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The 1884-S Morgan dollar:

Assuming the coin is circulated, the 1884-S Morgan is a very common coin in the mid to lower circulated grades. Large quantities were released into circulation. Coins in the grade range of EF-40 to AU-58 are scarce. Mint State coins are very elusive. For an accurate assessment of value the coin needs to be seen and graded. Most coins of this type have seen heavy use and show a lot of wear. In general retail values for low grade coins are $28.00-$32.00, better grade are $35.00-$60.00 and coins (showing almost no wear) in the AU grades, run from $270.00-$1,290.00. Mint State 1884-S coins are rare with starting prices at $5,000.00 to well over $100,000.00 depending on the grade. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelry or have been cleaned have far less value if any to a collector or dealer.

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Q: Is the 1884 s dollar coin rare and valuable?
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