LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

2992

1893-S $1 AU50 PCGS

Currency:USD Category:Coins & Paper Money Start Price:18,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1893-S $1 AU50 PCGS
<B>1893-S $1 AU50 PCGS.</B></I> The 1893-S is usually the proverbial "brick wall" for those attempting to assemble a set of Morgan dollars. Since the majority of survivors from this key-date issue are found in XF or lower condition, locating a legitimate AU example can take much time and patience. To help illustrate that point, consider that PCGS has certified less than 100 pieces at the AU50 level (12/07). Collector demand for the 1893-S dollar has always exceeded the limited supply, especially for accurately graded, certified specimens in AU. The prices for true Mint State examples quickly cross the six-figure mark, thus making a lightly circulated '93-S the only alternative for most collectors. <BR> The PCGS AU50 example in this lot displays white surfaces and ample luster throughout. Abrasions and an average strike limit this coin from a higher grade, as the amount of wear observed is negligible. We expect spirited bidding on this 1893-S; the undisputed king of all business strike Morgan dollars.<BR><I>From The Motor City Collection.</B></I><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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