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Mint State Morgan dazzles

 1893-S Morgan in MS-61

1893-S Morgan in MS-61

Prices realized totaled $10.7 million at the Long Beach Coin and Collectibles Expo auction conducted June 8-11 by Heritage.

Leading the results was a 107.76 ounce Kellogg & Humbert gold ingot. It sold for $188,000.

Heritage said it has a stamped value of $2,109.31, in 1857 dollars. Like many others seen today, it was recovered in the S.S. Central America.

An 1893-S Morgan silver dollar graded MS-61 by the Professional Coin Grading Service was hammered at $176,250.

This is the first Mint State example of this coin offered at Heritage Auctions since July 2015. Fewer than 70 examples of this issue have been certified in Mint State grades by the major grading services, a minuscule number when taking into account the popularity of the Morgan dollar series, the cataloger noted.

“The market for rare and unusual specimens is still doing very well,” said Jim Halperin, co-founder of Heritage Auctions. “We saw robust activity at Long Beach with 13 bidders vying for the top lot.”

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This article was originally printed in Numismatic News. >> Subscribe today.

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