coins from these earlier releases ended up acquiring wear, especially through use in Nevada casinos. Those that emerged during the Treasury Department silver dollar releases of 1962 to 1964 went primarily into numismatic hands, however, accounting for the majority of Mint State survivors. Plentiful in lower grades, the 1900-S is a prime condition rarity in Superb Gem Uncirculated, as offered here.

PCGS# 7270. NGC ID: 256H.

From the Martin/Yuen Family Collection. Earlier from Heritage's Dallas Signature Auction of October 2016, lot 3247.