A $470,000 1892-S Morgan silver dollar graded Mint State 67 by
Professional Coin Grading Service with a green Certified Acceptance
Corp. sticker topped bidding at Legend Rare Coin Auctions’ Regency
Auction XXIII on Oct. 26. The expected star of the official auctions
of the PCGS Members Only show, an 1893-S Morgan dollar graded PCGS
MS-67 with a green CAC sticker, failed to sell at an estimate of $1.3
million to $1.5 million, but there were plenty of other highlights to
keep people’s attention. Legend’s next Regency Auction, number XXIV,
is set for Las Vegas on December 14.
We present here one of the high-profile lots that found new homes at the Legend Rare Coin
Auctions’ Regency Auction XXIII:
1893-O Morgan dollar, MS-66 Prooflike, CAC sticker
Unlike the famed 1893-S Morgan dollar, the 1893-O coin is not among
rare Morgan dollars at the forefront of collectors’ minds. Yet in high
grades, the New Orleans Mint issue is a legendary rarity in the series.
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Legend offered an 1893-O Morgan dollar graded MS-66 Prooflike by
PCGS and bearing a CAC sticker that sold comfortably within its
$350,000 to $450,000 estimate, realizing $411,250. Previously owned by
Baltimore collector Louis Eliasberg Sr., its long provenance traces
back to 1894 when it was purchased by J.M. Clapp from Colvin Randall
(along with the sale’s 1892-S dollar graded PCGS MS-67).
Brockage or contact mark? Mike Diamond explains.
Also in our Nov. 20 issue, a reader found a fascinating Barber
dime that’s over a century old; John Wexler profiled what makes it different.
When Legend offered this 1893-O dollar in 2015 — where it realized
$458,250 — the lot description noted, “This is yet another special
former Eliasberg coin that makes you wonder if it’s really a Specimen
or possibly a Proof.” It previously sold at Bowers & Merena’s 1997
auction of the Eliasberg Collection for $176,000, and it brought
$166,750 at a 2004 Heritage auction. Legend called the beautifully
toned dollar “Monumental” and bidders agreed.