Saturday, June 26, 2021

Silver {dollars} set to sizzle in July public sale by Legend

Silver {dollars} are anticipated to prime bidding at Legend Uncommon Coin Auctions’ July 15 Regency Public sale 46 in Las…

By Staff , in Silver , at June 26, 2021

Silver {dollars} are anticipated to prime bidding at Legend Uncommon Coin Auctions’ July 15 Regency Public sale 46 in Las Vegas, led by one of many best 1799 Draped Bust {dollars}.

The coin, graded Mint State 66 by Skilled Coin Grading Service, represents the B-5, BB-157 selection within the sequence references. It had reportedly been with the identical household from 1799 to the Nineteen Sixties, earlier than showing in public sale for the primary time in 1990.

It offered at Heritage’s January 2012 Florida United Numismatists public sale, the place it realized $260,015, and extra just lately at Legend’s October 2020 providing of Bruce Morelan’s early greenback assortment the place it introduced $182,125.

Legend’s catalog description praises “a particular firming sample that’s simply identifiable by the splashes of sea-green/olive, deep slate blue, pewter-silver, and russet-tan that kind an irregular formed sample surrounding an historic fingerprint,” together with a pointy strike and distinctive eye enchantment. The Heritage 2012 entry cited the Bowers-Borckardt Silver Greenback Encyclopedia, which lists 22 recognized 1799 Draped Bust silver greenback die pairings, which break down into 11 obverse and 16 reverse dies that struck a recorded mintage of 423,515 {dollars} in 1799.

When supplied on the 1990 Superior public sale, that cataloger wrote, “Here’s a Draped Bust, Heraldic Eagle Silver Greenback that teeters on the sting of absolute perfection! One typically wonders, certainly, the place such a pointy coin lay hidden all these a few years; for clearly it has been saved apart since Day 1 by generations of educated numismatists, women and men who respect American coinage at its best, women and men who by merest likelihood, got here to personal what should rank as one of many all time nice 1799 Silver {Dollars}.”

In Las Vegas it carries an estimate of $200,000 to $250,000.

Two key Morgan {dollars}

Two difficult Mint State Morgan silver {dollars} each carry estimates of $50,000 to $55,000 on the Legend public sale.

An 1889-CC Morgan greenback graded MS-63 Prooflike by PCGS contains a inexperienced Licensed Acceptance Corp. sticker, and, because the rarest Carson Metropolis Mint greenback, is all the time in heavy demand from collectors.

Legend writes, “Add to that the unimaginable, totally reflective luster, sharp strike, and blazing luster, this coin is a really spectacular CHOICE Good Uncirculated instance,” concluding, “The visible attract is massive, daring, and exquisite.”

Rusty Goe explains the important thing subject’s attraction to collectors of the sequence in his just lately revealed ebook The Assured Carson Metropolis Collector, Quantity 3, when he writes, “Each collector constructing such a set will breathe an enormous sigh of reduction (and derive a lot satisfaction) when this date’s slot is stuffed. When an individual utters the phrases ‘1889-CC Morgan silver greenback’ energy pumps by the thoughts (and up from the chest) and is exhaled by the mouth.”

Much less well-known however even rarer is a 1901 Morgan greenback, the supplied coin graded MS-64 by PCGS, additionally with a inexperienced CAC sticker.

The date is the rarest Philadelphia Mint Morgan greenback in Uncirculated grades. Legend explains, “A prize in ANY Mint State grade, the nearer to GEM you get on the grading scale the rarer this coin will get,” earlier than stressing, “Precisely three dozen have been graded MS64 or finer at PCGS — and that’s after 36 years of grading operations, and many various old-time hoards of Mint State Morgan greenback baggage showing — no massive amount of 1901 {dollars} have ever come out.”

The supplied rarity is well-struck, with good luster, and the cataloger describes “creamy silver white iridescent hue within the fields.”

It’s nearly unavailable in increased grades, inserting strain on nicer MS-64 representatives like the topic providing. For reference, one other instance graded PCGS MS-65 with a inexperienced Licensed Acceptance Corp. sticker offered for $288,000 at Stack’s Bowers Galleries in November 2020.

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