This coin, which was manufactured by the United States Mint during the beginning of the California Gold Rush, was one of the first twenty dollar gold pieces ever minted.
It is not difficult for this coin to surpass the barrier of $1,200 if it is in excellent shape, particularly if it maintains fine features and shows just moderate wear.
It is noteworthy that the Flowing Hair Silver Dollar, which was coined in 1794, is one of the earliest silver dollars to be produced by the United States Department of the Treasury.
With just 100,000 coins struck, the 1893-S Morgan Dollar, which is sometimes referred to as the "king of Morgan Dollars," has the lowest mintage of any denomination in the whole series.
These coins, if they are in pristine condition, have the potential to price well over $1,200, making them interesting to current coin collectors as well as those who are interested in unusual promotional things.