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Lot: 2859
Auction: 1116
1892-S $1 MS60 NGC....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 18, 2008
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Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 7 Internet/mail bidders, 550 page views

Description
1892-S $1 MS60 NGC. The 1892-S Morgan dollar, with its mintage of 1.2 million pieces, was not an issue that attracted particular notice for many years. Circulated examples have long been readily available, and premiums through XF are modest compared to other challenging dates with similar mintages. Following the Treasury releases of the early to mid-1960s, though numerous Morgan dollar dates experienced known population explosions, the 1892-S never turned up in appreciable quantities, and collectors began to recognize it as conditionally elusive in AU and better.
Throughout the 1960s and 1970s (and to a certain extent, the 1980s, as exemplified by passages in Wayne Miller's The Morgan and Peace Dollar Textbook), prior to the widespread acceptance of certification services and their grading standards, the 1892-S was often subject to misgrading, willful and accidental, with near-Mint State pieces the most frequent subjects. As a result, many knowledgeable collectors shied away from all but the highest-quality survivors, and the resulting lack of demand depressed prices. Since the 1990s, however, the greater confidence placed in certified grading has increased the popularity of this issue.
The present piece is strictly Mint State, with no trace of wear on any part of the design. While the MS60 designation may suggest an unattractive coin, this example is remarkably pleasing, and no abrasions merit individual mention, though a number of fine marks on each side confirm the grade's accuracy. Well struck and strongly lustrous beneath generally silver-white patina that shows occasional golden tints. Census: 6 in 60, 43 finer (7/08).(Registry values: P8, N4719) (#7218)



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 454, Lot 2985 Saturday, January 12, 2008 60 NGC $34,500.00
Auction 372, Lot 9795 Saturday, May 7, 2005 60 NGC $32,200.00
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