Skip to main content
Go to accessibility notice

    Description

    1892-S Morgan Dollar, MS63
    Notable Condition Rarity, Seldom Available

    1892-S $1 MS63 NGC. A check of auction records going back a dozen years reveals remarkably few sales of this key date in Select Uncirculated or finer conditions. Oddly, it is more unusual to see a coin offered at the MS63 level (such as the present coin) than it is at higher Mint State 64 or 65 grades. David Bowers noted the same anomaly when writing his 1993 Encyclopedia, with higher-grade coins appearing more frequently seen than their mid-grade, Uncirculated counterparts. He suggested only 25 to 50 coins exist in Select Uncirculated condition, an estimate that seems accurate (or even a bit overstated) based on today's population reports. Given the large price differences between grades, it is a trend worth noting when assembling a Select-or-better set.

    Apparently, almost all 1892-S dollars entered circulation shortly after production, and today the mintage is most often represented by coins in circulated grades. Almost no Uncirculated examples emerged from the final Treasury releases or GSA sales, and sliders were widely sold as Uncirculated coins before third-party grading evolved to help put an end to the practice. For many years, the 1892-S had a "bad reputation" of being overgraded and overvalued. The irony is those price levels seem unbelievably generous in today's market.

    This untoned, silver-white example is wonderfully unabraded for the grade, with exceptional smoothness to the fields and Liberty's cheek. Soft, satiny luster is abundant over the semiprooflike surfaces. A touch of weakness over the ear does not detract from the otherwise-bold devices. Census: 7 in 63, 12 finer (2/17).
    Ex: M L Moser Collection/Central States Signature (Heritage, 4/2014), lot 5306.
    From The Pellegrini Collection, Part IV.(Registry values: P8, N7079) (NGC ID# 255P, PCGS# 7218)

    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 Pellegrini Collection, Part IV ]

    Auction Info

    Auction Dates
    April, 2017
    4th-6th Tuesday-Thursday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 3,227

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 4 days left to consign to the 2019 September 4 - 9 Long Beach Expo US Coins Signature Auction - !

    Learn about consigning with us

    The results exceeded our expectations by approximately 50%, and we are so happy that we went with Heritage Auction for the sale of the coins.
    H. Walter K.,
    Barnstable, MA
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 July 11 - 14 Summer FUN US Coins Signature Auction - Orlando
    2019 July 11 - 14 Summer FUN US Coins Signature Auction - Orlando
    REALIZED $5,813,572
    2019 June 27 - 28 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    2019 June 27 - 28 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    REALIZED $3,112,945
    2019 June 26-28 HKINF World Paper Money Signature Auction - Hong Kong
    2019 June 26-28 HKINF World Paper Money Signature Auction - Hong Kong
    REALIZED $2,686,315