Heritage World Coin Auctions
Dallas Signature US Coin Sale 1253 4-6 Apr 2017
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Morgan Dollars
1893-S $1 AU53 NGC. The 1893-S is one of the most desirable and popular issues in the Morgan dollar series. David Bowers, in his 2005 second edition Guide Book of Morgan Silver Dollars, makes some interesting comments about this important key date: "The majority of known pieces, into the thousands, are in the single grade category of Very Fine. Not G or VG, not EF or AU, but VF. Most such pieces circulated in the American West, and for an appropriate but apparently restricted time, to bring them to this grade. Mint State coins exist. However, among the great Treasury release coins of 1962 through 1964, no bag or even small group was found, although many stray pieces were identified, nearly all in the aforementioned VF grade."
The collector who desires to acquire a high-grade 1893-S for her/his collection will want to give serious consideration to the AU53 example in this lot. As Bowers implied above, Mint State specimens are not seen in quantity. NGC and PCGS combined have graded only 63 Uncirculated coins, and a number of them are likely resubmissions (2/17). This specimen contains a fair amount of luster in the recessed areas, and is essentially untoned. Sharp definition is apparent on the design elements, though light wear is visible in portions of Liberty's hair and on the eagle's breast. A few wispy circulation marks on each side do not detract.
Ex: Central States Signature (Heritage, 5/2007), lot 2180, where it realized $20,700.
From The Pellegrini Collection, Part IV.
HID02901242017
1893-S $1 AU53 NGC. The 1893-S is one of the most desirable and popular issues in the Morgan dollar series. David Bowers, in his 2005 second edition Guide Book of Morgan Silver Dollars, makes some interesting comments about this important key date: "The majority of known pieces, into the thousands, are in the single grade category of Very Fine. Not G or VG, not EF or AU, but VF. Most such pieces circulated in the American West, and for an appropriate but apparently restricted time, to bring them to this grade. Mint State coins exist. However, among the great Treasury release coins of 1962 through 1964, no bag or even small group was found, although many stray pieces were identified, nearly all in the aforementioned VF grade."
The collector who desires to acquire a high-grade 1893-S for her/his collection will want to give serious consideration to the AU53 example in this lot. As Bowers implied above, Mint State specimens are not seen in quantity. NGC and PCGS combined have graded only 63 Uncirculated coins, and a number of them are likely resubmissions (2/17). This specimen contains a fair amount of luster in the recessed areas, and is essentially untoned. Sharp definition is apparent on the design elements, though light wear is visible in portions of Liberty's hair and on the eagle's breast. A few wispy circulation marks on each side do not detract.
Ex: Central States Signature (Heritage, 5/2007), lot 2180, where it realized $20,700.
From The Pellegrini Collection, Part IV.
HID02901242017