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Lot
9305

1892-S S$1 MS62 PCGS. In grades below the AU level of preservation, the 1892-S is not a particularly difficult issue to loc...

2005 St. Louis, MO (CSNS) Signature Auction #372

 
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Auction Ended On: May 7, 2005
Item Activity: 11 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Elusive Uncirculated 1892-S Morgan Dollar
1892-S $1 MS62 PCGS. In grades below the AU level of preservation, the 1892-S is not a particularly difficult issue to locate despite a relatively limited mintage of 1.2 million pieces. An accurately graded AU will, however, set collectors back a decent amount of money, and Mint State examples are rare. Writing in 1993, Bowers stated that perhaps 75-150 coins are extant at the BU (MS60-62) grade level, along with an additional 25-50 examples in MS63, 10-20 coins in MS64, and 25-50 examples at or above the MS65 level of preservation. As with virtually all Uncirculated '92-S Dollars, the present example is well struck with no areas of bothersome incompleteness of detail. Although a significant rarity in all Mint State grades, this issue is not plagued by excessive bagmarks, and this MS62 representative is relatively smooth for the grade. There is, however, a small mark on the reverse behind the eagle's head. The luster is suitably frosty, and both sides are white and completely untoned. A coin that should see spirited bidding among Morgan Dollar specialists.
From The Milwaukee Shore Collection.(#7218) (Registry values: P8, N7079) (NGC ID# 255P, PCGS# 7218)

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