Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Noteworthy Near-Mint 1893-S Dollar

1893-S $1 AU58 NGC. The 1893-S is a prominent rarity among Morgan dollars, with an interesting twist: a plurality of known survivors are in VF condition. Such a grade is indicative of a specific, moderate-to-light amount of wear, that is inconsistent with the experiences of other issues. Many have concentrations at Fine or lower, while a handful of Treasury and GSA release issues have higher modes. What could have caused the distinctive wear pattern?
Q. David Bowers, in several of his written references, relates the anecdotal evidence supplied by E.S. Thresher, who wrote in the July 1925 edition of The Numismatist that the 1893-S was one of only a handful of Morgan dollar issues he had not encountered in circulation. This led Bowers to speculate that perhaps the late 1920s saw the release of most of the 1893-S dollars to Rocky Mountain states, where coin collectors were scarce, and there they circulated until silver dollars fell out of fashion for general commerce.
The exact reason seems unknowable, yet the Bowers thought-experiment leads to some interesting possibilities. A hard fact, on the other hand, is that the 1893-S dollar is elusive in AU grades and a condition rarity in Mint State. This near-Mint survivor, impressively lustrous beneath layers of gold-orange and silver-gray patina, is well-defined with only a touch of friction across the high points. A few small abrasions on the cheek and wispy marks in the fields have little impact on the eye appeal. Census: 13 in 58, 28 finer (11/08).(Registry values: P10, N4719) (NGC ID# 255U, PCGS# 7226)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2009
7th-11th
Internet/Mail/Phone Bidders: 6
Members Tracking: N/A
Page Views: 797

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

945,191
bidder-members
$886,536,595
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 40 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

Our participation in the Heritage Gallery Auctions on Friday and Saturday were very enjoyable, and we were impressed with every aspect of the auction operation.
E. & N. B.,
Littleton, CO
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,688,775
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved