Silver dollars set to sizzle at Legend’s July auction
Silver dollars are expected to be the top bidder at Legend Rare Coin Auctions’ Regency 46 auction on July 15 in Las Vegas, led by one of the finest $ 1,799 Draped Bust dollars.
The coin, rated Mint State 66 by Professional Coin Grading Service, represents variety B-5, BB-157 in the series references. It would have been in the same family from 1799 to the 1960s, before appearing at auction for the first time in 1990.
It sold at Heritage auction in January 2012 in Florida United Numismatists, where it made $ 260,015, and more recently at Legend’s October 2020 offer of Bruce Morelan’s first dollar collection where it made reported $ 182,125.
Legend’s catalog description praises “a distinctive tone pattern easily identifiable by the splashes of sea green / olive, dark slate blue, pewter-silver and reddish brown that form a pattern of irregular shape surrounding an old “fingerprint”, as well as a crisp typing and unique visual appeal. The Heritage 2012 entry cited the Bowers-Borckardt Silver Dollar Encyclopedia, which lists 22 pairs of known 1799 Draped Bust silver dies, which break down into 11 obverse dies and 16 inverted dies that fetched a recorded mintage of $ 423,515 in 1799.
When offered at Superior’s auction in 1990, this cataloguer wrote: “Here is a draped bust, a heraldic eagle silver dollar teetering on the verge of absolute perfection! One often wonders, in fact, where such a neat piece was hidden during all these years; for it is clear that it has been kept away from day one by generations of savvy numismatists, men and women who respect American currency at its best, men and women who by sheer chance , have come to own what has to be ranked among the greatest of all time silver of 1799 Dollars.
In Las Vegas, he brings an estimate of $ 200,000 to $ 250,000.
Two Morgan Dollar Keys
Two tough Mint State Morgan silver dollars both carry estimates of $ 50,000 to $ 55,000 at the Legend auction.
An MS-63 Prooflike 1889-CC Morgan classified in dollars by PCGS has a green Certified Acceptance Corp sticker on it. and, as the rarest Carson City Mint dollar, is still in high demand by collectors.
The caption writes: “Add to that the incredible fully reflective chandelier, crisp striking and blazing luster, this piece is a very impressive example of CHOICE Brilliant Uncirculated,” concluding, “The visual appeal is grand, bold and beautiful. ”
Rusty Goe Explains The Charm Of The Key Number To Series Collectors In His Recently Published Book The Confident Collector of Carson City, Volume 3, when he writes: “Every collector building such a set will breathe a great sigh of relief (and derive great satisfaction from it) when the window of this date is filled. When a person utters the words “1889-CC Morgan silver dollar” the power rises in the mind (and rises from the chest) and is exhaled through the mouth. “
Less well known but even rarer is a 1901 Morgan dollar, the PCGS graded MS-64 coin offered, also with a green CAC sticker.
The date is the rarest Philadelphia Mint Morgan dollar in uncirculated grades. The caption explains, “An award in any Mint State grade, the closer you get to GEM on the rating scale, the rarer this coin is,” before pointing out: “Exactly three dozen were rated MS64 or higher. fine at PCGS – and this is after 36 years of filing operations and many hordes of Mint State Morgan dollar bags appearing – no large amount of 1901 dollars has ever been released. ”
The rarity offered is quite striking, with a brilliant luster, and the cataloguer describes “a creamy silvery white iridescent hue in the fields”.
It’s hardly available in the higher grades, which puts pressure on nicer MS-64 reps like the offering in question. For reference, another example classified as PCGS MS-65 with a green Certified Acceptance Corp. sticker. sold for $ 288,000 at Stack’s Bowers Galleries in November 2020.
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