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.
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.
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.
Morgan dollar, MS-68+ CAC
San Francisco Mint Morgan dollars from 1880
through 1882 are generally considered the best-produced from the
series and are often seen in high grades, with bold strikes, booming
luster and overall terrific eye appeal.
Coronet Collection’s 1880-S Morgan dollar is in a Professional Coin Grading Service MS-68+ holder
with a green Certified Acceptance Corp. sticker and sold for
$25,850. A different, brilliant and untoned example in PCGS MS-68+ CAC
sold for exactly the same amount at Heritage’s April 23 Central States Numismatic
has graded more than 2,000 MS-67 coins (including 150 in MS-67+), with
an additional 198 in MS-68, eight in MS-68+ and five more in MS-69.
Still, given the strong demand from Morgan dollar and type collectors,
MS-68 examples bring strong prices when they cross the auction block.
The near total unavailability of MS-69 examples places pressure on the
handful of MS-68+ representatives