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    1892-S Silver Dollar, MS62
    Second-Rarest Morgan in Mint State
    A Headlining Series Rarity

    1892-S $1 MS62 PCGS. Probably the most illustrious Mint State or proof Morgan dollars in an absolute sense are the 1893-S and the 1895. Those two issues would go on anyone's short list. Following that (and close behind) are likely the 1889-CC, the 1879-CC, and the 1892-S, whose blend of absolute and conditional rarity make them among the most highly sought-after and challenging acquisitions in the Morgan dollar series in high grade. But putting aside the popularity of the Carson City issues and the allure of the 1895 proof, the rarest Morgan dollar in Mint State after the 1893-S is the 1892-S. Q. David Bowers' Guide Book of Morgan Silver Dollars, fifth edition, remarks cogently concerning this issue:

    "Years ago, worn 1892-S dollars were common in dealers' stocks, and little attention was paid to them. Then, after the 1962 through 1964 Treasury releases were analyzed, and no cascade of Mint State 1892-S dollars had been found, a great demand arose for circulated pieces to supply the date and mint. The few Uncirculated coins that did exist mounted to ever-higher market levels, while more than just a few AU pieces were sold as being in Mint State (casting a pall on the market for this rarity)."

    This is a no-questions Uncirculated coin that should provide a relatively affordable middle ground for the many collectors seeking a Mint State example. The fields are remarkably lustrous for the grade. The coin is mostly brilliant on the obverse, with deep gold toning on the right rim; the reverse is an even subdued powder-gray to brilliant. The strike is a bit soft in the centers, most notably on the eagle's breast. A few light marks on Liberty's face account for the grade. From the #2 NGC Registry Set of Morgan dollars, circulation issue (all coins). Population: 26 in 62 (1 in 62+), 30 finer (10/17).
    Ex: Long Beach Signature (Heritage, 9/2009), lot 1121.
    From JC's 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 [JC's Dollars ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2018
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
    Page Views: 932

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

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