Today we will continue a long series showing unslabbed Morgan Dollars.
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-63 1881-S Morgan Dollar. It was bought at NERCA (New England Rare Coins Auctions).
It weights 26.73g with 90% silver purity.
12,760,000 units were minted in San Francisco in 1881.
The 1881-S Morgan dollar is easily one of the most commonly encountered mint state Morgans today. By some estimations, perhaps a third of the original 12.7 million coin mintage exists today in mint state.
Just to have an idea of rarity about this coin's grade, from a total of 263,347 1881 coins in mint state, NGC graded 60,911 as MS-63, with 189,268 graded higher, until today (12/06/2019).
The NGC MS-63 price is around $75.00.
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.