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Lot 2859 |
1892-S $1 MS60 NGC....
2008 September Long Beach, CA US Coin Signature Auction #1116
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Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.Status
Reserve (If Any) Not Posted Yet:
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Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
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Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$29,900.00
(includes BP  ) Bid Source: Internet bidder |
| Auction Ended On: | Sep 19, 2008 |
| Item Activity: |
7 Internet/mail/phone bidders
2,144 page views |
Description:
Shining Mint State 1892-S Morgan Dollar
1892-S $1 MS60 NGC. The 1892-S Morgan dollar, with its mintage of 1.2 million pieces, was not an issue that attracted particular notice for many years. Circulated examples have long been readily available, and premiums through XF are modest compared to other challenging dates with similar mintages. Following the Treasury releases of the early to mid-1960s, though numerous Morgan dollar dates experienced known population explosions, the 1892-S never turned up in appreciable quantities, and collectors began to recognize it as conditionally elusive in AU and better.Throughout the 1960s and 1970s (and to a certain extent, the 1980s, as exemplified by passages in Wayne Miller's The Morgan and Peace Dollar Textbook), prior to the widespread acceptance of certification services and their grading standards, the 1892-S was often subject to misgrading, willful and accidental, with near-Mint State pieces the most frequent subjects. As a result, many knowledgeable collectors shied away from all but the highest-quality survivors, and the resulting lack of demand depressed prices. Since the 1990s, however, the greater confidence placed in certified grading has increased the popularity of this issue.
The present piece is strictly Mint State, with no trace of wear on any part of the design. While the MS60 designation may suggest an unattractive coin, this example is remarkably pleasing, and no abrasions merit individual mention, though a number of fine marks on each side confirm the grade's accuracy. Well struck and strongly lustrous beneath generally silver-white patina that shows occasional golden tints. Census: 6 in 60, 43 finer (7/08).(Registry values: P8, N4719) (#7218)
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Service and Handling Description: Coins & Currency (view shipping information)
Sales Tax information | NGC Coin Grading Guarantee | Terms and Conditions
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 454, Lot 2985 | Saturday, January 12, 2008 | 60 | NGC | $34,500.00 |
| Auction 372, Lot 9795 | Saturday, May 7, 2005 | 60 | NGC | $32,200.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
| Source | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Unconfirmed | Tuesday, March 29, 2011 | 60 | PCGS | $43,125.00 |
| Unconfirmed | Friday, March 23, 2007 | 60 | NGC | $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+ |
|---|---|---|---|---|---|---|---|
| 58 | $13,000 | $11,810 | $9,450 | $8,550 | $8,750 | $14,000 | $18,500 |
| 60 | $35,000 | $36,250 | $29,000 | $27,000 | $27,000 | $34,500 | --- |
| 61 | --- | $43,750 | $35,000 | $32,000 | $32,250 | $40,500 | --- |
| *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 | 1,200,000 | George T. Morgan | ||||
| NGC | 60 | 6 | 39 | 2,787 | - | ||
| CAC | 60 | 0 | 2 | 61 | - | ||
| *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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