1904-S $1 MS (PCGS# 7294)

PN Silver Dollar Session

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    Heritage Auctions
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Lot Description
1904-S $1 MS67 PCGS. Ex: Jack Lee. The 1904-S Morgan, with a mintage of 2.304 million pieces, apparently saw a large number melted. David Bowers, in his Buyer's Guide to Silver Dollars of the United States, estimates that 2 million or so coins succumbed to later-day melts. Despite this, a fair number of specimens are available in the in the low to mid Mint State levels, due to modest Treasury releases in the 1930s and 1940s, along with one or more bags that came though Los Angeles Banks in the 1950s (Bowers, Silver Dollars and Trade Dollars of the United States). Bowers finds no accounts of any being in the 1962-1964 Treasury release, and apparently none was in the Redfield estate. The PCGS/NGC certified population decreases to about 140 or so 1904-S dollars at the Gem level of preservation. The two services have graded fewer than 15 Premium Gems, a mere three MS67s, and none finer. We can thus readily see that the Superb Gem offering in the present lot is an important condition rarity. Whispers of golden-tan patination make occasional appearances on both sides of this lovely piece, each of which is awash in potent luster. An above average strike leaves strong definition on the design features, including at least partial detail in the usually weak centers. Close examination reveals no marks of consequence. All in all, this is a wonderful '04-S representative, and one of the finest known. Population: 2 in 67, 0 finer (11/08). From The Arno Collection. See: Video Lot Description
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