Morgan Silver Dollar
1888-S Morgan Silver Dollar. MS-65 DMPL (PCGS).
A stunning DMPL Gem with heavily mirrored fields and satiny devices throughout. Overall brilliant and platinum-white with just a dusting of peach-colored patina visible in areas. This specimen is among the very finest known, sitting at the top of the PCGS Population Report with only 4 others. It is the ideal candidate for an advanced Registry Set of Morgan dollars or US type. One of the more elusive Morgan dollars from the 1880s, the 1888-S is a low mintage issue with just 657,000 pieces produced. Although not represented to any great extent in the Treasury Department silver dollar releases of 1962 to 1964, many examples of this date were paid out by the federal government during the 1940s and 1950s. Most of those coins went to Nevada casinos or otherwise found their way into circulation, however, helping to explain the scarcity of Mint State survivors in today's market. The Redfield hoard dispersed in 1976 contained five to 10 bags, many coins therein Prooflike in finish, but most heavily abraded. Seldom found with DMPL contrast and no distractions, the present 1888-S is a truly significant offering.
PCGS# 97187. NGC ID: 2557.
PCGS Population: 5; none finer.
Estimate: $12000