LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

1125

1901 S$1 MS64 PCGS. Along with the 1884-S, the 1886-O,

Currency:USD Category:Coins & Paper Money Start Price:40,000.00 USD Estimated At:1.00 - 2.00 USD
1901 S$1 MS64 PCGS. Along with the 1884-S, the 1886-O,
<B>1901 S$1 MS64 PCGS.</B></I> Along with the 1884-S, the 1886-O, and the 1896-O, the 1901 is one of the great conditional rarities within the Morgan dollar series. Close to seven million pieces were struck, a production much greater than the 1899, which is plentiful in quality Mint State. The 1901 is available for little more than its bullion value in VG, but becomes scarce in AU, and Mint State pieces are rare. At the MS64 level, the 1901 emerges as one of the keys to the set, more difficult than the 1889-CC. PCGS and NGC have each certified three examples as MS65 with none finer. Since Morgan dollars were never popular on the East coast, it is unlikely that the entire issue went into circulation. Instead, the 1901 was presumably a participant in the vast Pittman Act melts.<BR> This lustrous near-Gem is sharply struck, with nearly complete definition on the hair curl above the ear. Light gold toning is faintly evident on both sides, although many collectors would consider this piece to be brilliant. The cheek is splendidly smooth, as is the eagle's breast. Mentionable marks are few and far between, limited to a couple of ticks near Liberty's chin. Overall, the appearance is impressive for the MS64 level, and outstanding for the 1901 in general. Most advanced Morgan dollar collectors have been offered "Uncirculated" pieces that have faint wear on the eagle's breast and the hair near the ear, or display broken or diminished cartwheel luster. The search for a truly Mint State 1901 dollar sometimes seems as futile as the proverbial needle in the haystack, but here is a lightly toned near-Gem with a clean cheek and vibrant luster. Population: 20 in 64, 3 finer (11/06).<BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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