Summer Splash Coin Consigns Auction 2 of 6 Day 1
By Key Date Coins
Jul 20, 2021
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States

600+ Lots of premium Numismatics from around the Country including; Morgans, Peace $'s, Rare Type coinage, Rare Gold, Lg cents, ½ cents, Indians, Bust coinage, Barber coinage, Buffalo's, Currency, VAM's, Varieties, Errors, NGC/PCGS/SEGS Slabs, Original rolls of Morgans plus much, much more.....
The auction has ended

LOT 172:

*Highlight* 1882-cc TOP POP Morgan $1 Graded ms67 DMPL

Sold for: $4,000
Start price:
$ 4
Estimated price :
$17,500 - $35,000
Buyer's Premium: 20%
sales tax: 8.875% On lot's price, no sales tax on commission
tags:

*Highlight* 1882-cc TOP POP Morgan $1 Graded ms67 DMPL
***Auction Highlight*** 1882-cc TOP POP Morgan Dollar $1 Graded ms67 DMPL By SEGS. HIGHLIGHT OF THE ENTIRE AUCTION - Up for Auction is a TOP POP Tied with just 1 other coin for Finest Known, ms67 DMPL, 1882-cc Carson City Morgan. Collectors owe a debt of gratitude to the General Services Administration sales of the 1970s (ended in 1980) for the dispersal of millions of Mint State CC-mint Morgan dollars. When the price of silver began to rise and silver dollars became worth more than their melt value, the Treasury ceased payments of silver dollars in March 1964. As the Bowers-Borckardt Silver Dollar Encyclopedia explains, although the Carson City Mint had ceased coinage in 1893, it continued to store many millions of CC Morgans until 1899, when about 5 million coins were transferred--mostly to Treasury vaults in Washington, D.C., with some others going to the San Francisco Mint.All of those CC-mint dollars were promptly forgotten, for decades.Collector interest in mint marked coins was spurred, coincidentally, in 1893 by the publication of a small pamphlet by Augustus Heaton called Mint Marks. The book listed "causes of attractiveness" of various mint marked coins, forever altering the landscape of U.S. numismatics. Collectors became accustomed to collecting coins according to whether they had an S for San Francisco, a D for Dahlonega (and later Denver), a CC, an O for New Orleans, or a C for Charlotte. (Other mint marks--W for West Point, and P for Philadelphia--were many years in the future.)In the quarter-century from 1910-1935, when the Peace dollar series ended, collector interest had increased in collecting Morgan dollars by mintmark. In the 1940s and 1950s, some dealers obtained quantities of various CC-mint marked dollars at face value, making a good living reselling the nice ones. (The smallest quantities were those for 1879, 1889, and 1893, presaging the current market conditions of today.) When the Treasury stopped silver dollar payouts in 1964, many thousands of CC Morgan dollars dated from 1880 through 1885, in particular, remained. (The history of the Morgan dollars from four mints over a period of 90 years is a complex one; see Bowers for much more information.)Of the original mintage of 1,133,000 1882-CC silver dollars, the General Services Administration still held more than 605,000 coins, or about 53.4% of that total. This coin, along with just one other--of all that vast quantity--has risen to the top as the two finest certified. This is one of only two MS67 DMPL 1882-CC certified, with none finer.The surfaces are fully proof like and deeply reflective, with silver-white coloration and a complete lack of distractions. The strike is bold, save for a hint of softness over the ear, and the devices are fully frosted and stunning in their intensity. A coin for the finest Morgan collection. I am including the other ms67 DMPL as a comparison. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation