A lucky Los Angeles resident has the Professional Coin Grading Service to thank for discovering that a silver dollar left him by his father is a rare and valuable 1893-S Morgan.
Ron Guth, PCGS CoinFacts president, gave the man the good news at a PCGS Meet the Expert session on the final day of the American Numismatic Association convention in Anaheim, Calif., on Aug. 13.
The coin’s owner, who wishes to remain anonymous, had been directed to see Guth by another dealer who had a table on the bourse.
Authenticated at AU-58, the coin has a market value of $53,000 – not a bad payback for attending the ANA show.
The silver dollar’s owner, who also had a gold $20, found that lightning does not strike twice. Guth told him it was a common date worth just its $1,300 melt value.
After hearing the good news about the silver dollar, the man said, “I’m going to sell it. I just have to. Someone else will appreciate the coin, way more than I would,” according to PCGS.
This article was originally printed in Numismatic News.
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