Thirty-two Morgan dollars from Part
II of the Coronet Collection starred in Legend Rare Coin
Auctions Oct. 15 Regency Auction XIV in Las Vegas. The 355-lot sale
realized $4,926,775.10 — nearly half of which came from the Coronet
Collection’s dollars, with its Mint State 66 1901 Morgan dollar that
brought $587,500 leading the sale.
The firm’s partner and founder Laura Sperber said, “We knew the
dollars would be strong, but they exceeded our expectations,” adding,
“the strength of this sale more than proved that collectors are hungry
for quality and will pay for it when available.”
Here is one of three that we're profiling in this week's Market Analysis:
1921-D Morgan dollar, MS-67 CAC
In 1921, George Morgan’s classic dollar was
struck for the first time since 1904. The new Morgan dollar featured a
slightly lower relief and was produced at the Philadelphia Mint, San
Francisco Mint, and for the first (and only) time, the Denver Mint.
While the issue is one of the most common Morgan dollars in
circulated grades, the population thins in MS-66 with PCGS grading
just 10 in MS-67 with PCGS certifying no-finer examples, although an
NGC MS-68 example sold for $25,300 at a 2010 Heritage auction.
The Coronet Collection’s 1921-D Morgan dollar grades PCGS MS-67 CAC
with surfaces “as velvety smooth as you’ll ever see,” with the
description observing, “strong luster illuminates crisp, creamy
white/pale gold colors.” Legend cited another similarly graded 1921-D
Morgan dollar that brought $44,062.50 at Heritage’s 2013 Central
States Numismatic Society auction as a potential comparable, but that
example had unusually gorgeous rainbow toning on both sides. At
$30,550, the Coronet Collection’s example sold at the low end of its
$30,000 to $35,000 estimate.