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Lot
4376

1893-S $1 AU50 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 9 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
Almost Uncirculated 1893-S Dollar
Significant Luster Surrounds the Devices
1893-S $1 AU50 NGC. The 1893-S has a mintage of 100,000 coins. In Silver Dollars and Trade Dollars of the United States, David Bowers mentions that tens of thousands of 1893-S dollars may have been melted under terms of the 1918 Pittman Act (in which more than 259 million silver dollars were melted for resale to England at $1 per fine ounce). Bowers estimates that between 4,000 and 8,000 '93-S dollars are extant in the grade range from VF20 to AU58. This AU50 example has bright silver-gray surfaces with touches of light olive toning, and significant mint luster remains in some of the protected areas. The design elements are nicely defined, though touches of weakness show in the hair above Liberty's ear, and on the eagle's breast and leg feathers. A few small abrasions are evident, particularly on Liberty's face. This desirable key date coin will make a fine addition to a high-grade circulated collection of Morgan dollars.
Ex: ANA Signature (Heritage, 8/2004), lot 6960.(Registry values: P10, N4719) (NGC ID# 255U, PCGS# 7226)

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