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Type Live Webcast Auction
Price Realized 20,562.50 USD
Date Sold 10/15/2015


Lot # 122
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
Name The Regency Auction XIV
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
Auction Terms & Conditions This is a public auction, conducted in accordance with these Terms and Conditions of Sale, by Legend Rare Coin Auctions (hereinafter referred to as “LRCA"). By bidding on any lot offered by LRCA, the bidder indicates acceptance of the following Terms and Conditions of Sale. Bidders are to comply with the Terms and Conditions of Sale, posted on LegendAuctions.com, at the time of the auction in which they are participating. BUYER'S PREMIUM A 17.5% buyer’s premium will be added to all successful bids, and is payable by the winning bidder as part of the total purchase cost. 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@legendauctions.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. SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice. BIDS VIA TELEPHONE An absentee bidder may also participate live, during the auction, via telephone. Requests for phone bidding must be received at least three days prior to the auction date. Please fill out our phone bidding request form online or call 732-935-1795 to request a call from one of our representatives during the live auction. LRCA cannot guarantee phone lines, but will make every effort to accommodate those who wish to participate via this method. RIGHTS & RESPONSIBILITES The auctioneer will determine the highest bidder. The auctioneer, alone, has the right to reopen the bidding for an item, if deemed necessary. LRCA and its representatives reserve the right to remove any attendees who impede the preview and/or the auction. Title to all merchandise shall pass to the winning bidder after receipt of good funds by LRCA. Bidders will be held responsible for their bids, including those bids placed incorrectly. PLEASE VERIFY BIDS BEFORE SUBMITTING THEM. In order to have a bid removed or corrected, bidder must contact LRCA prior to start of the auction. Bidder waives auctioneer’s responsibility and holds LRCA harmless for failure to recognize, accept, receive or execute any lost or missing bids by Internet, telephone, email, floor bid, fax, mail or other means. LRCA reserves the right to postpone or cancel an auction without notice. Lots may be withdrawn at LRCA’s discretion, without prior notice. Lots may carry a reserve. A reserve is a price below which the auctioneer will not sell an item, or will re-purchase the item on behalf of the consignor or for LRCA. LRCA permits bids to be placed by the auctioneer, or an employee of the auctioneer, up to the pre-determined reserve set by the consignor. Legend Rare Coin Auctions' partner, Legend Numismatics, reserves the right to bid on items, for its own account and for the accounts of its clients. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
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
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.
SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice.