1901 $1 MS (PCGS# 7272)

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

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    Heritage Auctions
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Lot Description
1901 $1 MS64 PCGS. Among the most significant Morgan dollar offerings in this sale is this lovely 1901-P. This is one of the most enigmatic dates in the entire series. A sizeable total of 6.9 million pieces were produced, and, unsurprisingly, circulated survivors are plentiful in grades up to and including the near-Mint State level. Above the Mint State threshold, however, the certified population figures change dramatically. A casual glance at the NGC/PCGS population reports shows that most Uncirculated 1901 dollars grade no finer than MS62. Most such coins are trapped at the BU level by excessive bagmarks, and their eye appeal is further diminished by the flat strike detail and lackluster finish that characterizes typical survivors. A sharp, lustrous, and smooth 1901-P Morgan dollar is a rarity whose appearance at auction is sure to elicit bids from all of the specialists in today's hobby. An exceptionally appealing 1901 dollar, the present near-Gem is sharply struck throughout with a pleasingly lustrous, softly frosted finish. The lightest blush of golden iridescence covers minimally abraded, near-pristine surfaces. Ex: FUN Signature (Heritage, 1/2002), lot 7776.
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