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    1901 Morgan Dollar, MS64
    Challenging Issue in High Grade

    1901 $1 MS64 PCGS. CAC. This is a remarkable near-Gem example of the conditionally rare 1901 Morgan silver dollar. Despite an impressive mintage of nearly 7 million coins, few have survived in any Mint State grade. Rather than the usual "strike and store" policy that affected most Morgan dollar issues, these coins were actually placed into circulation at the time of issue. Examples held in government storage almost certainly met their fate under the Pittman Act of 1918.

    In his Silver Dollar Encyclopedia, David Bowers described the typical Mint State 1901 Morgan dollar:

    "Most Mint State 1901 dollars are poorly struck and have inadequate luster. A coin that is MS-60 to MS-62 from a technical viewpoint, can be dull and unattractive. As it this were not enough, most show unsightly bagmarks. ... higher grade Mint State dollars exist but are exceedingly rare. The typical specialist in silver dollars will often find that years elapse between stocking coins in as high as MS-63 grade. Forget about MS-64 and MS-65."

    For the collector who has a serious interest in this piece, we recommend reading the above comments while viewing the coin in person. The following will be noted: While not fully struck, it is a clear exception to the usual rule of poorly struck coins. Only one or two bag marks are visible on each side, none "unsightly." Not only does this piece display adequate luster, it is highly lustrous, fully brilliant, and most attractive. This is an attractive near-Gem 1901 Morgan silver dollar, a conditionally rare and highly desirable coin. It is almost exactly the opposite of the usually seen representative of this date. Population: 33 in 64, 3 finer. CAC: 3 in 64, 1 finer (1/19).
    Ex: Chicago Signature (Heritage, 8/2011), lot 7346, realized $43,125; FUN Signature (Heritage, 1/2013), lot 5745. realized $44,062.50.
    From The Perfection Collection of DMPL/Prooflike Morgan Dollars.(Registry values: P9, N7079)

    Coin Index Numbers: (NGC ID# 256J, PCGS# 7272)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Perfection Collection of DMPL/Prooflike Morgan Dollars ]

    Auction Info

    Auction Dates
    April, 2019
    25th-28th Thursday-Sunday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 1,212

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