1901 $1 MS (PCGS# 7272)
The March 2013 Baltimore Auction
Lot Number: 2095
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Among circulation strike Morgan dollars, the 1901 Philadelphia issue is quite interesting to contemplate. The mintage was high, and today examples are easy enough to find -- in worn grades, that is. It seems that nearly all were placed into circulation at or near the time of striking. No significant quantities were represented in the fabled 1962-1965 Treasury hoard. Today, coins at the MS-63 level are very rare in comparison to the strong demand for them. For certain, the number of collectors of Morgan dollars is in the six figures -- over 100,000 individuals -- but only a few can ever own a 1901 of this quality. As to the number of different coins certified by NGC, it is certainly lower than the census, and we would be surprised if more than 75 different are represented in the figures quoted. Generally well detailed, if slightly soft across the centers, with highly lustrous surfaces that are virtually untoned and display just a few minor marks, including a diagonal bagmark across the eagle's breast, that keep it from a higher grade.