Although often overshadowed by the 1884-S, the 1883-S Morgan
dollar presents a surprising challenge to collectors in Mint State. While the
mintage was moderately large at 6,250,000 pieces, the 1883-S is one of the few
issues that saw active circulation beginning in the 19th century. Worn
survivors can be located with ease, but Mint State coins are elusive in today’s
market. The issue becomes incredibly scarce in Gem, with only about 100 coins
known. At the Superb level, they are essentially unobtainable, and even more so
with any degree of prooflike contrast.
We are thrilled to present the sole finest graded 1883-S
Morgan dollar in lot 1230 of our August 2020 Las Vegas Auction, certified
MS-67+ PL (PCGS). This piece can be traced back 116 years to the Chapman
brothers’ sale of the legendary John G. Mills Collection in April 1904. Simply
described as "Uncirculated, with Proof surfaces" in lot 767, it was
sold to John M. Clapp for $2.25. It did not appear at auction again for 93
years, when we offered it as lot 2265 in the Louis E. Eliasberg, Sr.
Collection, Part II, in April 1997. There we described it as "one of the
most important Morgan dollars to come to market in our generation." Now, a
quarter-century later, we can confidently make the same assertion, as it sits
at the top of the PCGS Population Report across all categories.
Faint champagne iridescence enhances the otherwise brilliant
surfaces of this incredible Superb Gem. Stark prooflike reflectivity is seen in
the fields on both sides, framing the satiny, lustrous devices. All elements
are Intricately defined and virtually pristine beneath magnification. A true
pinnacle of both execution and preservation.
This MS-67+ PL (PCGS) CAC 1883-S dollar will be offered in
Rarities Night of our August 2020 Las Vegas Auction, accompanying highlights
from the Sherwood Collection of Civil War Tokens, the ESM Collection of Large
Cents, selections from the Anthony J. Taraszka Collection of Early Eagles,
selections from the D. Brent Pogue Numismatic Library and many other rarities.
The sale is will be available for bidding and viewing on our website
www.StacksBowers.com, or you may contact us to secure a copy of the printed
catalog. Also, download our mobile app to view and participate in our auctions
via your Android or Apple device.