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

Description

Fabulous MS65 1894 Morgan Dollar

1894 $1 MS65 PCGS. CAC. The Morgan dollar's creation in the Bland-Allison Act of 1878 was the result of silver-subsidy politics, and the same politics brought about the denomination's eventual demise. The Act of July 14, 1890, better known as the Sherman Silver Purchase Act, updated the original Bland-Allison Act by providing for an even greater level of silver subsidy purchase by the U.S. Treasury, and further specified the issuance of Treasury notes. One sentence in Section 2 of the Sherman Silver Purchase Act nearly collapsed the U.S. government's financial position in 1893:

"That upon demand of the holder of any of the Treasury notes herein provided for the Secretary of the Treasury shall, under such regulations as he may prescribe, redeem such notes in gold or silver coin, at his discretion, it being the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such a ratio as may be provided by law."


Note holders, disagreeing with the government's ratio, virtually drained the nation of its gold reserves in conjunction with the Panic of 1893, and among other government action, the silver purchase and coining provisions of the Sherman Act were repealed. Without that legal support, strikings of silver dollars plummeted, down to just 110,000 business strikes for the 1894 Philadelphia issue.
That date, while desirable, is not properly termed a condition rarity until the MS65 level; once there, though, it is among the most coveted coins in the entire Morgan dollar series. This Gem, which is housed in a green label holder, has frosty silver surfaces with orange and golden-brown toning at parts of the margins. Well struck, if a trifle soft at the hair over Liberty's ear, with great all-around eye appeal. Population: 21 in 65, 4 finer (11/10).(Registry values: P8, N4719) (NGC ID# 255V, PCGS# 7228)

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

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2011
5th-9th
Internet/Mail/Phone Bidders: 6
Members Tracking: N/A
Page Views: 1,047

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) 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 17 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

We really appreciate all of the high res images available online, plus the great support if we do have questions.
Sarah Mock,
Leesburg, VA
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