NOT SOLD (BIDDING OVER), HIGH BID WAS
490.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2018 Sep 17 @ 18:00UTC-7 : PDT/MST
Welcome back. Due to the number of inquiries about consignments we request that any questions are emailed to newsletter@coinssince1994.com . Enjoy!
This lot is for a Beautiful Roll of Brilliantly Uncirculated Silver Morgan Dollars (20-Coins). These Philadelphia minted 1887 coins have a strong strike and a flashy luster. These are all in BU uncirculated condition.
Product Information:
Q. David Bowers
The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)
Coinage Context:
Another record: The mintage record in the Morgan series set in 1886 by Philadelphia didn't last long, and the 20,290,000 production figure for 1887 eclipsed it, if only by a narrow margin. The new record would stand until 1921.
Numismatic Information:
Common issue: The record high mintage of 1887 Morgan dollars translates neatly today into the issue being the most plentiful of all Morgan issues of the early period from 1878 to 1904. Specimens are easily available in just about every circulation strike grade imaginable, from well-worn through MS-65. Those who like higher numbers, buyers mainly from the investment (rather than the numismatic) sector, will have no trouble loading themselves down with MS-66, MS-67, etc., coins.
The 1887 dollar was plentiful years ago, and additional Treasury releases, from coins stored at the Philadelphia Mint, took place in 1938, the 1940s, the 1950s (particularly in December 1954), and the early 1960s. The number of Mint State coins surviving today is believed to run into seven figures.
One lot of 100 bags existed as late as 1978. The Continental-Illinois Bank hoard, which was estimated to contain as many as 1,000 original bags of brilliant Uncirculated dollars plus an estimated 500 bags of circulated coins (1.5 million coins totally), included quantities of Mint State 1887 Morgans. The 1887 may, as Wayne Miller has written, be the most plentiful Morgan dollar in terms of 1,000-coin bags still in existence.
Circulated grades: Worn 1887 dollars are plentiful, and because Mint State coins are so common, circulated pieces are not of much interest to numismatists. However, they make interesting presents to children.
Mint State grades: It is probably redundant at this point to state that the 1887 is very common in Mint State. Most coins are average strikes, but individual specimens may vary either way, from quite flat to quite sharp. Cherrypicking for quality is advised and is not hard to accomplish. The lustre is apt to be a bit satiny or "greasy," on the dull side, rather than deeply lustrous and frosty. Perhaps some now unemployed coiner from the Carson City Mint, which produced superb quality coins, should have visited Philadelphia to show them how to do things right. In actuality, few if any people at the Philadelphia Mint cared about the quality of silver dollars. They were being produced to conform with a piece of legislation promoted by distant western interests, the 1878 Bland-Allison Act, and most pieces were destined to be sewn into mint bags and dumped into dark storage.
Prooflike coins: There are many prooflike 1887 dollars in existence, but nearly all have little contrast between the fields and the devices. Many are one-sided. A hoard of cameo DMPL coins came to light in California in 1977, Wayne Miller related, and today this group is recognized as the mother lode for extant pieces of this calibre. Probably, several thousand coins remain in MS-64 DMPL or finer grade.
Die rotation: VAM-1 exists with the reverse die rotated from 700 to 1420 clockwise from the normal orientation, and also with rotation from 800 to 1400counterclockwise. Van Allen and Mallis report that these have been seen only in circulated grades.
Varieties
Circulation strikes:
1. Normal date: Breen-5592. This huge mintage probably took all 55 obverses and 54 reverses. All dies must have been used until they wore out. Even so, the 368,909 coins per obverse is extremely high. Perhaps there is an error in Mint records.
2. Doubled Date: Breen-5594, VAM-5. Scarce. The most desirable of the many repunched dates of this year.
Key Features
Year: 1887
Category: Dollars; Morgan Dollar
Country: The United States of America
Mint: Philadelphia
Denomination: $1
Diameter: 38.1 millimeters
Weight: 26.73 grams
Composition: 90% Silver, 10% Copper
Designer: George T. Morgan
Edge: Reeded
(UTB)
Auction Location:
12014 SE Mill Plain Blvd Suite 220B, Vancouver, Washington, 98684, United States
Buyer's Premiums:
From (Incl.) | To (Excl.) | Premium |
0.00 |
Infinite |
14.9% |
Additional Fees:
Shipping Details:
Auction lots will be shipped via US Mail within ?five? business days upon receipt of payment or check clearance.
