Heritage World Coin Auctions
ANA Signature US Coin Sale 1258 2-6 Aug 2017
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Morgan Dollars
1893-S $1 AU53 PCGS. The Sherman Silver Purchase Act was repealed in 1893, due to the financial panic that gripped the nation that year. This brought a halt to the massive mintages of unneeded silver dollars that had been mandated by the act in previous years. Production was drastically reduced, and the San Francisco Mint struck a series-low mintage of 100,000 Morgan dollars, all delivered in January, before the effects of the economic upheaval were fully realized. Many of the coins were released into circulation at an early date, and any examples held in government storage were probably melted in 1918, under the provisions of the Pittman Act. Most survivors are in the VF-XF grade range today.
The present coin is an impressive AU53 example, with a touch of light wear on the high points of the design. The pleasing surfaces are lightly abraded and retain much original mint luster. A few hints of golden-tan toning add to the considerable visual appeal. Altogether, a most attractive example of this important series key. Population: 86 in 53, 95 finer (6/17).
HID02901242017
1893-S $1 AU53 PCGS. The Sherman Silver Purchase Act was repealed in 1893, due to the financial panic that gripped the nation that year. This brought a halt to the massive mintages of unneeded silver dollars that had been mandated by the act in previous years. Production was drastically reduced, and the San Francisco Mint struck a series-low mintage of 100,000 Morgan dollars, all delivered in January, before the effects of the economic upheaval were fully realized. Many of the coins were released into circulation at an early date, and any examples held in government storage were probably melted in 1918, under the provisions of the Pittman Act. Most survivors are in the VF-XF grade range today.
The present coin is an impressive AU53 example, with a touch of light wear on the high points of the design. The pleasing surfaces are lightly abraded and retain much original mint luster. A few hints of golden-tan toning add to the considerable visual appeal. Altogether, a most attractive example of this important series key. Population: 86 in 53, 95 finer (6/17).
HID02901242017