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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4168

Estimate: 1 USD
Price realized: 28 000 USD
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Morgan Dollars
1895-S $1 MS65 PCGS. CAC. The mintage of the 1895-S (400,000 coins) is unusually low for the series, which was for great periods time of fueled in production by congressional legislation rather than commercial demand. The low production total was accomplished from February through May, and only small amounts were initially paid out into circulation. According to Dave Bowers, some bags of Mint State pieces were released from the San Francisco Mint and the Treasury in the 1940s and 1950s, but with most coins ending up in circulation rather than collectors' hands. After this point, no significant quantities of the 1895-S were distributed into the numismatic market, and the date remains scarce in Mint State.
This Gem example is conditionally rare, and finer coins are extremely rare. It is also one of the top eight coins awarded a CAC green label. Liberty's cheek is clean and the strike is sharp. The obverse showcases frosty, brilliant luster, while the untoned reverse has semiprooflike reflectivity in the fields. Population: 42 in 65 (3 in 65+), 3 finer. CAC: 6 in 65, 2 finer (3/17).
From The Siegel Collection.

HID02901242017
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