LOT #4202 |
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1892-S $1 MS61 NGC....
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Sold on Jul 9, 2010 for:
Not Sold Description
1892-S Morgan Dollar, MS61
Prime Condition Rarity
1892-S $1 MS61 NGC. The mintage of 1892-S Morgan dollars was
modest for the series, at 1.2 million pieces. Almost all of the
coins were released into circulation in the 1890s, and few examples
were saved by collectors, with the result that the issue is rare in
Mint State grades today. Augustus Heaton's reference on branch-mint
coins would be published the following year, and collector interest
in mintmarked issues blossomed in the early 20th century, but
nearly all examples of the 1892-S had seen extensive circulation by
that time.Contemporary collectors largely ignored the 1892-S when it appeared in auction catalogs. An early offering occurred in lot 347 of the New Jersey Collection (Ed Frossard, 3/1898), "1892 San Francisco mint. Uncirculated." The lot realized only $1.05, a small return, even in those days. The 1892-S was not present in any quantities in the silver dollar releases of the San Francisco Mint in the 1940s and 1950s. Likewise, the issue was underrepresented in the great Treasury releases of the early 1960s. In recent years, analysis by specialists like Wayne Miller revealed the true rarity of the 1892-S in Mint State. Collectors today are aware of its status as a prime condition rarity in the series.
The present coin is an attractive Mint State example, featuring needle-sharp striking details. Even the hair above Liberty's ear is crisply rendered. The fields are reflective and semiprooflike, especially on the reverse. The surfaces are brilliant at the centers, with a light patina of golden color growing stronger at the rims. A scattering of hairmarks in the fields and a few minor handling marks on Liberty's cheek explain the grade. Census: 11 in 61, 28 finer (6/10).(Registry values: P8, N4719)
Coin Index Numbers: (NGC ID# 255P, PCGS# 7218, GSID# 7608)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Melt Value: $13.92
Silver Spot: $18/oz (07-09-2010)
Mintage: 1,200,000
Auction Info
2010 July Orlando, FL (Summer FUN) Signature US Coin Auction #1142 (go to Auction Home page)
Auction Dates
July, 2010
8th-11th
Thursday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,799
Buyer's Premium per Lot:
15% of the successful bid per lot.
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