1901-S S$1

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Description

PCGS 1901-S MS 66. The 1901-S is the rarest S-mint dollar in the 1897-1902 period. While relatively common in circulated grades, it is very scarce in mint state, indicating the majority of this issue went directly into circulation and few were saved. This piece was saved, however, and according to the consignor, along with a 1901-S dime, quarter, and half dollar (offered elsewhere in this catalog), all were found in the cornerstone of a schoolhouse in Reno, Nevada.
In his landmark book on Morgan and Peace dollars, Wayne Miller makes the statement, "There is no "typical" BU specimen of the 1901-S dollar." Meaning, there are a wide variety of finishes seen on this issue, much depending upon whether the coin was struck from a C3 or C4 reverse die. This coin was struck from a C3 reverse die. As is often seen on '01-S dollars from C3 dies, the striking quality is weakly defined. The highest portion on each side, that is, over the ear on the obverse and the eagle's breast feathers on the reverse, shows roller marks. These are striations impressed into the planchet strip as the strip is reduced in thickness by passing through rollers of successively narrower and narrower gauge. The fields are bright and semi-prooflike, quite a rarity in itself for an '01-S, and the luster overall is satiny and rather subdued. There are virtually no marks on this immaculate coin. We suppose the marks that are on it occurred in 1901 prior to its entombment in the cornerstone. Unlike the other three coins in the mint set, the dollar does show just the slightest hint of color around the periphery on the obverse and an even, light layer of golden-brown across the reverse. A singular opportunity to acquire this semi-key Morgan dollar in the ultimate condition. Population: 7 in 66, none are finer (5/94).

Coin Index Numbers: (NGC ID# 256L, PCGS# 7276, GSID# 7650)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 2,284,000

View Certification Details from PCGS