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

81

1894 S$1 MS65 PCGS. Jackson Hole. This is a brilliant

Currency:USD Category:Coins & Paper Money Start Price:7,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1894 S$1 MS65 PCGS. Jackson Hole. This is a brilliant
<B>1894 S$1 MS65 PCGS.</B></I> Ex: Jackson Hole. This is a brilliant and lustrous Gem with frosty silver surfaces and no evidence of toning. As usual for this date, the design elements are boldly detailed. However, the incredible luster and mint frost of this example is almost never encountered on any example of this date. The VAM reference indicates that only two die pairs were used for 1894 Morgan dollars, one for circulation strikes and the other for proofs. This variety accounting seems to be consistent with the mintage of this date, about 100,000 coins per die pair.<BR> Start with an extremely low mintage, and combine that with a low survival rate, and the result is the stuff of numismatic dreams. With the exception of the proof-only 1895, the mintage of 110,000 silver dollars at the Philadelphia Mint in 1894 is the lowest production of any coin struck at that facility, and it is the second lowest mintage in the entire series behind the 1893-S. Few of these coins were actually paid out at the time they were minted, and circulated examples of this date are elusive in their own right. Likewise, there was no appreciable quantity remaining in Treasury vaults in the early 1960s, the supply having been diminished a decade earlier. A single bag of these coins surfaced in Montana in 1961, and this may provide the only supply of Mint State examples even to this day. Population: 18 in 65, 3 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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