The June 2012 Baltimore Auction

Auction # 137 | View Auction Schedule and Details

Pre-Bidding Ends: 6/29/2012 9:00:00 AM PST
Live Floor and Internet Bidding Begins: 6/29/2012 10:00:00 AM PST

Lot #3200. 1892-S Morgan Silver Dollar. MS-67 (PCGS).

Incredible Superb Gem Mint State-67 PCGS 1892-S Morgan Silver Dollar

One of the Finest Certified of this Key Date Issue

Description:

Years and years of study of the survivors of the Morgan Dollar series reveals much information. Certain dates are available for collectors in rather large numbers, others are not. In the case of the Morgan silver dollar, unlike any other series to this degree, large hoards have greatly effected the numbers known today. Certain dates and mints somehow were not saved, and those known today were saved by random events or opportunity. Such is the case for the 1892-S Morgan dollar. PCGS has certified a maximum of 65 coins in all the possible Mint State grades and designations of the 1892-S Morgan silver dollar, and that is of course, a very tiny sum given the number of collectors out there seeking an example in Mint State. Most are forced to settle on a circulated example, and even these are hard to find in high grade with pleasing surfaces.

The entire surface of this jewel is toned with a blend of lilac-gold and teal that appear as medium gray at first glance, but then divide into more vivid color when examined under a light. The strike is as bold as a collector could hope to find, with full curls on Liberty and the eagle's feathers too are crisp and complete. Examination of the surfaces finds no spots or specks, and the thin veil of patina fails to inhibit the luster which shines through when given a chance. Liberty's cheek is virtually pristine, along with the surrounding devices and fields, and the quality of this majestic Gem stands high above the many. One can ignore the mintage of 1,200,000 pieces as virtually all were later melted in 1918 under the Pittman Act. The silver recovered from these coins was used by and large to coin 1921 dated Morgan silver dollars, or in some cases the newer Peace silver dollars starting in late 1921.

At this impressive grade level the specialists will be hoping to land this monumental catch of a coin, with its towering grade and extreme condition rarity no doubt it will attract considerable attention. Tied with four others as the second finest seen by PCGS and worthy of the most advanced Morgan dollar collection.

PCGS Population: 5; 1 finer (MS-68) in all designations.

PCGS# 7218.

From the Anne Kate Collection.