SOLD
4,300.00USDto floor+ buyer's premium
This item SOLD at 2021 Jul 23 @ 22:52UTC-04:00 : AST/EDT
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***Auction Highlight*** 1884-s Morgan Dollar $1 Graded ms62+ By SEGS. The 1884-S Morgan dollar has a certain "mystique," as Wayne Miller put it in The Morgan and Peace Dollar Textbook. The date was once considered to be a rarity in Mint State, but since the dawn of third party grading numerous Mint State coins have emerged onto the market. Most of these are low-grade pieces, and the 1884-S remains scarce in attractive Uncirculated condition. Such pieces are so difficult to acquire that most collectors opt for a pick out of the plethora of AU coins that continually flood the market.The scarcity of the 1884-S in high grade is due to the fact that most of the 3.2 million pieces struck were released into circulation during the 19th century. It is believed that additional coins may have been among those melted a couple of decades later under the terms of the Pittman Act of 1918. In A Guide Book of Morgan Silver Dollars, fifth edition, Q. David Bowers notes that a few bags of this issue were paid out from the 1920s into the 1950s, but these again were unnoticed by numismatists and largely went into circulation, or, as Bowers suggests, possibly casinos. Whatever the fate of most 1884-S dollars, the inherent fact of its modern availability is that collectors wanting a coin graded finer than MS61 will encounter a challenge, and only a handful of fortunate specialists will be able to acquire a coin in MS62 or finer. This piece displays impressively sharp definition and brilliant, satiny luster. Slight reflectivity is seen in the fields when angled beneath a light. Those fields -- particularly on the all-important obverse -- are largely unabraded, and were it not for a few stray marks, this piece might have been considered for ms63 classification.
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148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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