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Current News and Analysis
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Rare Coin Market
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Finest Known 1893 S Morgan on the Block
October 16, 2017
The majority of the rare coin market is currently steady at present levels. While there has been some discounting for specific coins, it appears to be just a matter of some dealers trying to improve cash flow. In addition, CAC and + better date coins are very much in demand and are selling very quickly, especially if they are priced near the current NumisMedia CAC and + levels.
Next up on the major auction docket is Legend’s Regency Auction XXIII, being held in conjunction with the PCGS Members Only show in Philadelphia on October 26th. Many will attend this event just to see the results of two spectacular Morgan Dollars.
The finest known 1893 S Morgan Dollar in PCGS MS67 with a CAC sticker will be available with its historic pedigree, from the Vermeule III Collection to Jack Lee and on to the Coronet Collection. While the rest of the Coronet Collection was sold in 2015, this coin was held back and was being offered for direct sale for $2,000,000.
1893 S Morgan Dollar PCGS MS67 CAC is available at the Legend Rare Coin Auctions Regency Auction XXIII in Philadelphia, Pennsylvania, October 26, 2017
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The 1892 S Morgan in PCGS MS67 CAC also has quite a history; it was part of the Eliasberg Collection and most recently the Coronet Collection. While there is one graded in MS68 by PCGS, it has not been traded (at least publicly) for over ten years. This MS67 is nearly flawless to the naked eye with wonderful toning; the current value for this date with a CAC sticker is $500,000.
1892 S Morgan Dollar PCGS MS67 CAC is available at the Legend Rare Coin Auctions Regency Auction XXIII in Philadelphia, Pennsylvania, October 26, 2017
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There are many other great rarities in this Legend Regency Auction XXIII, from all denominations, but we have concentrated on the Morgan Dollars and $10 Gold Indians below.
Date/Denomination |
Grade | Current
Market |
| 1884 S Morgan Dollar | PCGS MS63+ CAC | $48,000 |
| 1893 O Morgan Dollar | PCGS MS66 P/L CAC | $265,000 |
| 1894 Morgan Dollar | PCGS PR67 DCam | N/A |
| 1907 $10 Gold Indian Wire Rim | PCGS MS66 CAC | $102,500 |
| 1908 D $10 Gold Indian No Motto | PCGS MS65+ CAC | $27,500 |
| 1910 S $10 Gold Indian | PCGS MS66 | $88,500 |
| 1914 D $10 Gold Indian | PCGS MS67 CAC | $37,500 |
| 1915 S $10 Gold Indian | PCGS MS65 CAC | $49,750 |
| 1920 S $10 Gold Indian | PCGS MS63+ CAC | $79,500 |
| 1930 S $10 Gold Indian | PCGS MS65+ CAC | $71,500 |
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