Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Morgan Dollars
1892-S $1 AU58 PCGS. The 1892-S Morgan dollar claims a mintage of 1.2 million pieces, with the coins struck throughout the year in a remarkably consistent pattern. Every month in 1892, the San Francisco Mint delivered a batch of 100,000 coins, like clockwork. These coins were mostly released into circulation, and the portion of the mintage that was held in government storage was probably melted in 1918, under the provisions of the Pittman Act. The 1892-S was not well-represented in the Treasury releases of the 1960s, and the issue is both underrated and difficult to locate in high grade today.
The present coin is an impressive near-Mint example that shows just a trace of high-point wear on the well-detailed design elements. The surfaces are lightly abraded and retain significant amounts of original mint luster. PCGS has graded only 65 coins in all Mint State grades (11/16).
1892-S $1 AU58 PCGS. The 1892-S Morgan dollar claims a mintage of 1.2 million pieces, with the coins struck throughout the year in a remarkably consistent pattern. Every month in 1892, the San Francisco Mint delivered a batch of 100,000 coins, like clockwork. These coins were mostly released into circulation, and the portion of the mintage that was held in government storage was probably melted in 1918, under the provisions of the Pittman Act. The 1892-S was not well-represented in the Treasury releases of the 1960s, and the issue is both underrated and difficult to locate in high grade today.
The present coin is an impressive near-Mint example that shows just a trace of high-point wear on the well-detailed design elements. The surfaces are lightly abraded and retain significant amounts of original mint luster. PCGS has graded only 65 coins in all Mint State grades (11/16).