LOT #1791 |
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1901 $1 MS63 NGC....
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Description
High Grade 1901 Morgan Dollar, MS63
A Key Condition Rarity in the Series
1901 $1 MS63 NGC. In his efforts to trace the releases of
Morgan dollars, David Bowers in his book American Coin Treasures
and Hoards, sums up the information on 1901 releases saying,
"So far as is known, this date was not represented in any Treasury
releases of the 1940s, 1950s or the remarkable early 1960s."
Numismatic News columnist Paul Green, in a January 9, 2007
article, writes: "... we cannot say with certainty the 1901 was not
released. We can simply suggest that if released, it was not
reported." It seems a safe assumption from the coins extant today
that the 1901 was almost entirely released into the channels of
commerce. It seems that of the 6.9 million coins produced, only the
collectors who desired a "new" coin in 1901 were the ones to
receive one. And there were very few collectors who wanted a
business strike Morgan dollar in 1901. Chance undoubtedly accounted
for the preservation of a few of them as keepsakes, but again that
is very few pieces. This situation is analogous to that of the
1884-S, both are issues that appear to be "struck in AU" from the
appearance of most high grade examples.The satiny mint luster on this piece is unaffected by the signs of handling that afflict most 1901 dollars. To view this piece by itself, and not in the context of the thousands of AU coins that are known, one would never know how difficult this date is to locate in strict mint condition. The surfaces show touches of golden-tan color at the margins, framing the untoned centers. Sharp definition characterizes the design elements, save for minor softness on the eagle's breast, and a few minute obverse marks explain the grade.(Registry values: P9, N4719)
Coin Index Numbers: (NGC ID# 256J, PCGS# 7272, GSID# 7590)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 6,962,813
Auction Info
2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 632
Buyer's Premium per Lot:
15% of the successful bid per lot.
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