Most Morgan silver dollars produced for circulation
have had a tough life. They were stored in massive bags, often
traveled long distances, and frequently were banged around. Add to
that the design of the coin: Liberty’s flat cheeks, and broad fields
that show all marks fairly clearly.
Thankfully, there are plenty of Mint State 65 and even MS-66 Morgan
dollars. Mint State 67 examples are tougher to find, but a solid one
can be found for $700 or so. In MS-68 the herd thins, and these
survivors are rare.
The three included in this week's Market Analysis series are in
MS-68+ and were sold in Legend’s June 25 Regency XII sale in Las Vegas, Nev.
1883 Morgan dollar, MS-68+, CAC
The 1883 Morgan dollar comes from a large mintage of 12,290,000
pieces, and even MS-67 examples aren’t particularly rare with Professional Coin Grading Service showing 115
submissions at this grade level and 10 at the MS-67+ level.
The Coronet Collection’s PCGS MS-68+ example with a green Certified Acceptance Corp. sticker indicating
quality within the grade is the finest known. It sold for $49,937.50
at Legend’s June 25 auction. It is notable for its eye appeal, which
the catalog describes as “a thick satiny luster” that “enhances
original pale green/blue/purple/champagne colors that swirl over the
obverse, while the reverse is a champagne/creamy white.”
A different, brilliant and untoned example graded PCGS MS-68 CAC
sold for $34,615 at Heritage’s June 6, 2011, Florida United Numismatists auction.
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