The 1892-S Morgan Dollar is a key date in the Morgan Dollar series, known for its widespread circulation. Most coins from this year were well-crafted and featured clear designs. While it’s tough to find uncirculated examples, the ones that do exist are often shiny and beautifully struck.
Unfortunately, many of these coins show some degree of toning, which can sometimes detract from their appeal. In total, the San Francisco Mint produced 1,200,000 Morgan Dollars in 1892, creating 100,000 coins each month throughout the year.
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1892-S Morgan Dollar Production Breakdown
- January: 100,000 struck
- February: 100,000 struck
- March: 100,000 struck
- April: 100,000 struck
- May: 100,000 struck
- June: 100,000 struck
- July: 100,000 struck
- August: 100,000 struck
- September: 100,000 struck
- October: 100,000 struck
- November: 100,000 struck
- December: 100,000 struck
Total: 1,200,000 coins
Market Overview and Notable Coins
For many years, the 1892-S Morgan Dollar wasn’t widely available, especially in Mint State (MS) condition. This scarcity makes it common in circulated grades but rare in uncirculated ones.
In February 1951, a dealer named Harry W. Bason advertised 74 different Morgan Dollars, including the 1892-S, priced at $12.50 each.
- Current prices:
- Circulated coins: $75 for worn specimens, up to $500 in Extra Fine condition.
- Mint State coins can range from tens of thousands to hundreds of thousands of dollars, depending on their condition.
Only one PCGS coin has been graded at the top population grade of MS68 since 2005. As of October 2024, only four coins have been certified as MS65, with ten others graded higher.
Top Population Grades
- PCGS MS68: 1 coin
- NGC MS67: 5 coins
- CAC MS67: 3 coins (0 stickered, as of October 2024)
Notable Sales:
- MS68: Sold for $630,000 in November 2020.
- MS67+ CAC: Sold for $552,000 in August 2022.
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Coin Specifications
- Country: United States of America
- Year: 1892
- Denomination: One Dollar (USD)
- Mintmark: S (San Francisco)
- Mintage: 1,200,000
- Alloy: .900 Silver, .100 Copper
- Weight: 26.73 g
- Diameter: 38.10 mm
- Edge: Reeded
- Designer: George T. Morgan
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.