The 1901‑S Morgan Dollar was minted during a transitional period in U.S. monetary history. While large numbers were struck, far fewer survived than later Philadelphia issues, as many western‑mint Morgan dollars remained in active circulation longer and were heavily used.

San Francisco‑minted Morgan dollars were widely utilized in commerce throughout the western United States—particularly in mining, rail, and port economies—resulting in significant attrition from wear and later melting under the Pittman Act of 1918, which authorized the melting of over 270 million silver dollars, including many earlier San Francisco issues. This example displays honest, even circulation wear with full rims and clear legends, consistent with a Very Fine (VF) condition.

🔍 Condition & Details

• Date / Mint: 1901‑S (San Francisco)
• Design: George T. Morgan
• Composition: 90% silver, 10% copper
• Weight: 26.73 grams
• Actual Silver Weight (ASW): 0.7734 troy oz
• Diameter: 38.1 mm
• Edge: Reeded

Condition Highlights:

• LIBERTY readable on headband
• Strong rims, full date
• Even, natural wear with no harsh cleaning evident
• Eagle and wreath fully outlined on reverse

📈 Survivability & Collectibility

Despite a mintage of over 2.2 million:

• Only a fraction survived government melting
• Circulated survivors like this example represent true historical artifacts, not modern hoard releases
• San Francisco mint issues are especially desirable for collectors building complete Morgan sets

*Priced competitively near Dealer Bid and preserved in three piece slab type holder.