1892-S $1 MS62 PCGS....

Click the image to load the highest resolution version.

Sold on Sep 11, 2009 for:

Not Sold

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Elusive MS62 1892-S Morgan Dollar

1892-S $1 MS62 PCGS. Probably the most illustrious Mint State or proof Morgan dollars in an absolute sense have to be the 1893-S and the 1895. Those two coins would go on anyone's short list. Following that (and close behind) would likely be the 1889-CC, the 1879-CC, and the 1892-S. Those are coins that blend absolute rarity with conditional rarity, although series aficionados could make various claims for other issues such as the 1893-CC, the 1894-P, 1886-O, 1896-O, and 1901. Q. David Bowers' Guide Book of Morgan Silver Dollars remarks cogently concerning the 1892-S:

"Years ago, worn 1892-S dollars were common in dealers' stocks, and little attention was paid to them. Then, after the 1962 through 1964 Treasury releases were analyzed, and no cascade of Mint State 1892-S dollars had been found, a great demand arose for circulated pieces to supply the date and mint. The few Uncirculated coins that did exist mounted to ever-higher market levels, while more than just a few AU pieces were sold as being in Mint State (casting a pall on the market for this rarity)."

This is a no-questions Uncirculated coin that should provide a relatively affordable middle ground for the many collectors seeking a Mint State example. The fields are remarkably lustrous for the grade. The coin is mostly brilliant on the obverse, with deep gold toning on the right rim; the reverse is an even subdued powder-gray to brilliant. The strike is a bit soft in the centers, most notably on the eagle's breast. A few light marks on Liberty's face account for the grade. Population: 24 in 62, 28 finer (8/09).(Registry values: P8, N7079)

Coin Index Numbers: (NGC ID# 255P, PCGS# 7218, GSID# 7608)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Melt Value: $13.15
Silver Spot: $17/oz (09-11-2009)
Mintage: 1,200,000

View Certification Details from PCGS