Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Morgan Dollars
1878-S $1 Long Arrow Shaft, VAM-60, Top 100, MS62 Deep Mirror Prooflike PCGS. A Top 100 Variety, A Top 30 1878-S Variety. VAM-60 is rare. VAMworld.com states in part: "VAM-60 is rare in any grade, and demand for this variety is extremely high with only a few examples known..." PCGS reports only 26 attributions of the VAM-60 die pair, with almost all in low circulated grades. There are exactly two Mint State pieces listed at PCGS, both MS62 Deep Mirror Prooflike. NGC has attributed only one coin as VAM-60, and it grades Good 4. According to VAMworld.com, ANACS has seen eight pieces, with the finest in AU50 (3/17).
VAM-60 is distinctive for having been struck with the Long Nock Reverse, which is believed to have been only briefly used early in the production of Morgan dollars at the San Francisco Mint. The obverse is identified by short die spikes protruding from Liberty's eye.
This deeply reflective example displays mottled lavender-gold and bluish toning on each side, with considerable cameo contrast shining through. Scattered hairlines, as might be seen on a proof of this grade, are the only imperfections that limit the numeric designation. We anticipate strong interest in this piece from VAM specialists.
HID02901242017
1878-S $1 Long Arrow Shaft, VAM-60, Top 100, MS62 Deep Mirror Prooflike PCGS. A Top 100 Variety, A Top 30 1878-S Variety. VAM-60 is rare. VAMworld.com states in part: "VAM-60 is rare in any grade, and demand for this variety is extremely high with only a few examples known..." PCGS reports only 26 attributions of the VAM-60 die pair, with almost all in low circulated grades. There are exactly two Mint State pieces listed at PCGS, both MS62 Deep Mirror Prooflike. NGC has attributed only one coin as VAM-60, and it grades Good 4. According to VAMworld.com, ANACS has seen eight pieces, with the finest in AU50 (3/17).
VAM-60 is distinctive for having been struck with the Long Nock Reverse, which is believed to have been only briefly used early in the production of Morgan dollars at the San Francisco Mint. The obverse is identified by short die spikes protruding from Liberty's eye.
This deeply reflective example displays mottled lavender-gold and bluish toning on each side, with considerable cameo contrast shining through. Scattered hairlines, as might be seen on a proof of this grade, are the only imperfections that limit the numeric designation. We anticipate strong interest in this piece from VAM specialists.
HID02901242017