Silver Dollars out of the Gold Mint ?
The San Francisco Mint was opened in 1854 to serve the gold mines of the California Gold Rush. By the late 1870’s the volume of Gold was slowing and the primary purpose of the mint was due to change. The Comstock Lode came to the rescue. The Comstock Lode was the first major U.S. discovery of silver, located under what is now Virginia City, Nevada.
Quality - Over Time Creates Rarity
The light work schedule at the San Francisco mint during the early years allowed for extra care in Morgan silver dollar production. The early "S" mint Morgans are known for their strong razor sharp strike, with superb luster, and brilliant surfaces. In Real-Estate its location - location - location. In coins its Quality - Quality - Quality. 1st year issue coins are heavily circulated and everyone wanted to have one when they were released. So 100 plus year later, quality specimens are far and few between.
Each is independently certified by one of the big three: PGCS, NGC or ANACS.