1897 $1 MS(PCGS#7246)

Spring 2025 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

4364

Grade

MS67

Price

3,840

Lot Description

Still desirable today due to a relatively limited mintage of 2,822,000 circulation strikes, the 1897 was actually a major rarity from the time of issue through the earliest decades of the 20th century. Beginning in the 1950s, however, bags became common in Eastern banks from Treasury Department releases. Q. David Bowers (1993) writes of additional releases from the Treasury Department during the 1960s, and also in Montana and California around the same time. These were followed by the discovery of 16 to 18 bags in the estate of LaVere Redfield in the 1970s. These finds made the once rare 1897 a plentiful issue in Mint State - a familiar scenario in the Morgan dollar series. In one regard the 1897 has retained its awesome rarity, however, and that is as a condition rarity in the finest Mint State grades. This is one of the better seen by PCGS, and is highly recommended for inclusion in a high grade Morgan dollar set.