April 12, 2012

1889 S American Silver Coins


The 1889 S is designed by George T. Morgan in the diameter of 38.1 millimeter and weight of 26.73 grams. This composed of metal which is 90 percent of silver and 10 percent of copper. It has a circulation strikes mintage of 700,000. The mint mark S is stands for San Francisco that is located the letter S in beneath the bow on the reverse. This American Morgan silver dollar coin is easily obtainable in all grades including the Gem. The proof likes and the deep mirror proof like are very scarce. The most common uncirculated grade is the MS-63 that is followed by the MS-64 and then the MS-62. The optimal collecting grade of this 1889 S is the MS-64. This usually seen fairly struck and typically encountered with excellent luster. Many have proof like surfaces. In 1889 most of these dollars seem to have been moved only within the walls of the San Francisco Mint into the storage vault. Few bags were paid out then many bags in the 1940’s. In the 1950’s bags could be obtained for face value at the mint but there was not a strong demand for them. Many were sent to casinos.
VG-8: $40
AU-50: $125
MS-65: $2,000

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