A Hoard of the West Coast’s Finest Morgan Dollars: The San Francisco Mint Proof-Likes
The San Francisco Mint’s primary function was to produce silver dollars…and many experts believe they have produced some of the finest examples of Morgan Dollars in the entire series! The San Francisco Mint produced Morgan Silver dollars from 1878 until 1904 (as well as for a single year in 1921), but when compared to other mintages the numbers are staggering: The San Francisco Mint produced less than 18% of ALL Morgan Dollars! That, combined with their low mintages , make S-Mint Morgan dollars a rarity within a rarity! And It Gets ever better!
We recently purchased a large number of Morgan Silver Dollar rolls we found while at a coin shop on the West Coast, and had quite the surprise when we decided to open those rolls up! Thanks to the extreme care and superb conditions that they were stored in every other San Francisco Morgan Dollar in this hoard was in STUNNING Proof-like condition!
So- What exactly IS a “Proof-Like” Morgan Dollar?
When it comes to Morgan silver dollars, you simply cannot beat the quality of the rare Proof-Like pieces. They are some of the most beautifully struck coins in the entire world! But I am sure you are asking: just what are “Proof-Like” Morgan Dollars?
Proof-Like coins are extremely rare, high quality, coin specimens that are a direct result of the coin minting process used by the United States Mint. You see, when the U.S. Mint puts a coin die into production, they first polish the die ... this polishing puts a special luster on the first handful of coins that are struck using this new die. These rare pieces have the visual luster of a proof coin, but were still only struck once like all uncirculated coinage from the United States Mint, hence the nickname "Proof-Like." These coins are the finest examples of Morgan Dollars in existence and, as some of the rarest pieces in the Morgan Dollar series, are a must-have for any serious collector’s Morgan Dollar collection!