1892-S Morgan S$1 (1892-S Morgan Silver Dollar) NGC AU55. Muted mint luster remains within the devices of this rare, branch mint 1892-S Morgan Dollar. The central devices are silvery grey surrounded by darker fields and even darker peripheries. Just a touch of wear keeps this coin from a mint state grade. In fact, a grade of 58 would have been appropriate for this coin with its clean, original surfaces and strong obverse strike. Morgan Dollar coins were issued from 1878 to 1921. They show a close head of Liberty facing left. She wears a headband inscribed LIBERTY. In her hair are cotton, corn, wheat, and tobacco. She wears a modified Phrygian cap and is surrounded with the motto E PLURIBUS UNUM, thirteen stars (seven left and six right), and the date. The reverse shows an eagle with wings raised looking left. In its talons are arrows and olive branch. A wreath is below and the motto IN GOD WE TRUST is above. Except for the eagles wing tips, UNITED STATES OF AMERICA and ONE DOLLAR circumscribe the design.

From the time of their issuance through the twentieth century, the Morgan Dollar was a vehicle of commerce and later a reserve of silver for banks and a source of collecting adventure upon their release.