Spotlight On The Coronet Collection's Carson City Morgan Dollars, Part 1: 1878 - 1882

Coinweek - On June 25, 2015, Legend Rare Coin Auctions will offer the first half of the PCGS Set Registry Current #1 Morgan dollar set, the Coronet Collection.



As a hand-selected group of Morgan dollars, the collection has few peers in the history of the hobby. In terms of All-time finest sets, PCGS rates Coronet 1/100th of a point behind Jack Lee's famous set. However, this ranking is partly biased by PCGS's new algorithm, which rewards collectors' sets when they contain "Top Pop", pop 1 coins. In that sense, while Lee's set might have been notionally better numerically, Coronet has a definite edge when you consider the new metric, claiming 21 "best knowns" to Lee's 11.

New formula or not, assembling a set like the Coronet collection wouldn't have been possible without collectors like Jack Lee and Wayne Miller. These collectors saw the value of PQ Morgans early on, well before third-party grading quantified the differences between Mint State coins with today's 11-point plus half-step numerical grading standard.

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