Circulated Proof 1900 Morgan Silver Dollar Auctioned for an Affordable Amount

17 Nov 2017  Fri

Scotsman Auction Co. offered different kinds of interesting coins on 3rd November at the Saint Charles Convention Center in Missouri. A 1930-S Saint-Gaudens $20 double eagle, graded MS 63+ by PCGS with a green CAC sticker could not meet its estimate of $85,000 to $100,000. Nevertheless, some amazing Morgan dollars fared well and were sold for a total of $1,374,140.

A 1900 Morgan silver dollar, graded Proof 45 was sold for $834. The Proof 45 1900 Morgan dollar was not that great in terms of quality within the Proof dollar spectrum. Many of these low-grade samples are identified as a Proof since there were no irculation strikes issued that year at the Philadelphia Mint. The offered coin also does not have any Proof characteristics.

The coin was probably used as a pocket piece as it has smooth and consistent wear. The rims are unusually sharp and the protected areas have good reflectivity. The coin impressively crossed its estimated value of $450 to $550.