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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5749

Starting price: 1 USD
Price realized: 10 000 USD
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Morgan Dollars
1884-S $1 MS61 PCGS. The 1884-S Morgan dollar was produced in adequate numbers, with a reported mintage of 3.2 million pieces. Most of the coins were released into circulation near the time of issue and few were saved for numismatic purposes. Some coins were held in government storage, as relatively small quantities were paid out over the years, never attracting much in the way of numismatic interest. Some coins may have been melted in 1918 under the provisions of the Pittman Act. When collector interest finally blossomed in the 1930s, few high-quality examples could be found. The 1884-S is a key date in the series today.
The present coin is a pleasing Mint State specimen, with well-detailed design elements and frosty mint luster, under shades of lavender-gray and sea-green toning. The surfaces show the minimum number of minor contact marks for the grade. This coin will be a welcome addition to a fine collection of Morgan dollars.
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