FROM THE P.F.M. COLLECTION. Ex. Coronet Collection. Described in our sale of the Coronet Collection as: "This amazing 1904-S looks like it’s been extra carefully stored from the day it left the bank until the day it was encapsulated. A true borderline MS68! Absolutely perfect surfaces will pass every test. You won't find problems of any kind. A decent luster shows off a moderate, mellow mix of original golden brown/deep champagne/pale olive evenly spread all over. Miss Liberty and the details are fully struck and the eye appeal is pleasing! " To that we will add that this coin has an impressive provenance, first being a part of the Anne Kate Collection, then going into the Coronet Collection. In the course of a dozen years, this marvelous GEM has resided in three major collections of Morgan dollars. PCGS 2, NGC 1, CAC 1. This world class coin realized $70,500 in our October 2015 Regency Auction on an estimate of $45,000 to $50,000. The current Collector's Universe value is listed at $70,000 and it would not be shock if this SUPERB GEM realized that today! What a great opportunity for any advanced collector! Cert. Number 28286153 PCGS # 7294