1883-S $1 MS64 Deep Mirror Prooflike PCGS....

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$92,000.00 Bid Source: Live: Floor bidder

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Perhaps the Finest Known 1883-S Dollar
MS64 Deep Mirror Prooflike

1883-S $1 MS64 Deep Mirror Prooflike PCGS. Ex: Jack Lee. Dave Bowers comments on the 1883-S dollar in his Guide Book of Morgan Silver Dollars (2007): "Some dies are prooflike, but not necessarily deeply mirrored. Among 1883-S dollars in Mint State, these are encountered with regularity, that is, when Mint State pieces themselves are found--for all 1883-S dollars are elusive at that grade level. DMPL coins are exceedingly rare." To substantiate Bowers' claim that this issue is "exceedingly rare" with the Deep Mirror Prooflike designation, one need only review the current NGC Census Report and PCGS Population Report. As of (11/08), PCGS has certified only two pieces as Deep Mirror Prooflike: the current offering and a respectable MS61 example. NGC reports a total of seven coins with the designation--the finest being an MS64 and the balance being either AU or MS62.
This piece--pedigreed to Jack Lee as noted on the PCGS insert--is of unimaginable quality for the issue. A light golden cast is evenly dispersed across each side, attesting to this 1883-S dollar's utter originality. Without the aid of magnification we can only identify a few scattered abrasions. One is noted in the right obverse field behind Liberty's cap and another is visible under the eagle's beak. Additionally, a mark is visible in the left obverse field near Liberty's neck, but closer examination suggests the possibility that the tiny abrasion is actually a planchet flaw. It is unfair, really, to hold a coin with such delicate, watery fields to the same grading standards as a frosty Mint State coin, since the aforementioned flaws would likely be obscured by luster as opposed to being accentuated by pristine mirrors. A special coin destined for the most discriminating of cabinets.
From The Arno Collection.
See: Video Lot Description(Registry values: P7, N7079)

Coin Index Numbers: (NGC ID# 254K, PCGS# 97149, Greysheet# 7733)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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