LOT Old Heritage Auctions  /  2008 MAR Phoenix (ANA) Signature Coin Auction #1...  / 

1113

1892-S $1 MS62 NGC

Currency:USD Category:Coins & Paper Money Start Price:1,100.00 USD Estimated At:1.00 - 1,000,000.00 USD
1892-S $1 MS62 NGC
<B>1892-S $1 MS62 NGC.</B></I> For 15 months, from November 1891 to January 1893, the San Francisco Mint had a distinct and unusually consistent pattern of striking Morgan dollars: it delivered precisely 100,000 pieces each month. The coins from November and December 1891 do not have any special distinction, as they are part of a comparatively high-mintage issue that does not command a substantial premium until the Gem level. The coins from January 1893 comprise the entirety of the famous 1893-S issue, undisputed key among circulation-strike Morgans.<BR> The coins from the 12 months in the middle, the 1892-S pieces, are noted rarities in better grades, and such coins only infrequently appear at auction. As a low-mintage issue, the 1892-S experiences demand across most grades, though the emphasis is on coins that show light to moderate wear. Q. David Bowers, in his <I>A Guide Book of Morgan Silver Dollars</B></I>, states that " ... most collectors will opt for an inexpensive VF or an affordable EF, the 1892-S often being one of the few Morgan dollars in a set that is not Mint State."<BR> This example shows pleasing overall detail, with only a touch of softness at the often-weak hair just above Liberty's ear. Both sides offer strong, attractive luster beneath a thin veil of gold-tinged patina. While the fields are pleasingly preserved and appear to be of at least Select quality, flaws on the portrait, including a pair of significant abrasions to the cheek and two similar marks on the neck, preclude such a designation. Despite these troubles, the coin retains excellent eye appeal, and it remains deserving of a place in a high-end collection. Census: 10 in 62, 21 finer (1/08).<BR><BR><B>Coin Engraver:</B> George T. Morgan<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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