The U.S. & Ancients Coinage Auction
October 2, 2000

U.S. Morgan Dollars (1893-1921)

Lot 1826 Click on Picture to EnlargeClick on Picture to Enlarge
1893-CC. PCGS graded MS-63. Bright and frosty. A choice example of this popular rarity.
Estimated Value $2,500-3,000.

SELECT 1893-S MORGAN PCGS AU-53

Lot 1827 Click on Picture to EnlargeClick on Picture to Enlarge
1893-S. PCGS graded AU-53. Here is the key date to the series (aside from the proof only 1895) and always in feverish demand. For all its years grading coins, PCGS has only graded 23 in various mint state grades, even AU examples are rare, with just 22 graded AU-53 as offered here, and 17 graded in AU-55 or 58. Hence, this is probably in the top 100 known of the date, and considering how many collections of Morgan dollars are being formed, we suspect that this date will continue to find a ready market whenever it is sold.
This particular coin has silvery white surfaces, with minor circulation lines, there is a mark on Liberty's cheek and a small scratch through OL of DOLLAR on the reverse. Strictly original, with the raised die line through the T of LIBERTY seen on all examples of this date. An important offering for the numismatist, and seldom found with any luster. Well struck and pleasing for the grade.
Demand for coins fell sharply in 1893 as the United States suffered a sharp, short depression. Thus, mintage of the 1893-S Morgan dollar stopped after only 100,000 were coined. Unlike many of the other dates, this one has never turned up in bag quantity, and most of those known are in circulated condition. Even dates like 1889-CC and rarities such as the 1903-O turned up in mint state sealed bags when the Treasury released its hoards in 1964-70. Thus, the 1893-S remains one of the key dates to the Morgan dollar series.
Estimated Value $11,000-12,000.

Lot 1828 Click on Picture to EnlargeClick on Picture to Enlarge
1893-S. ANACS graded EF-45. A pleasing example for the grade and aside from some slight circulation, a very desirable problem-free example. Important key date.
Estimated Value $3,500-4,000.

Lot 1829 Click on Picture to EnlargeClick on Picture to Enlarge
1893-S. PCGS graded EF-45. Lightly gray toning on both sides and always popular as the key date to the series. Hints of luster in the fields and a very nice example of this immensely difficult date to locate in high grade. One for the date collector who is tired of looking at that old empty hole in his album.
Estimated Value $3,500-4,000.

Lot 1830
1894-O. AU-55. Plenty of mint frost remains.
Estimated Value $100-150.

Lot 1831
1894-S. MS-60. Full mint frost with some faint marks about the rims.
Estimated Value $275-325.

Lot 1832 Click on Picture to EnlargeClick on Picture to Enlarge
1897. NGC graded Proof 65. Somber dusky rose and blue toning on the obverse, a bit darker on the reverse ranging into the charcoal with dark blue palette. Just 731 struck in proof, most of which fall well below the gem category. NGC has only graded 19 as PF-65, with 46 graded higher. Popular with date and type collectors alike.
Estimated Value $3,000-3,500.

Lot 1833
1898-O. MS-64 Prooflike. A flashy untoned coin that is nearly a gem.
Estimated Value $30-40.

Lot 1834
1898-O. A choice roll which includes several toned coins grading from Mint State 60 to 64. Lot of 20 coins.
Estimated Value $350-425.

Lot 1835
1898-O (9 pieces) and 1904-O (11 pieces). A New Orleans roll of these two dates, grading from Mint State 60 to 63. Lot of 20 coins.
Estimated Value $300-325.

Lot 1836 Click on Picture to EnlargeClick on Picture to Enlarge
1900. PCGS graded Proof 65. This is a nicely toned coin that has infinite tiny specks of color on both sides. The colors range through blues and medium gray in color. Examination with a glass will note hairlines, which are generally hidden by the toning. Liberty's bold cheek is free of contact or other problems, and the devices show no handling marks from contact with other coins. A gem for the collector who desires toned coins. Only 912 struck in Proof, 22 of which have been graded this high by PCGS, with 17 graded higher.
Estimated Value $3,000-3,500.

