Silver Dollars & Trade Dollars of the United States - A Complete Encyclopedia
Q. David Bowers
1884 Morgan: Market Values
1884 Morgan: Summary of Characteristics
Business Strikes:
Enabling legislation: As earlier, plus Act of February 28, 1878
Designer: George T. Morgan
Weight and composition: 412.5 grains; .900 silver, .100 copper
Melt-down (silver value) in year minted: $0.85904
Dies prepared: Obverse: 60; Reverse: 60
Business strike mintage: 14,070,000; Coinage figures (by months; incomplete): January June: not known; July: 1,000,000; August: 1,200,000; September: 1,200,000; October: 1,300,000; November: 1,350,000; December: 1,280,165.
Estimated quantity melted: Unknown, but millions. Approximate population MS-65 or better: 12,500 to 20,000 (URS-15)
Approximate population MS-64: 30,000 to 60,000 (URS-16)
Approximate population MS-63: 50,000 to 90,000 (URS-17)
Approximate population MS-60 to 62: 150,000 to 225,000 (URS-19)
Approximate population G-4 to AU-58: 1,000,000 to 2,000,000 (URS-22)
Availability of prooflike coins: Many semi-prooflike and prooflike coins exist, as do DMPLs.
Characteristics of striking: Dollars of this date are usually seen well struck
Known hoards of Mint State coins: Many bags were released by the Treasury Department in the decades before and up to 1962-1964.
Proofs:
Dies prepared: Obverse: 1; Reverse: 1
Proof mintage: 875
Approximate population Proof-65 or better: 102+/- (URS-8)
Approximate population Proof-64: 104+/- (URS-8)
Approximate population Proof-63: 113+/- (URS-8)
Approximate population Proof-60 to 62: 205+/- (URS-9)
Commentary
The 1884 is readily obtainable in all grades up to and including MS-65.