1904-S $1 MS(PCGS#7294)

June 2026 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

2198

Grade

MS66

Price

16,470

Lot Description

Housed in a red Paramount International Coin Corp. holder with the grade listed as Mint State 65. Beautiful frosty surfaces are brilliant in the centers with halos of soft sandy-gold and powder blue iridescence ringing the peripheries. Strike detail is razor sharp to full throughout the design, and the surfaces are expectably smooth and attractive for the assigned grade.<p>The 1904-S is one of the most elusive Morgan dollars in all grades, as much of the mintage of 2,304,000 pieces was likely melted under the Pittman Act in 1918. Release of coins from federal storage was limited and came to an end during the 1950s; there were none in the Treasury Department releases of 1962 to 1964. This is one of the finest examples seen by NGC, a coin of further significance as one of the Morgan dollars sold by Paramount International Coin Corp. in a separate marketing campaign following their distribution of the coins from the LaVere Redfield hoard. It is a lovely example whose offering in this sale represents a significant find for advanced collectors specializing in this perennially popular series.