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Lot
1890

1878 $1 Morgan Dollar, Judd-1550B, Pollock-1724, R.7, PR67 Red and Brown NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 7 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
1878 Morgan Dollar, Judd-1550B, Pollock-1724, R.7
PR67 Red and Brown
The Only Certified Example
1878 $1 Morgan Dollar, Judd-1550B, Pollock-1724, R.7, PR67 Red and Brown NGC.
Design.
The design on both sides is similar to the adopted Morgan dollar, but on the obverse the point of the bust truncation is centered between star 1 and the 1 in the date. The wheat ear in Liberty's coronet touches the R in PLURIBUS. On the reverse there are no "cut-in" notches where the eagle's lower wings join to its torso. Struck in copper with a reeded edge.

Commentary.
As quoted in Pollock, coin dealer Samuel H. Chapman spoke about the reverse of this design in his 1913 sale of the Arthur Sargent collection:

"In a conference today, June 6, with the artist, Mr. George T. Morgan, he kindly informed me that 'this die with the deep serratures inserted by hand and with the feathers of the eagle's wing continued on the under edge of the body was the first model, and that he subsequently, in deference to the idea and wishes of the Committee on Coinage, changed the arrangement of the feathers so as to leave a gap in the under edge between the feathers and the body.' Mr. Morgan also stated that he made minor changes in several different models, and believed this model to be the rarest, but could not recall how many were struck from each die."

Andrew Pollock notes that the Lemus Collection example weighs 354.5 grains, with diameter of 1.493 in. and coin turn die alignment.

Physical Description.
Brick-red enlivens the surfaces with darker brown patina over the devices. Each side shows tremendous eye appeal and no mentionable contact. A couple of tiny dark spots at the back of Liberty's cheek near the jawbone provide pedigree identifiers. This piece certainly appears rarer than the Judd-1550A in the present sale (if without so illustrious a pedigree), as this is the sole example in any grade certified at either NGC or PCGS (11/08).

Provenance.
Ex: T. Elder (9/1938); Smith (Stack's, 12/1987), lot 1030.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 71912)

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