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    1892-S Morgan Dollar, MS64
    Spectacular Near-Gem Rarity
    A Condition Key of the Series

    1892-S $1 MS64 PCGS. CAC. Ex: JCS Collection. The 1892-S is the second-rarest Morgan dollar in Mint State, trailing only the series key 1893-S. PCGS has certified more than 6,000 examples of this issue, but a mere 73 of those submissions are for Mint State coins. Moreover, just six of those Uncirculated coins carry Prooflike or Deep Mirror Prooflike designations (7/19). It is the aim of most collectors seeking an Uncirculated 1892-S dollar to acquire the finest possible non-Prooflike piece, since even one of these is difficult enough to come across.

    Collectors have not always appreciated the rarity of the 1892-S Morgan in high grade. The mintage of 1.2 million pieces, delivered throughout the year at 100,000 coins per month, appears to have been almost fully distributed from government vaults by the late 1930s. A number of pieces were dumped into circulation even before the turn of the century. A few bags of coins were distributed in the 1920s, but as Q. David Bowers writes, "little numismatic notice was taken of them."

    The market today is a much more vibrant arena for the 1892-S. Since the introduction of third party grading, fewer AU coins or "sliders" are being offered as Mint State, and the true rarity of Uncirculated coins is much more apparent. Today, a near-Gem or finer 1892-S Morgan dollar is suitable to headline the greatest numismatic auctions -- indeed, that is the usual place for such coins to appear, when and if their current owners decide to part with them.

    The present coin is quite a rarity. Showing a better strike in the centers than usual, it is also brilliant and frosty with vibrant cartwheel luster. A loupe allows one to study a few small marks on Liberty's cheek that deny Gem classification, although in any Mint State grade the 1892-S is a formidable acquisition. This piece, in MS64, is undeniably high-end for the issue. Population: 11 in 64 (2 in 64+), 14 finer. CAC: 4 in 64, 3 finer (7/19).
    From The Shucart Family (JCS) Collection of Morgan Silver 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 Shucart Family (JCS) Collection of Morgan Silver Dollars ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    September, 2019
    5th-8th Thursday-Sunday
    Bids + Registered Phone Bidders: 24
    Lot Tracking Activity: N/A
    Page Views: 2,503

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

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