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Dallas Signature US Coin Sale 1253  4-6 Apr 2017
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Lot 15879

Starting price: 1 USD
Price realized: 18 000 USD
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Morgan Dollars
1893-S $1 AU53 PCGS. Nearly full luster is visible on each side of this example, complementing the attractive light gray and gold surfaces. Both sides have the usual quota of small surface marks that are expected at this grade level. This is a splendid piece with excellent eye appeal. A number of key-date coins have recently enjoyed exceptional demand in all grades, including this 1893-S silver dollar. As the supply of these coins has remained stationary, the increased demand has forced prices higher, a basic rule of economics. An additional factor in the price structure of these coins is the popularity of this issue in all AU grades. With Mint State pieces priced at extremely high levels, many collectors are entirely satisfied with a nice AU piece, such as this example.
Ex: National Money Show Auction (Heritage, 3/2007), lot 1351, where it brought $21,850.
From The Pellegrini Collection, Part IV.

HID02901242017
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