The 2024-S Reverse Proof Morgan Dollar First Release graded NGC PF69 is an exceptional modern numismatic release from the San Francisco Mint. This coin, part of a two-coin set alongside the Peace Dollar, is struck in a reverse proof finish—a visually striking variation where the fields of the coin are frosted and the design elements are polished to a mirror-like shine. This creates a unique contrast that beautifully highlights the intricate details of the design, enhancing the legacy of the classic Morgan Dollar.
The coin contains .999 fine silver, weighing approximately 0.859 troy ounces, and has a diameter of 38.1 millimeters, maintaining the large size and high-quality silver standard of the revived Modern Silver Dollar Series. The obverse features the iconic Liberty profile designed by George T. Morgan, complete with the inscriptions “LIBERTY,” “E PLURIBUS UNUM,” and the year “2024.” The reverse showcases the heraldic eagle with outstretched wings clutching arrows and an olive branch, encircled by “UNITED STATES OF AMERICA,” “IN GOD WE TRUST,” and “ONE DOLLAR.”
This particular coin carries the “S” mintmark, denoting the San Francisco Mint, which often produces the highest-quality proof strikes. The “First Release” designation by NGC indicates the coin was submitted for grading within 30 days of its release, a trait prized by collectors seeking early or premium examples. The PF69 grade signifies near-perfection, indicating this coin has near-flawless surfaces with only minute imperfections visible under magnification, ensuring it ranks among the finest examples of the 2024 Morgan Dollar issue.
With a limited mintage of just 262,500 sets encompassing both Morgan and Peace Dollars in reverse proof, this release is positioned as a highly collectible offering that bridges historic American coinage artistry with modern minting technology. The reverse proof finish, first introduced for this series in 2024, sparked excitement among collectors through its unique and elegant rendition of these storied designs, elevating their appeal beyond typical proof coins.
In summary, the 2024-S Reverse Proof Morgan Dollar PF69 First Release is a centerpiece for collectors who appreciate history, artistry, and pristine quality. Its combination of traditional design, modern craftsmanship, and limited production make it highly desirable as both a numismatic treasure and an investment-grade silver coin, continuing the legacy of the Morgan Dollar into the 21st century with style and sophistication.