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Lot
30165

1884-S $1 MS63 PCGS....

2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco #1205

 
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Auction Ended On: Mar 20, 2014
Item Activity: 17 Internet/mail/phone bidders
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Location: Bently Reserve
301 Battery Street
San Francisco, CA
94111
Description:
1884-S Morgan Dollar, MS63
Heavily Circulated Issue
Conditionally Rare in Higher Grades
1884-S $1 MS63 PCGS. According to Mint records, 3.2 million Morgan dollars were struck at the San Francisco Mint in 1884. Deliveries were paced at even intervals throughout the year. Most of the coins were released into circulation near the time of issue and those that were held in government storage were heavily melted under the provisions of the Pittman Act in 1918. A few bags were paid out from storage at the San Francisco Mint in 1926, and a few more were released from Treasury holdings in Washington, D.C. in the mid-1930s, but the 1894-S was not well-represented in the Treasury releases of the 1960s. The coins released earlier were absorbed in the channels of commerce and few were saved for numismatic purposes. As a result, the 1884-S is a plentiful issue in circulated condition, but it is an elusive key date in all Mint State grades.

The present coin is an impressive Select specimen that displays an attractive blend of greenish-gold, lavender-gray, and turquoise toning on both sides. Vibrant cartwheel mint luster shines through the patina. Although the 1884-S is sometimes seen with weak striking details on the central design elements, this coin exhibits sharp definition on the hair above Liberty's ear and the eagle's breast. Only a few minor contact marks are evident and none are obtrusive or distracting. The overall presentation is attractive and appealing. This coin should find a home in a fine collection of Morgan dollars. Housed in the green label holder favored by PCGS in the 1995-1998 era. Population: 40 in 63 (1 in 63+), 14 finer (2/14).
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: P9, N7079) (NGC ID# 254P, PCGS# 7156)

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