David Hall: The incredible MS69 coin surfaced at a Mid-West coin show in the 1980's. Dealer Chuck Walanka asked me if I wanted to see two special coins and then he proceeded to show me the 1884-S later graded by PCGS MS68 and the 1896-S later graded by PCGS MS69!!!!! Needless to say, I was virtually speechless. I bought the coins for what was a big price at the time...I think I paid him $40,000 for the pair. I sold both coins to collector George Bodway. Later, Jack Lee bought the Bodway collection intact, combining the two best Morgan dollar collections of the time into one. Jack continued to upgrade his set, building the greatest Morgan dollar set of all-time.
The 1896-S is one of the most amazing coins I've handled in my career. When I first saw it I couldn't believe my eyes...it has absolutely flawless, mark-free surfaces. What a coin! I was really glad the late George Bodway got the coin as he was very passionate about his coins and he was a really genuinely nice man. Ditto the late Jack Lee, one of the true gentlemen of the coin community.
Chuck Walanka, who sold this coin and an 1884-S $1 that later graded PCGS MS68 for $40,000 - David Hall - George Bodway, who sold his collection intact - Jack Lee 1 Collection - Jack Lee 2 Collection - Jack Lee 3 Collection - Heritage 11/2005:2328 (as PCGS MS69 04884181), $402,500
Arno Collection - Heritage 1/2009:5046, $40,250 - Heritage 8/2011:7339, $74.750 - Gold River Collection