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Lot
1177

1893-S $1 AU55 NGC....

2009 May Long Beach, CA Signature US Coin Auction #1125

 
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Auction Ended On: May 29, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Desirable 1893-S Morgan Dollar, AU55
Coveted Key to the Series
1893-S $1 AU55 NGC. New information about the 1893-S, always considered the key date in the Morgan dollar series, has further cemented the issue's status as the least available coin in the series. In A Guide Book of Morgan Silver Dollars, third edition, Q. David Bowers reports an initial mintage of 77,000 pieces for the 1893-S. This figure has been revised downward from the long-accepted total of 100,000 coins. The new, lower figure does not surprise Morgan dollar collectors, who have long been aware of the rarity and desirability of this date.
The present coin is a completely original specimen, with light gray surfaces and just a touch of peripheral color. Significant traces of mint luster remain around the protected areas. The only mark of note is located on the reverse field, below OD in GOD. Census: 22 in 55, 39 finer (4/09).(Registry values: P10, N4719) (NGC ID# 255U, PCGS# 7226)

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