Morgan Silver Dollar
1886-S Morgan Silver Dollar. MS-67 (PCGS). CAC.
The Miller specimen of the 1886-S Morgan dollar offers remarkable quality and eye appeal for this low mintage, semi-key date. This is a sharply struck Superb Gem that combines a universally frosty reverse with an obverse that exhibits decided semi-prooflike reflectivity in the field. That the obverse die was (re-) polished shortly before this coin was struck is confirmed by the presence of die polish lines (as made) in the field, including a particularly noteworthy concentration at the lower border around the date, the base of Liberty's portrait, and stars 1 to 3. There is no toning apart from a blush of iridescent reddish-gold along the reverse border outside the word ONE in the denomination. Popular with collectors, the 1886-S has the lowest mintage (750,000 coins) of any San Francisco Mint Morgan dollar produced up to that point. With most survivors grading no finer than MS-64, even examples in MS-65 are scarce by the standards of this series. This issue is rare in MS-66, and so rare in Superb Gem MS-67 that such examples are usually offered only once in a very long while. Certainly this is an important bidding opportunity for quality-conscious Morgan dollar enthusiasts.
PCGS# 7170. NGC ID: 254X.
PCGS Population: 5; 0 finer. There are no PL or DMPL examples certified finer than MS-66 and MS-65, respectively, at PCGS. CAC Population: 2; 0.
From the Larry H. Miller Collection. Earlier ex Heritage's sale of the Jackson Hole Collection, April 2007 Dallas, TX Signature Auction, lot 49; Heritage's New York Signature Sale of July 2004, lot 7174; Heritage's FUN Signature Sale of January 2005, lot 30308
Estimate: $50000