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Dallas Signature Sale 1373 28-31 Mar 2024
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Morgan Dollars
1892-S $1 MS61 NGC. The San Francisco Mint produced a fairly modest mintage of 1.2 million Morgan dollars in 1892, but the issue is an underrated condition rarity in high grade. The coins were delivered in a remarkably consistent pattern, with 100,000 pieces delivered every month throughout the year. Most of the coins were immediately released into circulation, where they circulated widely in the hard-money economy of the American West. While some coins were undoubtedly held back in government storage, most of them were probably melted in 1918, under the provisions of the Pittman Act. The 1892-S is not difficult to locate in circulated grades today, but among circulation-strike Morgan dollars, only the celebrated 1893-S is more elusive in Mint State.
This impressive MS61 example exhibits lustrous,mostly brilliant surfaces that are lightly marked for the grade. A few highlights of sea-green and amber toning are evident at the borders. The design elements are well detailed, with just a touch of softness on the eagle's breast. An extensive network of faint die peripheral cracks travel through the reverse legends. Eye appeal is quite strong for the issue. Census: 16 in 61, 27 finer (2/24).
https://coins.ha.com/itm/morgan-dollars/1892-s-1-ms61-ngc/a/1373-3060.s?type=DA-DMC-CoinArchives-USCoins-1373-03282024
HID02906262019
© 2024 Heritage Auctions | All Rights Reserved
1892-S $1 MS61 NGC. The San Francisco Mint produced a fairly modest mintage of 1.2 million Morgan dollars in 1892, but the issue is an underrated condition rarity in high grade. The coins were delivered in a remarkably consistent pattern, with 100,000 pieces delivered every month throughout the year. Most of the coins were immediately released into circulation, where they circulated widely in the hard-money economy of the American West. While some coins were undoubtedly held back in government storage, most of them were probably melted in 1918, under the provisions of the Pittman Act. The 1892-S is not difficult to locate in circulated grades today, but among circulation-strike Morgan dollars, only the celebrated 1893-S is more elusive in Mint State.
This impressive MS61 example exhibits lustrous,mostly brilliant surfaces that are lightly marked for the grade. A few highlights of sea-green and amber toning are evident at the borders. The design elements are well detailed, with just a touch of softness on the eagle's breast. An extensive network of faint die peripheral cracks travel through the reverse legends. Eye appeal is quite strong for the issue. Census: 16 in 61, 27 finer (2/24).
https://coins.ha.com/itm/morgan-dollars/1892-s-1-ms61-ngc/a/1373-3060.s?type=DA-DMC-CoinArchives-USCoins-1373-03282024
HID02906262019
© 2024 Heritage Auctions | All Rights Reserved