1892-S $1 MS(PCGS#7218)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

拍卖行

Stack's Bowers

批号

1216

等级

MS61

价格

295,550

详细说明

Legendary Mint State 1892-S Morgan Dollar 1892-S Morgan Silver Dollar. MS-61 (PCGS). This lovely and highly significant coin is sharply struck overall, the central high points a bit soft, yet with emerging to bold detail at the hair curls over Liberty's ear and on the eagle's breast. Satiny surfaces are fully lustrous with delicate champagne-gold highlights that are more prevalent on the reverse. The in hand appearance is uncommonly smooth for the assigned grade, especially on Liberty's cheek and in the obverse field. A premium quality coin for the assigned grade that would serve as a highlight in even the finest silver dollar set. The 1892-S is one of those issues that makes the Morgan dollar series both interesting to study and challenging to collect. On the one hand, well worn survivors in grades such as Good and VG are readily obtainable, this despite a relatively limited mintage of 1,200,000 pieces. Conversely, the 1892-S is one of the rarest issues of its type in Mint State. We suspect that a significant portion of the mintage was placed into commercial channels during the final years of the 19th century or, at the latest, early in the 20th century. Most coins remained in circulation for many years, explaining the sizeable population of well worn survivors in numismatic circles. According to Q. David Bowers (Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia, 1993), at least one original bag was paid out by the San Francisco Mint during the 1920s. Those coins also avoided numismatic circles and, released later than most worn survivors, they probably account for many of the finer circulated examples in EF and AU. The rest of the mintage was almost certainly included among the 270,232,722 silver dollars that the federal government melted pursuant to the terms of the 1918 Pittman Act. As far as numismatic scholars know, this issue was not included in the silver dollar releases from the San Francisco Mint during the 1940s or 1950s, nor was it represented in the Treasury Department releases of 1962 to 1964.Today, the rarity of the 1892-S in Mint State is well known among Morgan dollar enthusiasts. With market appearances of such pieces few and far between, the opportunity to acquire this captivating rarity deserves serious consideration. PCGS# 7218. NGC ID: 255P. Click here for certification details from PCGS.