SOLD
44,000.00USDto floor+ buyer's premium
This item SOLD at 2007 Jun 01 @ 14:07UTC-08:00 : PST/AKDT
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<B>1891 S$1 MS65 Deep Mirror Prooflike NGC.</B></I> The high-mintage 1891 issue, which exceeded 8.6 million business strikes, in lower grades is a "nothing" coin, usually seen with somewhat flat strikes, below-average luster, and generally poor quality. Gem coins are quite rare and elusive, however, and coins with prooflike surfaces usually still lack a sharp strike. Gem Deep Mirror Prooflike coins--those that combine a sharp strike, deeply mirrored prooflike surfaces, good luster, minimal abrasions, and overall Gem quality all together in one package--are as rare as the proverbial hen's teeth. Bowers comments in his <I>Guide Book</B></I> on Morgan dollars that "Prooflike coins are sometimes seen, sometimes lightly struck. Gorgeous DMPL coins exist and are memorable, but the availability of somewhat similar-appearing Proofs probably dampens the market somewhat." But a more interesting comment is directly below, where he lists the certified population of DMPL coin in MS65 or finer at "0" coins.<BR> This is, indeed, a coin that should not be, as it impossibly combines all of the above attributes into one phenomenal package. The mirrors are profoundly deep, with glacial mint frost evenly covering the devices on each side. The strike is pleasing, with no particular softness, and far above average for the issue. The few abrasions noted are consistent with the Gem assessment, and that most evanescent of attributes--eye appeal--is abundant on this phenomenal coin. As confirmation of its rarity, PCGS has never certified a Gem DMPL example of this issue, and this is the only piece so graded at NGC, with none finer (4/07).<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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100 S. Pine Avenue, Long Beach, California, United States
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