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Rare Morgan Nets Over One Million
by Jon Garner

Finest-known 1893-S $1 Sold to Private Party by Legend Numismatics

Legend Numismatics of Lincroft, New Jersey, has purchased and placed the finest-known 1893-S Morgan Dollar - graded MS67 by Professional Coin Grading Service (PCGS) - for a sum in excess of $1,000,000.00. The purchase price is believed to be the highest ever realized for a Morgan Dollar. This spectacular specimen's pedigree includes the famous Vermeule Collection (Stacks 2001) and Jack Lee 2.

According to Legend Numismatics Co-President Laura Sperber, the buyer, who wishes to remain anonymous, is a lifelong collector of Morgan Dollars who is rapidly accumulating a world-class set. The newly-purchased 1893-S is now his crown jewel. "His passion is to build the finest and most eye-appealing set possible," Sperber said. "Never in his wildest dreams did he think he could own an 1893-S Morgan in high grade, let alone in the ultimate state of preservation."

Renowned among Morgan collectors, this piece boasts outstanding cleanliness, strike and luster. Both the obverse and reverse have a moderate mix of beautiful original golden brown, tangerine and pale purple colors. Miss Liberty and the details are frosty and exhibit extremely sharp strikes. Her cheek is amazingly perfect.

This coin was sold to Legend Numismatics by Chris Napolitano of Summit Rare Coins in Minneapolis.

For further information, e-mail Laura Sperber at lsperber1@hotmail.com or call her at 732-935-1795.


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