Lot 1837
1900-O. PCGS graded MS-65. Flashy white luster and untoned. Boldly struck.
Estimated Value $90-100.

Lot 1838 Click on Picture to EnlargeClick on Picture to Enlarge
1900-O. O over CC. PCGS graded MS-65. Flashy white luster in the fields and completely untoned. During removal of the Assay Office furnishings in Carson City in 1900, six unused dollar dies were found. The Assay office had kept much of the equipment and miscellaneous items from the Carson City Mint, which had closed in 1893. These unused dies were sent to Philadelphia, where they were remintmarked for use in New Orleans. A fascinating error for the date collector, with the CC clearly visible with a glass. In the recent (July 2000) Population Report for PCGS, we note only 379 graded this high, with a scant 36 graded higher! Bid accordingly.
Estimated Value $1,000-1,200.

Lot 1839 Click on Picture to EnlargeClick on Picture to Enlarge
1900-S. PCGS graded MS-65. Mint fresh surfaces without a breath of toning. Minor hairlines, especially on the reverse.
Estimated Value $900-1,000.

Lot 1840
1901. ANACS graded AU-58. A tough date to locate in high grade. Plenty of mint luster remains on the surfaces with just a touch of wear on the eagle's breast.
Estimated Value $225-250.

Lot 1841 Click on Picture to EnlargeClick on Picture to Enlarge
1904. PCGS graded Proof 67. One of the very finest graded for the date, in fact, it is tied with 3 others graded by PCGS as the Finest they have seen of the date. Mintage in proof came in at just 650 pieces for 1904, of which perhaps half were impaired during the last century. To acquire a gem example in Proof is quite a challenge, as PCGS has only graded 21 in that category, with 11 graded as Proof 66. Examination shows why this is such a special coin, the surfaces are pristine and the toning ranges from dark yellow-gray around the edges to frosty white at the centers. An inner ring of lavender prevails inside the darker outer ring, and the toning is not perfectly symmetrical. Similar colors on the reverse, with hints of rose hues on the eagle's breast down to rim, surrounded above and to the sides by darker gold and blue. One toning streak is noted on the right wing of the eagle, which appears natural, and adds to the colorful appeal. Examination finds few faults, and we highly recommend careful inspection by bidders to see just how pristine this coin truly is. It is doubtful that a better example will surface soon, after 14 years of third party grading, just about every high grade coin known has been submitted. Thus, we wouldn't recommend waiting for a better example.
Estimated Value $8,000-UP.

Lot 1842
1904-O. MS-65 Proof-like. A lovely reflective specimen that is further enhanced by a touch of delicate violet and light golden toning.
Estimated Value $200-300.

Lot 1843
1904-O Roll of Morgan Dollars. A choice roll which includes 19 prooflike coins, and 1 which is not. Grades range from Mint State 60+ to Mint State 64. Lot of 20 coins.
Estimated Value $400-450.

Lot 1844
1904-O. Morgan Dollar roll, Mint State 60+ to Mint State 64. A popular date with collectors. Lot of 20 coins.
Estimated Value $350-400.

Lot 1845
1904-O. Morgan Dollar roll, Mint State 60+ to Mint State 64. A popular date with collectors. Lot of 20 coins.
Estimated Value $350-400.

Lot 1846
1904-O. A roll of this popular date which grades Mint State 60+ to Mint State 64. Lot of 20 coins.
Estimated Value $350-400.

Lot 1847
1904-O. A roll of this date which grades from Mint State 60+ to Mint State 64. Lot of 20 coins.
Estimated Value $350-400.

Lot 1848
1921. MS-64. Bright with nice clean surfaces.
Estimated Value $20-30.

Lot 1849
1921. A roll which grades from Mint State 60 to 63. Lot of 20 coins.
Estimated Value $200-235.

Lot 1850
1921. A roll which grades from About Uncirculated to Uncirculated. Lot of 20 coins.
Estimated Value $140-150.