LOT Old Heritage Auctions  /  2007 Dallas Signature Coin Auction #450  / 

42

1884-S S$1 MS63 PCGS. Brilliant and lustrous with shar

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1884-S S$1 MS63 PCGS. Brilliant and lustrous with shar
<B>1884-S S$1 MS63 PCGS.</B></I> Brilliant and lustrous with sharp design features and soft, frosty surfaces. Only slight traces of gold toning are visible on each side. This piece is typical of the few surviving Mint State examples of the date, with frosty luster and sharp details. In fact, these are keys to collecting and should always be present on true Mint State pieces. Many near-Mint coins exist with less than full details and with rather dull luster.<BR> The '84-S is a rarity in Mint State grades, although the reasons are not entirely known. While it is certain that there were few, if any, examples among the Treasury silver dollar disbursement of the early 1960s, it is not known how many pieces entered circulation at the time of issue, nor how many may have been melted under the Pittman Act of 1918 or at other times. The preponderance of circulated examples that have survived today clearly indicates that some portion of the original mintage saw use in commerce.<BR> The actual rarity of this date was not widely recognized until at least the 1930s. Before that time, there were relatively few collectors of U.S. coinage, and most were interested in the older types. While some collectors kept up to date by purchasing proofs as they were issued, or pulled a single example from circulation if proofs were not coined, few made an active study of these modern coins. The coin market expanded considerably in the 1930s, influenced by extensive commemorative coinage issues, and it was at that time that the rarity of this issue was first recognized. But it was not until well after the Treasury release of the early 1960s that this date took its place as one of the prime rarities in the Morgan dollar series. Dave Bowers noted: "In the years after 1964, as the framework of the Morgan dollar was built, it was realized that the 1884-S dollar was basically rare in Mint State in relation to the demand, and those that did exist were in lower grades." Population: 37 in 63, 16 finer (2/07).<BR><I>From The Jackson Hole Collection.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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