1893-S $1 MS (PCGS# 7226)

2012 February 2-5 US Coins Signature Auction- Long Beach #1167

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    4289
  • Grade:
    AU55
  • Price:
    $31,050.00
Lot Description
1893-S $1 AU55 PCGS. CAC. The 1893-S Morgan dollar needs no introduction to the hordes of series fans; if anything, the Morgan dollar series is gaining in popularity. If one counts the gold pieces, the various silver dollar issues, and the base metal types separately, the U.S. Mint has tried nearly a dozen times in its history to establish a circulating dollar coinage, with success that was middling, at best. The recent Mint misadventures with Presidential dollars should add further fuel to a brightly burning blaze. While the lack of interest in Morgan dollars at the time they were produced was responsible for the hundreds of thousands of high-Mint State examples surviving today, some issues such as the 1893-S did see circulation. Today the average certified survivor is VF20 to VF25; Choice AU examples such as this coin see plentiful demand to fill empty holes in sets that are otherwise largely Mint State. Significant luster remains on each side of this piece, although it is thinned out somewhat in the fields. The surfaces are light gray overall, with darker color outlining the devices. A few parallel diagonal scuffs appear in the middle of Liberty's cheek. A nice example for a fine Morgan dollar set. Population: 25 in 55, 45 finer (1/12).
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