1896-S $1 MS66 NGC....

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Sold on Jan 9, 2009 for:

$43,125.00 Bid Source: HA.com/Live bidder

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Sensational 1896-S Morgan Dollar, MS66

1896-S $1 MS66 NGC. Heavy circulation and widespread melting seem to explain the dichotomy that characterizes the 1896-S Morgan dollar. Worn examples are easily obtainable through the Very Fine grade level, but Extremely Fine and About Uncirculated representatives are scarce. In Mint State, this issue becomes a rarity, particularly at the Gem level, where the certified population drops off rapidly.
Lower-level Uncirculated 1896-S pieces can be acquired with searching and patience. According to David Bowers, writing in his Silver Dollars & Trade Dollars of the United States, several hundred 1896-S coins grading MS60 to MS63 found their way to the holdings of Reno investor LaVere Redfield, probably from a California or Nevada dealer source, and later included in his estate.
As an MS66 example, this coin aspires to the uppermost echelon. NGC and PCGS combined have graded only five pieces as Premium Gem, and a mere three examples finer (10/08). This untoned specimen is expectedly abrasion-free for the grade. The luster is bright and frosty, and the strike is well above-average by the standards of the date and series. An interesting area of satiny luster is seen on Liberty's cheek. With impressive technical quality and eye appeal for this often aesthetically challenged issue, there is no doubt in our mind that this coin will elicit significant bidder competition. Census: 4 in 66, 1 finer (10/08).
From The Sanderson Family Collection.
See: Video Lot Description(Registry values: P7, N7079)

Coin Index Numbers: (NGC ID# 2564, PCGS# 7244, Greysheet# 7627)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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