1884-S $1 MS64 PCGS....

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Sold on Apr 24, 2021 for:

$111,000.00 Bid Source: Internet bidder

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Description

1884-S Morgan Dollar, MS64
Sharp and Brilliant
Major San Francisco Condition Rarity

1884-S $1 MS64 PCGS. The 1884-S Morgan dollar has a certain "mystique," as Wayne Miller put it in The Morgan and Peace Dollar Textbook. The date was once considered to be a rarity in Mint State, but since the dawn of third party grading numerous Mint State coins have emerged onto the market. Most of these are low-grade pieces, and the 1884-S remains scarce in attractive Uncirculated condition. Such pieces are so difficult to acquire that most collectors opt for a pick out of the plethora of AU coins that continually flood the market.

The scarcity of the 1884-S in high grade is due to the fact that most of the 3.2 million pieces struck were released into circulation during the 19th century. It is believed that additional coins may have been among those melted a couple of decades later under the terms of the Pittman Act of 1918. In A Guide Book of Morgan Silver Dollars, fifth edition, Q. David Bowers notes that a few bags of this issue were paid out from the 1920s into the 1950s, but these again were unnoticed by numismatists and largely went into circulation, or, as Bowers suggests, possibly casinos. Whatever the fate of most 1884-S dollars, the inherent fact of its modern availability is that collectors wanting a coin graded finer than MS62 will encounter a challenge, and only a handful of fortunate specialists will be able to acquire a coin in MS64 or finer. We last handled a piece in this grade in our 2015 FUN Signature, where a PCGS CAC coin realized $123,375.

This piece displays impressively sharp definition and brilliant, satiny luster. Slight reflectivity is seen in the fields when angled beneath a light. Those fields -- particularly on the all-important obverse -- are largely unabraded, and were it not for a light graze on Liberty's cheekbone this piece might have been considered for Gem classification. As it stands, it is one of just a dozen pieces reported at PCGS in this grade, and there are only six finer coins reported at PCGS and NGC combined. Population: 12 in 64 (2 in 64+), 3 finer (3/21).(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

View Certification Details from PCGS