1893 $1 MS (PCGS# 7220)

2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5611
  • Grade:
    MS66
  • Price:
    $44,062.50
Lot Description
1893 $1 MS66 PCGS. This piece marks the first time we have offered a Premium Gem PCGS example of this incredibly elusive date since 2007, when a similarly graded coin realized $43,125 in our Dallas Signature (Heritage, 4/2007), lot 77. The mintage of the 1893 silver dollar was only 378,000 pieces, making it among the most elusive P-mints in the series. The current populations at PCGS and NGC stand at five and four submissions, respectively, and none are finer (7/14). Underlining the signal importance of this coin is its appearance as the "plate coin" on PCGS' CoinFacts website (we have yet to find an acceptable alternative to this expression for cyberspace, so we shall continue to use it). Generous cartwheel luster rolls around each side of this untoned example, showing a fairly uniform, frosty texture throughout. Contact marks are minimal, and none of them are worthy of singular mention, as would be expected at this peak grade level. The strike is well-executed throughout, even showing a modicum of detail on the hair over Liberty's ear. An extremely important Morgan dollar offering, one that we have no doubt will spur intense bidder interest.
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