1891-S $1, PL MS(PCGS#7211)

December 2020 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

2300

Grade

MS66PL

Price

7,800

Lot Description

Strike and Condition Rarity 1891-S Silver Dollar 1891-S Morgan Silver Dollar. MS-66 PL (PCGS). Endearing silver-white surfaces are untoned to allow ready appreciation of bold field to device contrast. Sharply struck and expertly preserved, this coin will have no difficulty finding its way into an advanced collection of Prooflike Morgan dollars. The San Francisco Mint produced 5,296,000 silver dollars in 1891, a respectable total by the standards of the Morgan series, especially for an issue from the 1890s. Quantities of examples dribbled out of storage in the West Coast mint during the earliest decades of the 20th century, followed by a significant release in the early 1940s. Few coins emerged thereafter, and there is no record of the 1891-S being represented in quantity during the Treasury Department releases of 1962 to 1964. The estate of LaVere Redfield did contain at least 5,000 examples, the quality almost universally poor due to the coins displaying numerous bagmarks. Thanks to the distributions of the 1940s and the Redfield Hoard, the 1891-S is readily available in lower Mint State grades. Gems are elusive, however, and the vast majority of PL examples that have been certified by PCGS and NGC grade no finer than MS-64. Here, then, is a true condition rarity that is sure to see spirited bidding at auction. PCGS Population: 13; 0 finer in this category. PCGS# 7211. NGC ID: 255K. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.