Today we will continue a long series showing unslabbed Morgan Dollars.
This series is dedicated to my #ssg-community friend @silverd510, a real expert in this field.
PCGS, the first coin grading and authentication service, started slabbing coins in 1986.
Those coins were bought since the late seventies to the late eighties, and the dealers attributed the grades to them.
I bought them from three big and highly regarded dealers at the time. Unfortunately they do not exist any more. Things change in forty years...
These dealers were very strict when grading, so if I send these coins to be graded and slabbed maybe I will receive higher grades. Who knows...
I will show them in the order they were minted.
This is the MS-60 1899-S Morgan Dollar. It was bought at NERCA (New England Rare Coins Auctions).
It weights 26.73g with 90% silver purity.
2,562,000 units were minted in San Francisco in 1899.
From the NGC site: https://www.ngccoin.com/coin-explorer/morgan-dollars-1878-1921-pscid-49/1899-s-1-ms-coinid-17262
“The San Francisco Mint coined over 2.5 million silver dollars in 1899. However, the majority of these did not necessarily reach circulation. They were stored for decades in the vaults of the Mint before being released in the mid 20th century. This means high grade examples are available, but are surprising harder to find than the Philadelphia issue of this year which had a much lower mintage.”
Just to have an idea of rarity about this coin's grade, from a total of 3,231 1899-S coins, NGC graded 29 as MS-60, with 2,237 graded higher, until today (01/15/2020).
The NGC MS-60 price is around $430.00.
The reverse depicts an eagle with wings outstretched. The mint mark always appears on the reverse above the "o" in "Dollar", except those minted in Philadelphia, that have no mint mark.
The obverse depicts a profile portrait representing Liberty.
Thank you for reading. Please comment, upvote, resteem and advise me.