Washington Customers are Subjected to Washington State Taxation Laws.
Payment Details:
PAYMENT DETAILS:
We accept Visa and Mastercard, American Express and Discover. There is a 3% fee for all credit card purchases. If prior arrangements made with Auctions Since 1994 we may accept cashier's check, wire transfer, money order. All sales tax is sole responsibility of purchaser in their respective state.
All payments must be processed before shipping of purchases.
Auctions Since 1994 also specializes in trades. For more information, please call 888-655-COIN(2646).
All payments are due at the fall of the hammer unless otherwise specified. Please be aware of this, most likely the card used during auction registration will be charged for purchases, buyer premium and any other applicable fees. Late payments are subject to fees and penalties at the discretion of the Auction House. Be aware that invoice delinquency WILL lead to disabling of a bidder account and making all bidding unavailable on Proxibid. Payments unpaid or late will result in the account being sent to a collections agency. This can affect your overall credit scores for up to 7 years. Your bidder registration has been researched before approval for bidding at auction. The card provided on file was verified for identity purposes prior to approval. Lastly, chargeback will be not accepted for any reason or on any purchase through Proxibid. No exceptions.
For questions, please contact us at 360-253-5565.
Trades gladly accepted with pre-authorization.
Monday - Friday 9am to 5pm PST
Checks (must clear prior to shipping) & Money Order payments:
Mail to:
Auctions Since 1994
12014 SE Mill Plain Blvd.
Suite 220B
Vancouver, WA. 98684
Paypal payments:
coinssince1994@gmail.com
Accepted Payment Methods:
Some Items have reserves, others do not. For the privacy and protection of our consignors we reserve the right to keep this information private.
TERMS & CONDITIONS:
For the security of our Auction, Bidders and Consignors, all final hammer prices must have a confirmed and matching Billing and Shipping address. Failure to quality this information will result in a forfeiture of winning bid. This is for the protection of everyone involved in order to protect from fraud.
Items are sold "AS IS", "WHERE IS" with no guarantees of any kind (except for the authenticity of the coins).
Grading: Every person has their own opinion. It is the responsibility of the buyer to examine and grade to their own satisfaction before they bid.
All items are sold AS IS, WHERE IS with all faults. ALL SALES ARE FINAL – NO REFUNDS AND NO EXCHANGES. WE AND THE CONSIGNOR DISCLAIM ANY AND ALL WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. NO WARRANTIES ARE MADE THAT ANY OF THE MERCHANDISE COMPLIES WITH ANY APPLICABLE GOVERNMENTAL RULES, REGULATIONS OR ORDINANCES OF ANY KIND OR NATURE WHATSOEVER.
ABSOLUTELY NO COIN RETURNS ON THE BASIS OF GRADE. Buyers shall rely entirely on their own inspection and information. Our values are entirely opinion. This value/estimate is not an inducement to bid this amount.
Returns: Internet buyers are entitled to a return within 3 days of receipt of items. In order to return an item, we must be notified of your intent to return within that 3 day period. We can be reached at 360.253.5565. Items returned will be shipped at buyers expense. All returns are subject to a restocking fee of 15% of the purchase price with a minimum charge of $10. Shipping charges are not refundable. Items must be returned in the same holder and condition as they were sold to qualify for refund.
Bidders are responsible for knowing which item they are bidding on. Once you have won the bid you have effected a contract and will be expected to pay for the item. By executing a bid you have initiated a legal binding contract that will be fully enforced to the letter of the law in both states. Payment terms: all payments are due electronically within 24 hours or postmarked checks in the mail are acceptable and must be mailed within one business day of the end of the sale.
The auctioneer reserves the right to accept bids in any increment he feels is in the best interests of his clients, the seller.
All announcements made on the day of the sale take precedence over printed matter.
Auctioneer reserves the right to hold personal checks & coins until the check clears. Buyer will pay for postage & insurance when coins are shipped.
Auctions Since 1994 is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Auctions Since 1994 or anyone else if the Internet service fails to work correctly before or during the live auction. Auctions Since 1994 will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. Auctions Since 1994 reserves the right to withdraw or re-catalog items in this auction.