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Lot
2120

1892-S $1 MS67 PCGS. This is an extremely rare issue in ...

2004 Orlando, FL (FUN) Signature Sale #336

 
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Auction Ended On: Jan 7, 2004
Item Activity: 8 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Rich, Originally Toned MS67 1892-S Morgan Dollar
1892-S $1 MS67 PCGS. This is an extremely rare issue in Uncirculated grades in spite of a rather unimpressive mintage of 1.2 million pieces. Like the 1884-S, the 1892-S was placed into circulation just after minting and only a handful were set aside by collectors. Four other coins are known at this grade level, two of which we have handled (including the Eliasberg specimen). Rich smoky-gray, blue, and rose toning covers each side with slightly lighter hues on the reverse than the obverse. However, the multiple layers of original patination cannot subdue the exceptionally strong, underlying mint frost on this piece, which turns slightly reflective in the fields. The surfaces are virtually flawless, but not quite. Just as the Auction '79 coin has a small identifying mark in the right reverse field, so does this coin have a single abrasion that can be used in the future to identify it: a short mark is located just above the eagle's head on the reverse. Fully struck also, this is one of the finest examples known of this rare date, and a coin that is surely destined for one of the premier dollar sets being assembled today.
From the Palm Beach Collection. (#7218) (Registry values: P1, N85000) (NGC ID# 255P, PCGS# 7218)

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