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***Auction Highlight*** 1883-S Vam 6 R5 Morgan Dollar $1 Graded ms65 By SEGS (fc)

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:24,250.00 - 48,500.00 USD
***Auction Highlight*** 1883-S Vam 6 R5 Morgan Dollar $1 Graded ms65 By SEGS (fc)
***Auction Highlight*** 1883-S Vam 6 R5 Morgan Dollar $1 Graded ms65 By SEGS. Offered is an exceptional condition rarity for this often overlooked issue in the early San Francisco Mint Morgan dollar series. A lovely Gem Mint State coin, both sides are highly lustrous with only the lightest silver and champagne-gold iridescence. Otherwise satin to softly frosted in finish, the fields reveal modest semi-reflectivity. It is fully struck, as typical for the issue, but far smoother and more carefully preserved than the vast majority of 1883-S silver dollars.Although often overshadowed by the 1884-S, the 1883-S is highly elusive in Mint State. While the mintage was 6,250,000 pieces, the 1883-S is one of the few Morgan dollars that saw active circulation beginning in the 19th century. Indeed, worn survivors are available with ease. On the other hand, Mint State survivors are scarce in today's market. While many examples emerged from federal holdings in the 1950s and 1960s, these were quickly absorbed by contemporary collectors. No other significant quantities were found apart from a partial bag in the estate of LaVere Redfield. The coins from both the Redfield hoard and the Federal holdings seemed to average about MS-63. The issue becomes incredibly scarce in Gem Mint State. I have included 2 other ms65 examples for your comparison. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation