The item in question refers to a specific year and minting of a United States silver coin designed by George T. Morgan. This particular piece contains approximately 0.77344 troy ounces of silver and was part of a larger series of coins minted from 1878 to 1904, and again in 1921. The “S” designation indicates that the coin was produced at the San Francisco Mint.
These coins hold significance for numismatists due to their historical context, silver content, and potential rarity depending on the mint mark and condition. Their production was influenced by the Bland-Allison Act of 1878, which required the U.S. Treasury to purchase large quantities of silver for coinage. Examples in excellent condition or with low mintage numbers can command significant premiums over their melt value, making them desirable for collectors and investors.
