This exceptionally scarce Morgan dollar is challenging in all grades, and it boasts the lowest mintage of all circulation strikes in the series. It is certainly rare in all uncirculated levels -- the rarest of all regular-issue Morgan dollars in MS. Amazingly, at least one exists in MS67, with only small handfuls available in each of the lower MS grade points.

A few PLs exist, but DMPLs are virtually unheard of. As with any rare coin, one should be extremely wary when buying a raw example as many counterfeits exist -- certainly many more than the real 1893-S Morgan dollar. Buy certified when possible, especially if unsure of the diagnostics used for determining an authentic 1893-S dollar.