High grade coins, especially in key dates, continue to rock the cash register this year. This MS64 NGC 1893-S Morgan Dollar went for $235,000 in the recent New York auction by Heritage. 1893 saw the smallest mintage of Morgan dollars out of the entire series, and almost none have survived in as good condition as this one.
The 1893-S dollar is generally considered to be the most desirable single Morgan dollar issue struck at a branch mint. Specimens are highly desired in all grades, and not just among Morgan dollar date and mintmark collectors. Many others just desire to have an example of this classic rarity in their collection.
Most surviving 1893-S Morgan dollars are in the Good to Very Fine range, with the majority of known pieces in the single grade category of Very Fine. Bowers writes in A Guide Book of Morgan Silver Dollars that most such pieces circulated in the American West, “for an appropriate but apparently restricted time, to bring them to this grade. Mint State coins exist. However, among the great Treasury release coins of 1962 through 1964, no bag or even small group was found.” NGC has certified, to date, just 27 Uncirculated 1893-S dollars, and PCGS 37 Mint State specimens (9/13). A number of these are likely resubmitted or crossover coins.
If you’re a Morgan or Peace dollar collector with a more modest budget, check out our raw and graded 19th century U.S. Silver section at Gainesville Coins.
West Coast coin collector Deb Beibesheimer has revealed to the public one of her newest acquisitions: a 1998 American Silver Eagle struck on a .900 fineness commemorative silver dollar planchet. The coin has been certified genuine by PCGS and graded MS68.
This is the only known example of a Silver Eagle bullion coin being struck on such a planchet. The coin exhibits no reeding on the edge, as the 38.1mm silver dollar planchet is smaller than the 40.6mm Silver Eagle one, and so did not make contact with the collar.
Since American Silver Eagles do not carry mintmarks, a little sleuthing was necessary to narrow down the possible Mint this error was struck. Records show that in 1998, the San Francisco Mint was the only mint to strike both Silver Eagles and commemorative silver dollars, so it is likely this is the site of the coin’s manufacture.
You can read more, and see the image supplied by Ms. Beibesheimer at Coinworld.
The obverse of the 1909 Lincoln cent is the longest-running coin design in U.S. history, and was the first design featuring a President to appear on American coinage. After 104 years, do you think it’s time for a change? Or perhaps you think that we should ditch the penny altogether, like many other industrialized nations? (The U.S. Mint states that it takes 2.41 cents to make each penny.)
Some people are fans of the new “retro” reverse of the one cent coin that debuted in 2010, and would like to see a new “Liberty penny.” Before the Lincoln penny, Lady Liberty was featured on the penny every year from 1793 to 1908, except 1856-1858, when the “Flying Eagle” cent was minted.