1892 $1 Morgan Silver Dollar PCGS MS65

1892 $1 Morgan Silver Dollar PCGS MS65--$2,975.00

      It is with pleasure that we at AUCM are offering a glistening example of the 1892 Morgan dollar. Perfect for the collector pursuing a full set of Morgan dollars, it would also be an exciting piece in a type set of Morgan or all U.S. dollars over the years. This is a tough date. NGC Coin Explorer tells us, "For a Philadelphia issue, the mintage of the 1892 Morgan dollar is quite low at just over a million coins. This has made the 1892-P Morgan a semi-key in the series. It is relatively common throughout the choice level, but becomes...rare in gem."

      David Bowers writes, "As a class 1892 dollars are chameleons. Some are sharply struck with very nice lustre, and are a joy to behold." Bowers hit the nail on the head, for he described the current offering to a tee!  Bowers continues, "The 1892 is scarce in Mint State....Really choice MS-64 and MS-65 or finer coins are very hard to find...." He writes that the strike "Varies from weak to sharp....Some hunting is recommended to find a sharp one. Luster varies from dull and poor to lustrous and 'flashy.' " AUCM has taken the need for "hunting" away, for the specimen we are offering has a noticeably sharp strike and is "lustrous and 'flashy.' "!

      It appears that very few 1892 dollars were released during the 19th century. Since the date was not found in banks or in circulation, collectors were inspired to purchase proofs instead, of which 1,245 were produced. It was in the late 1950s and early 1960s that many bags were paid out, and therefore 1892 was considered to be a major rarity. However examples hit the market and most were gone before the Treasury release of 1962-1964.