1894-S $1 MS (PCGS# 7232)

2006 January Orlando, FL (FUN Platinum Night) Signature Auction #394

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    Heritage Auctions
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Lot Description
1894-S $1 MS66 PCGS. Struck during a brief 3-year span when Morgan dollar production was dramatically scaled back, the 1894-S is the most easily obtainable issue struck this year at the Uncirculated level. While luster is never a problem with the 1894-S Morgan, the vast majority of Mint State survivors, however, are limited in grade by moderate to heavy abrasions and are occasionally hampered by the presence of roller marks across the central devices. Over the past five years we have offered several of the finest 1894-S dollars ever certified, the nicest of which was a peripherally toned representative sold just a couple of months ago, a piece that brought an impressive $34,500. Just when we thought it might be many years before we saw its equal, along comes a remarkable untoned example that clearly proves that kind of thinking wrong. Everything seems to come together on this scintillating Premium Gem. The strike is temptingly close to full, the cartwheel luster jumps from the peerless surfaces, and the silky-smooth, frosty devices would be noteworthy even on a less challenging S-mint issue. In short, a coin with record setting potential. Population: 9 in 66, 2 finer (11/05).
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