2378

1904-S S$1 MS65 PCGS. The fluctuating fortunes of the

Currency:USD Category:Coins & Paper Money Start Price:6,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1904-S S$1 MS65 PCGS. The fluctuating fortunes of the
<B>1904-S<img border='0' src='http://www.heritagecoins.com/images/star.gif' width=10 height=10>$1 MS65 PCGS.</B></I> The fluctuating fortunes of the 1904-S Morgan Dollar never cease to fascinate this cataloger. Prior to 1940, this issue was a marked rarity in Mint State despite a not insignificant mintage of 2.3 million pieces. Then, in 1941-1942, a sizeable quantity of Uncirculated coins emerged from hiding in federal vaults, and the '04-S acquired a specter of commonness that remained through the late 1950s. The tide turned again after neither the Treasury Department releases of the early 1960s nor the Redfield estate brought any Mint State examples to light. The classification of the 1904-S as a condition rarity that began in the early 1960s remains in force today.<BR> The Gem in this lot is untoned with a softly frosted texture. Modest cartwheel visual effects are evident as the coin rotates under the light, and there are no singularly mentionable bagmarks. While not fully struck, the overall definition is pleasingly bold and well above average for the issue. Population: 91 in 65, 11 finer (1/06).