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Lot
2514

1884-S $1 MS63 PCGS....

2008 May Long Beach, CA Signature Auction #1108

 
Sold for: $40,250.00 (includes BP )
Bid Source: Internet bidder
Auction Ended On: May 30, 2008
Item Activity: 6 Internet/mail/phone bidders
2,881 page views
Description:
Memorable 1884-S Morgan Dollar, MS63
1884-S $1 MS63 PCGS. The 1884-S is the first truly elusive S-mint Morgan dollar one encounters in the series from 1878-S forward. While the 1878-S through 1882-S pieces are extremely common, the 1883-S is merely scarce--but the 1884-S is truly rare in Mint State. For example, as a point of comparison, while according to its online Population Report PCGS has certified 2,316 examples of the 1883-S in Mint State, that service has certified only 237 specimens of the 1884-S in all Uncirculated grades--essentially one-tenth as many coins, assuming there is an equal factor for resubmissions.
In MS63, this piece is one of 38 coins so certified at PCGS, with 16 examples finer--the highest an incredible MS68! At first glance (and second), this coin gives the impression of a finer grade. The surfaces are silver-white, with abundant cartwheel luster and a relative lack of mentionable distractions. A couple of small luster grazes appear in the left obverse field, and a small tick near Liberty's nose is visible without a loupe. With the aid of a magnifier, a patch of reeding marks appears underneath Liberty's eye, confirming the grade. Nonetheless, there are precious few distractions, large or small, in other areas of the coin, save for a single slanting nick on the eagle's breast. The strike is typical for the issue, with moderate softness on the hair over Liberty's ear and the eagle's breast. However, this technical description underestimates the tremendous appeal of the clean, silver-white surfaces and ebullient luster, which more than compensate for tiny distractions of strike or contact.
This piece would make a wonderful acquisition for a fine Registry Set of Morgan dollars--or for the collector who just desires a single memorable example of the series.(Registry values: P9, N7079) (#7156)

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Service and Handling Description: Coins & Currency (view shipping information)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1139, Lot 2168 Sunday, May 2, 2010 63 PCGS $40,250.00
Auction 1136, Lot 2618 Sunday, January 10, 2010 63 PCGS $34,500.00
Auction 1147, Lot 3915 Sunday, December 5, 2010 63 NGC $24,238.55
Auction 370, Lot 61115 Friday, November 30, 2007 63 NGC $26,450.00
Auction 414, Lot 5352 Monday, August 14, 2006 63 NGC $23,000.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Saturday, August 7, 2010 63 NGC $23,000.00
Unconfirmed Wednesday, August 5, 2009 63 PCGS $36,225.00
Unconfirmed Tuesday, November 13, 2007 63 PCGS $46,000.00
Unconfirmed Wednesday, October 19, 2005 63 PCGS $34,500.00
Unconfirmed Monday, March 7, 2005 63 PCGS $26,450.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
62 $12,000 $17,190 $13,750 $12,000 $12,500 $23,000 $26,500
63 $40,000 $43,750 $35,000 $31,000 $32,500 $45,000 $55,000
64 $110,000 $137,500 $110,000 $95,000 $100,000 $115,000 $135,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 3,200,000 George T. Morgan
NGC 63 42 13 5,940 -
CAC 63 2 2 81 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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