598

***Auction Highlight*** 1890-p TOP POP Morgan Dollar $1 Graded GEM+ Unc By USCG (fc)

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:14,500.00 - 29,000.00 USD
***Auction Highlight*** 1890-p TOP POP Morgan Dollar $1 Graded GEM+ Unc By USCG (fc)
***Auction Highlight*** 1890-p TOP POP Morgan Dollar $1 Graded GEM+ Unc By USCG. The Sherman Silver Purchase Act, passed in July 1890, replaced the Bland-Allison Act as the authorizing legislation for the Morgan silver dollar. The law provided for the purchase of some 54 million troy ounces of silver annually from Western mining interests. As could be expected with such a supply of bullion, silver dollar production in 1890 was substantial throughout the year, with more than 16 million coins ultimately produced. These were paid out gradually over many years, with the final distribution being in the Treasury releases of the early 1960s. Careless preservation, then, ended up being a major factor in the rarity of high-grade examples, as the date is readily available in grades through MS64, but is exceedingly rare at the Premium Gem level.This representative displays bold design elements and nearly unabraded, frosty surfaces. Faint traces of light golden color accent otherwise brilliant surfaces, giving this piece seemingly unrivaled appeal for the issue. I have included another ms66 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