An 1893-S Morgan dollar considered by many to be the finest known
example of this key silver dollar will star in Legend Rare Coin Auctions’ Regency XXIII Auction
in Philadelphia on Oct. 26 as part of the Professional Coin Grading
Service Members Only show.
The Vermeule-Coronet 1893-S Morgan dollar is graded Mint State 67 by
PCGS and carries a green Certified Acceptance Corp. sticker indicating
quality within the grade.
U.S. Mint welcomes a fourth metal to the
American Eagle bullion program.
Also in this week’s print issue of Coin World, we teach our readers
about what a “weak-fatty” gold coin is and why you don’t want one in
According to Legend, the Vermeule-Jack Lee-Coronet “1893-S is the undisputed FINEST KNOWN example of
the rarest, and most important circulation strike Morgan dollar.” The
firm adds, “The luster, with its satiny brilliance brings out not just
the dominant hues, but also the subtle shades throughout the surfaces.”
Connect with Coin World:
up for our free eNewsletter
Like us on
us on Twitter
The auction’s 548 lots carry a presale estimate in excess of $7.5
million, with the star Morgan estimated at $1.3 million to $1.5 million.
Another show-stopping Morgan dollar from the same consignment is an
1893-O dollar graded MS-66 Prooflike by PCGS with a green CAC sticker
that Legend describes as “MONUMENTAL” since it is considered the
finest-known example of the date.
The 1893-O Morgan dollar in the auction is noteworthy for deep
mirrors on both sides and a blend of blue, violet and orange colors on
both sides. Legend observes that it is not flawless: “If you want to
really scrutinize this piece, there are a few microscopic ticks
scattered around, but overall the surfaces are extremely clean,”
before concluding that the offering is an “amazing opportunity for any
advanced Morgan dollar collector or any one seeking truly special,
The “sexy” dollar was most recently offered in a 2015 Legend auction
where it sold for $458,250 before joining the Coronet Collection, and
it has a provenance that traces back over a century. It was purchased
by J.M. Clapp from Colvin Randall in March 1894 and was acquired by
Louis Eliasberg Sr., when the Baltimore collector purchased the Clapp
estate in 1942. It remained with Eliasberg until 1997 when it was sold
by Bowers and Merena for $176,000 and then crossed the auction block
at Heritage’s 2004 Florida United Numismatists auction for $166,750.
Like the 1893-O dollar, the 1892-S Morgan dollar is a condition
rarity and Legend will offer the second finest known 1892-S dollar,
graded PCGS MS-67 and given a green sticker by CAC, in Philadelphia.
The offered example shares a provenance similar to the previously
discussed lot, selling at the Eliasberg auction for $132,000. It sold
twice at Heritage
auctions: once in 2001 for $115,000 and again in 2009 for $460,000.
Legend offered it in its June 2015 auction where it sold for $446,500
and it too joined the Coronet Collection.
At the 1997 Eliasberg sale — where coins were not certified by
third-party grading services and carried grades provided by the
auctioneer — the 1892-S Morgan dollar was described as “MS67 or
finer,” and called “An American numismatic landmark.” Legend
concluded, “Today, 20 years later, the coin is just as spectacular!”
It is bested only by a spectacular MS-68 example that last sold at a
2005 Heritage auction for $322,000.