1879-S $1, PL MS(PCGS#7093)

August 2019 ANA U.S. Coins Auction Rosemont, IL

Auctioneer

Stack's Bowers

Lot Number

5247

Grade

MS68PL

Price

6,600

Lot Description

Astonishing Near-Perfection 1879-S Morgan Dollar 1879-S Morgan Silver Dollar. MS-68 PL (PCGS). Uniformly smooth and intensely bright white with just the barest touches of the very lightest gold, the smallest of details in the design are crisp and clear. For a denomination whose large size makes it inherently prone to scrapes and dings, finding a virtually immaculate example is no small feat. Only a precious few will reach the superior eye appeal as here. The 1879-S Morgan dollar is by no means a rare coin in the strictest sense until you reach the very upper echelons of preservation. Many thousands of uncirculated 1879-S dollars exist up to and including the Gem level, but further up the numbers thin out significantly. Almost the entire production run of 9,110,000 coins struck at San Francisco were not paid out but rather remained in the Mint's vaults, only gradually being released in quantities in 1942 an again in the early 1960s. Most uncirculated dollars come from those releases and most often will have bagmarks or other abrasions from being moved around from vault to vault during counts in large and very heavy $1,000 sacks for the better part of 80 years. Pristine examples become challenging above the MS-67 level and especially so with clearly Prooflike reflective surfaces, as here. Ever so close to perfect and a showcase coin for any numismatist. PCGS Population: 3; 0 finer in this category. PCGS# 7093. NGC ID: 253X. Click here for certification details from PCGS.