***Auction Highlight*** 1893-s Morgan Dollar $1 Graded au58 details By SEGS (fc)

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  Lot #408  (Sale Order: 333 of 741)  
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***Auction Highlight*** 1893-s Morgan Dollar $1 Graded au58 details By SEGS. The 1893-S is a prominent rarity among Morgan dollars, with an interesting twist: A plurality of known survivors are in Very Fine condition. Such a grade is indicative of a specific, moderate-to-light amount of wear that is inconsistent with the experiences of other issues. Many have concentrations at Fine or lower, while a handful of Treasury and GSA release issues have higher modes. What could have caused the distinctive wear pattern?Q. David Bowers, in several of his written references, relates the anecdotal evidence supplied by E.S. Thresher, who wrote in the July 1925 The Numismatist that the 1893-S was one of only a handful of Morgan dollar issues he had not encountered in circulation. This led Bowers to speculate that perhaps the late 1920s saw the release of most of the 1893-S dollars to Rocky Mountain states, where coin collectors were scarce, and there they circulated until silver dollars fell out of fashion for general commerce.The exact reason seems unknowable, yet the Bowers thought-experiment leads to some interesting possibilities. A hard fact, on the other hand, is that the 1893-S dollar is elusive in AU grades and a condition rarity in Mint State. This near-Mint survivor, still impressively lustrous in the protected areas and silver-gray patina, is well-defined with only a touch of friction over the high points. A few light hairlines and wispy marks in the fields have little impact on the eye appeal but account for the details designation. I have included another au58 for your comparison. It realized $44,400 in 2021 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

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This item is part of Fabulous Fall Coin Consignments Auction 1.5 of 7
 Friday, Oct 1, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** 1893-s Morgan Dollar $1 Graded au58 details By SEGS (fc)
***Auction Highlight*** 1893-s Morgan Dollar $1 Graded au58 details By SEGS (fc)
Lot number: 408
Seller: Key Date Coins
Event: Fabulous Fall Coin Consignments Auction 1.5 of 7
Ends: Friday, October 1 | 5:45 PM  Eastern

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