This vintage coin was minted at a time when Morgan silver dollars were at the center of political debate. That year William McKinley was inaugurated president and his victory signaled the adoption of a gold standard and eventually led to the temporary end of the Morgan series. The 1901-S San Francisco issue had a mintage of just 2,284,000 and is very elusive in BU quality. It's estimated that only 1% of the original production survives today in mint-state quality. That puts market pressure on circulated grades like our affordable Very Fine.