Summer Bonus Coin Consignment Auction 1 - Day 2
By Key Date Coins
Aug 11, 2022
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 1154:

***Auction Highlight*** 1901-p Morgan Dollar Mint Error vam 15 R5 $1 Graded Choice Unc By USCG (fc)

Sold for: $10,000
Start price:
$ 20
Estimated price :
$28,750 - $57,500
Buyer's Premium: 18%
Auction took place on Aug 11, 2022 at Key Date Coins
tags:

***Auction Highlight*** 1901-p Morgan Dollar Mint Error vam 15 R5 $1 Graded Choice Unc By USCG (fc)
***Auction Highlight*** 1901-p Mint Error vam 15 R5 Morgan Dollar $1 Graded Choice Unc By USCG. Up for auction is an incredible 1901-p Morgan Dollar. Clean Surfaces for the Grade, A Major Rarity This Fine. The 1901 Morgan dollar is an elite condition rarity. Despite a mintage in excess of 6.9 million coins, the date is scarce in Mint State, rapidly decreasing in availability at each ascending grade level. It is believed that most of the coins not released into circulation at the time of issue were destroyed after 1918 under the terms of the Pittman Act. For most collectors, the finest 1901 Morgan dollars collectible are in MS64. The last two PCGS-graded pieces that were auctioned in this grade realized $52,800 and $55,200, respectively. Gems are almost unheard of today, even though a handful are reported by the grading services. The last to sell at auction was an NGC coin in Bowers and Merena's November 2009 Baltimore auction, which realized more than $155,000. Clearly, the rarity of the 1901 Morgan dollar in high grade is not at all overstated. This near-Gem is blast white with superb satin luster. The strike is a trifle soft on the eagle's breast feathers but is bold elsewhere. To the unaided eye, the coin appears a grade point finer, but a loupe reveals a few faint marks that affirm the MS64 designation. Additionally this incredible coin is not only a conditional rarity but it is both the Vam 15, a R-5 variety, and a mint error, in that it is struck slightly off center on the obverse. WOW. We look forward to this coin's sale with great anticipation. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation