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Lot
9764

1892-S S$1 MS62 PCGS....

2004 November Palm Beach, FL Signature Sale #358

 
Sold for: Not Sold
Auction Ended On: Nov 6, 2004
Item Activity: 7 Internet/mail/phone bidders
364 page views
Location: Palm Beach, FL
Description:
Highly Elusive Mint State 1892-S Morgan Dollar
1892-S $1 MS62 PCGS. The original mintage of the 1892-S, while certainly not among the highest in the Morgan Dollar series, is not the lowest either. A total of 1.2 million pieces were produced, high grade survivors of which are rare not because so few coins were produced, but rather because hardly any were set aside at the time of release. Most 1892-S Morgans entered circulation in the late 19th century with the result that the issue should only be considered common in grades below the AU level. This date was not represented in the San Francisco Mint's Silver Dollar releases of the 1940s and 1950s, nor were there any bags of Uncirculated '92-S Dollars among the millions of Morgans that the Treasury Department paid out in the early 1960s.
This is an important coin that should see spirited bidding among specialists. The eye appeal is well above average for the grade in that the fields are exceptionally free of bagmarks. A couple of minor marks are noted on Liberty's cheek. The luster displays bright cartwheel effects. Sharply struck over all features with the exception of the central obverse highpoint, both sides are silver-white and completely untoned. Population: 21 in 62, 25 finer (10/04).(#7218) (Registry values: P8, N7079) (NGC ID# 255P, PCGS# 7218)

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