The state-of-the-art San Francisco Mint turned out what are universally regarded as the most beautiful Morgan dollars with silver from bonanza mines such as Comstock and Tombstone. But by the mid-1880s, these mines were producing less silver so mintages fell dramatically. The 1883-S San Francisco mintage was just 6.2 million, about half the number produced there just two years before. Mint-state 1883-S Morgans sell for almost $1,500, but you can get nice circulated quality for less than 4% of that price. It's the toughest find among the first six S-mint Morgan issues. Our Very Fine quality saw only light circulation in the Old West. Very Fine quality.