1881-S $1 Morgan NGC BU Olathe Dollar Hoard U.S. Treasury Bags

Coin Details

• Country: United States
• Year: 1881
• Mint: San Francisco (S)
• Denomination: 1 Dollar
• Composition: 90% Silver, 10% Copper
• Weight: 26.73 grams
• Diameter: 38.1 mm
• Designer: George T. Morgan
• Grade: NGC BU (Brilliant Uncirculated)

Mintage

• Total Mintage: 12,760,000
  The 1881-S Morgan Dollar had a relatively high mintage, and San Francisco Mint coins are often known for their superior strike quality compared to other mints.

Condition and Grade

• BU (Brilliant Uncirculated):
  • Coins in this condition have not been circulated and retain their original mint luster.
  • The surface may have minor bag marks or contact marks due to storage and transportation in mint bags.
  • Eye appeal is typically high, with sharp details and radiant luster, especially for San Francisco Mint Morgans.

Hoard Provenance: Olathe Dollar Hoard

The Olathe Dollar Hoard refers to a collection of U.S. Morgan Dollars sourced from U.S. Treasury Bags. This hoard surfaced after the Treasury Department began releasing long-stored silver dollars in the mid-20th century. Key details include:

• Origin: Many hoard coins were stored in U.S. Treasury vaults for decades, preserving their uncirculated condition.
• Discovery: Likely rediscovered during the Treasury releases in the 1960s and later handled by collectors or dealers who preserved their history.
• Significance: The “Olathe” name adds provenance, indicating the coins were part of a specific hoard, enhancing their appeal to collectors.

VF-20 Very Fine- Two thirds of hair lines from top of forehead to ear visible. Ear well defined. Feathers on eagle’s breast worn.

EF-40 Extremely Fine- All hair lines strong and ear bold. Eagle’s feathers all plain but with slight wear on breast and wing tips.

AU-50- About Uncirculated- Slight trace of wear on the bust shoulder and hair left of forehead, and on eagle’s breast and top edges of wings.

MS-60 Uncirculated- No trace of wear; full mint luster present, but may noticeably marred by scuff marks or bag abrasions.

MS-63 Choice Uncirculated- No trace of wear; full mint luster; few noticeable surface marks.

MS-64 Uncirculated- A few scattered contact marks/ Good eye appeal and attractive luster.

MS-65 Gem Uncirculated- Only light, scattered contact marks that are not distracting. Strong luster, good eye appeal.

PF-63 Choice Proof- Reflective surfaces with few blemishes in secondary focal places. No major flaws.