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    1893-S Morgan Dollar, MS62
    One of Five Mint State Coins With CAC
    Radiant Mint Luster and Brilliance

    1893-S $1 MS62 PCGS. CAC. Ex: Bella. The San Francisco Mint struck only 100,000 silver dollars in 1893, marking the lowest mintage of the Morgan series from any mint. The issue circulated extensively, with almost no examples preserved in the early years for numismatic purposes. It is generally accepted that any bag quantities of the date that remained in government vaults after the turn of the century were melted under the terms of the Pittman Act of 1918. By the time of the Treasury releases of the 1960s, no 1893-S dollar quantities were to be found in federal vaults. The only "bag quantity" of this date known to history was a group of about two dozen Mint State pieces that turned up in a bag of otherwise 1894-S dollars. This group appears to be the source of most Uncirculated pieces known today.

    A Mint State 1893-S dollar is an absolute rarity, not just a comparative one in the Morgan dollar series. PCGS and NGC combined list only 65 Uncirculated submissions, including likely duplication. Many of these coins lack eye appeal and so-called "quality for the grade," as only five Mint State 1893-S dollars overall have earned CAC endorsement. These include the present MS62 coin, three MS65 pieces, and an MS67 example. This piece, then, is the only CAC-approved Mint State 1893-S dollar below the Gem grade level. We have never before handled a Mint State 1893-S dollar with CAC endorsement. This piece simply has no equal among its peers, and it has no comparables at auction.

    Luster is brilliant and frosty, yielding a radiant cartwheel effect around each side. Scattered light abrasions limit the numeric grade, but absolutely no evidence of wear or friction is seen. As is often the case with Morgan dollars, the reverse is easily two points finer than the obverse, even though the latter dictates the overall grade. A Registry Set of Morgan dollars is simply not competitive in the PCGS Registry without a Mint State example of the 1893-S. For many collectors, such a coin is out of reach. But for those specialists piecing together high-ranking Registry Sets, this CAC-approved MS62 coin is a rare and important opportunity. Population: 5 in 62, 20 finer. CAC: 1 in 62, 4 finer (1/21).
    From The Lonestar Collection of Mint State and Proof Morgan Dollars. (Registry values: P10, N7079)

    Coin Index Numbers: (NGC ID# 255U, PCGS# 7226)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    View all of [The Lonestar Collection of Mint State and Proof Morgan Dollars ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    April, 2021
    22nd-25th Thursday-Sunday
    Bids + Registered Phone Bidders: 36
    Lot Tracking Activity: N/A
    Page Views: 1,635

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