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Lot
4078

1893-S $1 AU55 NGC....

2011 June Long Beach Signature US Coin Auction #1156

 
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Auction Ended On: Jun 3, 2011
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:

1893-S Morgan Dollar, AU55
Key Business-Strike Issue
1893-S $1 AU55 NGC. The Sherman Silver Purchase Act was repealed in 1893, and mintage totals of Morgan silver dollars plummeted at all three mints that year. The San Francisco production figure would prove to be the lowest of the series, at just 100,000 pieces. Few examples were saved by collectors, and the issue was not well represented in the Treasury releases of the 1960s. As a result, the 1893-S is the business-strike key to the Morgan dollar series.
The present coin is a Choice AU example, with light wear showing on Liberty's hair and incomplete detail on the eagle's breast. The surfaces are extremely bright, but the mint luster seems slightly impaired. Census: 22 in 55, 40 finer (4/11).(Registry values: P10, N4719) (NGC ID# 255U, PCGS# 7226)

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