LOT #4190 |
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1884-S $1 MS64 PCGS. CAC....
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Sold on Jan 7, 2015 for:
$123,375.00
Bid Source: HA.com/Live bidder
Description
1884-S Dollar, Sharply Struck MS64
An Important Condition Rarity
1884-S $1 MS64 PCGS. CAC. The vast majority of the 3.2
million Morgan silver dollars produced at the San Francisco Mint in
1884 either entered the channels of commerce or were shipped
overseas and likely melted. Michael Standish, in his 2014 Morgan
Dollar reference writes that:"San Francisco shipped nearly 100 million surplus dollars to be converted by the British into Indian rupees. Mint records of dates and quantities sold are unavailable, but the answer to the mystery of 'Where are the Uncirculated 1884-S Dollars?' likely leads to Calcutta."
PCGS/NGC population reports indicate that of the more than 15,000 1884-S dollars seen by the two services approximately 95 percent are in circulated grades, especially Very Fine through high-end About Uncirculated. The relatively few extant Mint State coins are concentrated in the MS60 to MS62 grade range. This date becomes elusive in the Select level of preservation, and near-Gems and finer specimens are rare. Twenty-three submissions are graded MS64 and six are certified higher.
The current neat-Gem offering displays bright silvery surfaces with hints of light gray showing up under magnification. Partially prooflike fields are apparent when the coin is rotated under a light source, more so on the reverse. The design elements are sharply struck and exhibit strong definition in the hair above Liberty's ear; the eagle's breast feathers also show relatively good detail. Close inspection reveals nicely cared for surfaces devoid of significant marks. This piece yields pleasing overall eye appeal aptly recognized by CAC. Population: 11 in 64, 3 finer (12/14).(Registry values: P9, N7079)
Coin Index Numbers: (NGC ID# 254P, PCGS# 7156, GSID# 7528)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 3,200,000
Auction Info
2015 January 7 - 12 FUN US Coins Signature Auction - Orlando #1216 (go to Auction Home page)
Auction Dates
January, 2015
7th-12th
Wednesday-Monday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 2,969
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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