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    Description

    1892-S Morgan Dollar, MS62
    Series Key, Rare in Mint State

    1892-S $1 MS62 PCGS. The 1892-S Morgan dollar in Mint State is a coin that today makes series specialists (and even some more casual collectors) take notice, but in earlier days it had a checkered history that colored the perception of the issue. In fact, the 1892-S was then and is now a great rarity in true Mint State. The issue is one, however, that has benefited immensely from the advent of third-party certification. In earlier days, there were many unfortunate appearances of "slider Uncirculated" coins passed off to unsuspecting buyers as Mint State or Uncirculated -- pieces that were, in fact, high-end AU coins.

    This unfortunate combination of circumstances had the effect of holding down values and prices for the issue throughout the upper end of the grading range, even for coins that were acknowledged Mint State representatives. Today, the situation has resolved itself, and the few surviving Mint State examples of the issues are recognized -- and valued accordingly -- for the rarities they are. Take a look at the current PCGS CoinFacts webpage for the issue, where an AU58 is priced at $12,500, while an MS60 1892-S more than triples to $45,000, and an MS62 PCGS example, such as the current piece, is priced at $80,000.

    The mintage of the 1892-S Morgan dollar issue was only 1.2 million coins, and few examples survive in certified Mint State grades. PCGS shows a total of 67 submissions ranging from MS60 through MS67; there are also five Mint State Prooflike coins and a single Deep Mirror Prooflike example. Given the rapidly rising grade-price curve, it is a certainty that those figures contain duplicate submissions.

    Examples finer than the present MS62 PCGS example are seldom seen and seldom offered. This piece offers abundant eye appeal over surfaces that show gentle yet thorough mint luster throughout. Each side is dove-gray with faint rose accents, and the strike is sharp, as usually found on the issue. A few small contact marks scattered about Liberty's face and in the fields account for the grade. This piece will almost certainly see fierce bidding at auction, and series specialists should plan accordingly. Population: 27 in 62 (1 in 62+), 31 finer (1/21).
    Ex: New York Signature (Heritage, 11/2013), lot 3722.
    From The Lonestar Collection of Mint State and Proof Morgan Dollars. (Registry values: P8, N7079)

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

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    View all of [The Lonestar Collection of Mint State and Proof Morgan Dollars ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    April, 2021
    22nd-25th Thursday-Sunday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
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