1892-O $1 MS(PCGS#7216)

The Regency Auction 33

拍卖行

Legend Rare Coin Auctions

批号

369

等级

MS66

价格

202,031

详细说明

Among the FINEST KNOWN 1892-O Morgan dollars, behind just two that are graded finer. A boldly lustrous GEM that borders on SUPERB quality, the presently offered MS66 is a true delight to behold. One where the technical and aesthetic qualities are extremely HIGH END. Sharply struck up with full definition on the hair curls above Liberty's ear. The cheek is rounded and smooth with a bold frost, with just a few microscopic ticks seen in the frosty textured surface. Bold brilliance swirls all over. The fields are extremely smooth, problem free, and mostly untoned. We note the lightest of pale gold that is delicately dusted on the surfaces. Looking at the reverse under a glass shows some light mint made roller lines, and they are very faint and do not detract from the outstanding eye appeal. Despite a mintage of 2,744,000, very few were saved at the time of issue. A number of bags were dispersed in the 1950s and 1960s, and there were rumors of a bag that had many gems reported in 1977 by Wayne Miller. Today, the Population data from PCGS and NGC do not support these claims. While PCGS CoinFacts estimates 100,000 Mint State coins that survive, the survival estimate drops to 625 for MS65 and finer examples. The finest known example was saved at time of issue, bought at the mint by collector J. Colvin Randall, who sold it to John M. Clapp. That coin ended up in the Eliasberg collection, and most recently sold in our October 2014 Regency Auction of the Sunnywood/Simpson Collection. Clearly the presently offered beauty survives by pure happenstance and today's numismatists should be grateful to have the opportunity to own this wonderful survivor. PCGS 6, NGC 4. Not only are these EXCESSIVELY RARE at the present grade level, but they are also very rarely encountered in the market; in 20 years, there have been just THREE auction sales! The last time any PCGS MS66 sold in auction was in the 2009 FUN auction--a full decade ago! And it was nearly a full seven years after the next most recent example sold. The current Collectors Universe value is listed at $40,000 and with finest known and close to finest known Morgans selling very well right now, we anticipate that value will end up being too low and will have to be adjusted upward after the hammer falls on this lot. A world class example bound for a world class set! Good luck! Cert. Number 37471225 PCGS # 007216