Morgans Command Record Prices in Sotheby’s Auction

Spectacular dollars certified by PCGS, verified by CAC

Morgan Dollars Sothebys
(Photos courtesy of Sotheby's.)

The recent Sotheby’s Historic Coins and Medals Auction in New York set new price records with Morgan silver dollars certified by Professional Coin Grading Service (and verified by CAC) for authenticity and grade.

“The six most valuable coins sold in the auction were graded by PCGS, and a total of 86 of the 100 coins in the complete Morgan dollar set offered by Sotheby’s were certified by Professional Coin Grading Service. PCGS helps maximize the value of your coins while providing the greatest liquidity,” said PCGS President Don Willis.

Three record-setting coins from the collection of Ralph and Lois Stone are of special note for their condition rarity and desirability.

1884-S Morgan dollar
Graded MS-67 by PCGS and verified by CAC, this 1884-S Morgan dollar sold for a record $735,000 in a May 2018 Sotheby’s auction.
(Photo courtesy of Sotheby’s.)

An 1884-S Morgan graded PCGS MS-67, estimated at $300,000 to $500,000, sold for $735,000.

1893-S Morgan dollar
The “King of Morgan Dollars,” an 1893-S graded MS-65 by PCGS and verified by CAC sold for a record $735,000 at a May 2018 Sotheby’s auction.
(Photo courtesy Sotheby’s.)

The “King of Morgan Dollars,” an 1893-S graded PCGS MS-65, also sold for $735,000 and also against a pre-auction estimate of $300,000 to $500,000. The previous auction record for an 1893-S of that grade was $646,250, set in 2014.

1892-S Morgan
A record price of $495,000 was bid at a Sotheby’s May 2018 auction for this 1892-S Morgan dollar graded MS-67 by PCGS and verified by CAC.
(Photo courtesy of Sotheby’s.)

An 1892-S dollar, graded PCGS MS-67, was estimated at $250,000 to $350,000 and sold for $495,000, breaking the previous $446,500 record set in 2015 for that date and grade.

“The ’92-S is rather common in circulated grades, but a true rarity in higher mint state. The outstanding Sotheby’s auction proved there is continuing demand for truly scarce, high-grade classic United States coins,” explained Willis.

All prices include the buyer’s premium. A full list of prices realized for all of the PCGS-certified coins in the May 21, 2018 Sotheby’s can be found here.

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