The world of coin collecting thrives on the allure of discovering rare and historically significant pieces. Among the most coveted coins are those minted in San Francisco, known for their exceptional quality and scarcity. Some of these coins have fetched astronomical prices, with a few commanding as much as $2 million at auction.
Let’s look into some of the most sought-after San Francisco-minted coins and their incredible stories of rarity and value.
1884-S Morgan Silver Dollar
The 1884-S Morgan Silver Dollar is a prime example of a coin whose value has skyrocketed over time.
- Mintage: Approximately 3.2 million coins were produced at the San Francisco Mint in 1884.
- Survival Rate: Most of these coins entered circulation, and many were melted down under the 1918 Pittman Act, leaving few in high-grade condition.
- Notable Sale: In November 2020, an MS-68 graded specimen, often called the “Wonder Coin,” sold for $750,000.
1892-S Morgan Silver Dollar
The 1892-S Morgan Silver Dollar is another standout rarity in the series.
- Mintage: Just 1.2 million, not the lowest in the series, but survival rates for uncirculated specimens are minimal.
- Condition Challenges: Most coins were heavily circulated, making mint state examples exceptionally rare.
- Record Sale: In 2020, a coin graded MS-68 by PCGS sold for $630,000.
1893-S Morgan Silver Dollar
Often referred to as the “Holy Grail” of Morgan Dollars, the 1893-S Morgan Silver Dollar boasts the lowest mintage in the series.
- Mintage: Only 100,000 coins were produced.
- Scarcity: Few survived in uncirculated condition, making it one of the most desired coins for serious collectors.
- Historic Sale: In 2021, an MS-67 graded example fetched an astounding $2,086,875, the highest price ever paid for a Morgan Dollar.
1894-S Barber Dime
The 1894-S Barber Dime is one of the rarest coins in U.S. history, with origins shrouded in mystery.
- Mintage: Only 24 coins were struck, possibly as accounting test pieces or special gifts.
- Survival: Today, only nine examples are known to exist.
- Famous Sale: In 2007, one sold for $1.9 million.
This coin’s legend is enriched by the story of a young girl who reportedly spent one on ice cream, adding a touch of human intrigue to its rarity.
1975 “No S” Proof Dime
A modern rarity, the 1975 “No S” Proof Dime, was mistakenly struck without the San Francisco Mint’s “S” mint mark.
- Rarity: Only two examples are known to exist.
- Recent Sale: In October 2024, one of these coins sold for over $500,000, having been preserved in a bank vault for over 40 years.
Notable San Francisco Coins
| Coin | Year | Mintage | Auction Record | Notes |
|---|---|---|---|---|
| 1884-S Morgan Dollar | 1884 | 3.2 million | $750,000 | Rare in high-grade due to heavy circulation and melting under Pittman Act. |
| 1892-S Morgan Dollar | 1892 | 1.2 million | $630,000 | Few uncirculated examples survive today. |
| 1893-S Morgan Dollar | 1893 | 100,000 | $2,086,875 | The rarest and most valuable Morgan Dollar in mint state. |
| 1894-S Barber Dime | 1894 | 24 | $1.9 million | Only nine known to exist; origins remain mysterious. |
| 1975 “No S” Dime | 1975 | Unknown | $500,000 | Rare error coin with no mint mark; only two known examples. |
Hidden Treasures
While the likelihood of finding one of these rare coins in everyday circulation is slim, it’s not impossible. Many coins have been passed down through generations or stored away without knowledge of their true value.
Tips for Collectors
- Inspect Your Coins: Look for mint marks, errors, or unusual features.
- Research Key Dates: Familiarize yourself with historically significant coins.
- Authenticate and Grade: Use professional services like PCGS or NGC to verify and grade your coins.
- Store Properly: Protect coins in airtight holders to preserve their condition.
San Francisco-minted coins like the 1884-S Morgan Dollar and 1894-S Barber Dime are more than currency—they’re pieces of history with stories that have fascinated collectors for generations. Their rarity and value highlight the thrill of numismatics and the potential for hidden treasures in everyday collections.
Whether you’re a seasoned collector or a curious enthusiast, the next time you sort through your coins, take a closer look—you might just uncover a fortune.
FAQs
What is the rarest San Francisco-minted coin?
The 1894-S Barber Dime is the rarest, with only nine known examples.
Why is the 1893-S Morgan Dollar valuable?
Its low mintage of 100,000 and rarity in mint state make it highly desirable.
What is a 1975 ‘No S’ Proof Dime?
A proof coin missing the ‘S’ mint mark, with only two known to exist.
How can I identify valuable coins?
Check for low mintages, unique mint marks, or errors like doubling.
Should I have my rare coin graded?
Yes, professional grading verifies authenticity and boosts market value.
