Lot 1501
1904-S. PCGS graded MS-64 PQ CAC Approved. Lovely light golden toning on both sides. An impressive strike. It is understood that quantities of 1904-S Morgan dollars dribbled out of government holdings through the 1950s. The distributing institutions were as varied as the Treasury Department in Washington, D.C. and banks in the Los Angeles area. These coins served to make dealers and collectors think at the time that the '04-S was a common date in Mint condition. With the later Treasury Department holdings in the early 1960s and the Redfield estate in the 1970s (neither of which contained any Uncirculated '04-S Dollars), specialists began to understand that this date is more elusive than first believed. Today, 1904-S, the penultimate Morgan Dollar from the San Francisco Mint, is rightly regarded as one of the condition rarities in this actively collected series. Pop 385; 142 finer at PCGS (PCGS # 7294) .
Estimated Value $3,700 - 3,800.
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| Realized $4,140 |
