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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4162

Estimate: 1 USD
Price realized: 44 000 USD
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Morgan Dollars
1892-S $1 MS61 PCGS. The pool of Mint State 1892-S dollars is an extremely shallow one for collectors to draw on. Fewer than 130 combined grading events are recorded by PCGS and NGC in all Uncirculated grades -- less than any other Morgan dollar except for the rare (and much more famous) 1893-S. Not surprisingly, many fine collections have only a circulated example to represent the 1892-S. Overall, the issue is readily available in all circulated conditions, suggesting that most of the 1.2 million-piece mintage was released into commerce and not numismatically preserved or stockpiled in Treasury vaults.
This brilliant example is sharp, lustrous, and blaze-white except for faint traces of almond-gold patina at the centers. The obverse fields are semiprooflike while the reverse is smooth and frosted. Both sides show a number of small marks and abrasions consistent with the MS61 grade. There is no denying the Uncirculated status of this coin like-new mint luster and crisp eye appeal. Population: 7 in 61, 56 finer (3/17).
From The Siegel Collection.

HID02901242017
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