Lot # | 122 |
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Estimate | 20,000.00 - 22,500.00 USD |
Group - Category | Coins & Paper Money - Coins - US |
Lead | $1 1879-S PCGS MS68+ CAC |
Description |
Stunning brilliance and essentially perfect surfaces! It all comes down to quality and this is one of the top five Morgan Dollars certified of this date and Mint. When one considers that hundreds of bags of this date exist in Mint State, and this precise coin is tied with at most four others as the ultimate 1879-S Morgan Silver Dollar, it presents a compelling opportunity. The radiant brilliance is undeterred by toning, and the vastness of frost on Liberty’s cheek and neck remains as fresh as the day it was struck. One minute kiss on Liberty’s jaw is all that separates this coin from an even higher grade. The reverse is just as nice, with a strong loupe needed to find any signs of contact! If you demand the finest, most powerfully preserved Morgan Dollar, then here is one to strive to obtain.
The Morgan Silver Dollars were borne out of the Comstock silver mines. Vast quantities of silver were discovered, and in a similar market adjustment to the price of gold after the quantity of gold hit the market in the 1850s from the California Gold Rush, the price of silver fell. Soon the powers that be contacted the appropriate governing officials and laws were made ready and passed that forced the government to buy domestic silver (from the Comstock Mines) for coinage into silver dollars, but at a premium price! This arrangement was to continue for some years, thus guaranteeing a much higher profit for the silver mined and the perfect end user for all this silver, coins! The coins could be spent, stored or saved, which effectively kept the silver from coming back to market and possibly suppressing prices again. Today, many of the 1879-S dollars that exist were held in canvas Mint bags for the better part of a century, with little care taken to preserve them. Therefore, only a comparative few retain the superb level of preservation, as the grading scale ascends, fewer and fewer are found. These canvas bags were also the source for the extraordinary colors that sometimes appear on the coins at the very top of the bag, where time and patience allowed every imaginable shade to form.
PCGS 104, NGC 165, CAC 42. We sold one of the other four coins at this grade level for $32,400.00 (12/14) and this one is virtually identical in quality and brightness. Finding such virtual perfection is a real challenge, but one that will always satisfy any successful bidder who will then know that the finest example has been obtained.
This coin is being sold with no reserve.
Certification Number 5071889
PCGS # 7092
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Name | The Regency Auction XIV |
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Auctioneer | Legend Rare Coin Auctions, LLC |
Type | Live Webcast Auction |
Date(s) | 10/15/2015 |
The Regency Auction XIV feat. Part II of The Coronet Collection Live Auction: October 15th, 2015 4:30PM PT | 7:30PM ET The Bellagio - at the PCGS Members Only Show Room: Bellagio Ballroom 3 3600 Las Vegas Boulevard South, Las Vegas, NV 89109 | |
Preview Date/Time | Tuesday, October 13th 3PM-6PM PT | Location: Raphael 2 & 3 - By Appointment Wednesday, October 14th 9AM-6PM PT | Location: Raphael 2 & 3 Thursday, October 15th 9AM-3:30PM PT | Location: Raphael 2 & 3 |
Checkout Date/Time | Friday, October 16th 8:30AM-11AM PT | Location: Raphael 2 & 3 |
Location | The Bellagio
Room: Bellagio Ballroom 3
3600 Las Vegas Boulevard South Las Vegas, NV 89109 |
Buyer Premium | 17.50% Buyers Premium |
Description |
When:
The Regency Auction XIV feat. Part II of The Coronet Collection
Live Auction: October 15th, 2015
4:30PM PT | 7:30PM ET
Where:
The Bellagio - at the PCGS Members Only Show
Room: Bellagio Ballroom 3
3600 Las Vegas Boulevard South,
Las Vegas, NV 89109
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Bid Amount | Bid Increment |
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0.00 - 199.00 | 10.00 USD |
199.01 - 999.00 | 25.00 USD |
999.01 - 1,999.00 | 50.00 USD |
1,999.01 - 4,999.00 | 100.00 USD |
4,999.01 - 9,999.00 | 250.00 USD |
9,999.01 - 19,999.00 | 500.00 USD |
19,999.01 - 39,999.00 | 1,000.00 USD |
39,999.01 - 99,999.00 | 2,500.00 USD |
99,999.01 - 199,999.00 | 5,000.00 USD |
199,999.01 - 399,999.00 | 10,000.00 USD |
399,999.01 - 999,999.00 | 25,000.00 USD |
999,999.01 - 1,999,999.00 | 50,000.00 USD |
1,999,999.01 - 9,999,999.99 | 100,000.00 USD |
Currency | USD |
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Buyer Premium | 17.50% Buyers Premium |
Payment Terms |
SALES TAX
All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Nevada are subject to applicable state and local taxes.
PAYMENT
All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendmorphy.com for bank-wiring instructions and/or to provide numismatic references.
RETURN POLICY
All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction.
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