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

103

1901 S$1 MS64 PCGS. Only a trace of pale champagne ton

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1901 S$1 MS64 PCGS. Only a trace of pale champagne ton
<B>1901 S$1 MS64 PCGS.</B></I> Only a trace of pale champagne toning is present on each side of this satiny near-Gem. It is a sharply struck piece with excellent detail on both sides. The typical 1901 has unusual texturing on the reverse, caused by abnormal metal flow that resulted from improper striking pressure. Seen on some other dates, the resulting rippled surfaces are more pronounced on this date than any other in the series. Collectors are advised to seek an example such as this piece, where the unusual textured appearance is minimal.<BR> For the serious collector of Morgan dollars, this date is one of the biggest challenges in the series, and is usually found in circulated or low-end Mint State grades. Choice and Gem pieces are extremely rare. Like certain other dates, nearly all of the production of 1901 Morgan dollars was placed in circulation. Even AU coins are common, although a shortage of true Mint State pieces keeps the price of AU coins at strong levels. For the connoisseur, Choice and Gem pieces appear on the market infrequently, but are well worth the wait.<BR> 1901 was a transitional year at the Philadelphia Mint. The new Spring Garden Street facility was occupied in June, and ready to begin coinage production in October. It seems that nearly the entire Morgan dollar production was accomplished at the old facility on Chestnut Street. Official Mint records indicate that 6,842,000 coins were produced from January through September, and only 120,000 during the remaining three months at the new Mint building. Population: 20 in 64, 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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