1884-S $1 MS65 NGC....

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Captivating Condition Rarity 1884-S Gem Dollar

1884-S $1 MS65 NGC. The San Francisco Mint produced 3,200,000 business strike dollars in 1884. Most of these were apparently placed into circulation. As David Bowers writes in his Silver Dollars and Trade Dollars of the United States, this was a rather unusual situation for the Morgan dollar series: "Large quantities of most other contemporary issues were bagged and then relegated to storage, to see the light of day in 1962-1964. Apparently, not so with the 1884-S." Circulated coins are therefore common, even in Extremely Fine and About Uncirculated grades.
With regard to Mint State 1884-S dollars, Bowers goes on to say: "Relatively few ... were saved until later years, with the result that on the numismatic market today, Uncirculated coins are both highly prized and highly priced." Most NGC/PCGS Mint State pieces are in the MS60 to MS63 levels. The two services have certified fewer than 30 near-Gems, three Gems, and three specimens finer.
The Gem offered in this lot displays partially prooflike surfaces, especially on the obverse. Whispers of light golden-brown toning concentrate on the margins, joined by wisps of sky-blue on the obverse and russet on the reverse. An attentive strike sharpens the design features, including those in the central areas that are often weak. A few stray minute marks are well within the parameters of the designated grade. This captivating condition rarity will elicit spirited bidding. Census: 2 in 65, 1 finer (11/08).
From The Sanderson Family Collection.
See: Video Lot Description(Registry values: P9, N14284)

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

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