1895-O $1 MS(PCGS#7236)

March 2018 Baltimore U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

2241

Grade

MS63+

Price

48,000

Lot Description

Key Date 1895-O Dollar A Condition Rarity 1895-O Morgan Silver Dollar. MS-63+ (PCGS). Offered is a lovely and significant Choice example of this well known rarity among New Orleans Mint Morgan dollars. The quality of strike is remarkable for an issue that, when offered in Mint State at all, is apt to be softly defined in the centers with lackluster surfaces. Both sides of this piece are boldly to sharply struck and exhibit full, soft satin luster. Brilliant apart from subtle obverse peripheral highlights, this impressive piece would do justice to any advanced Morgan dollar set. With only 450,000 coins struck the 1895-O has one of the lowest mintages among circulation strike Morgan dollars. Most examples were retained in federal vaults and melted later, although more than 100,000 pieces probably entered commercial channels and account for the typically encountered worn survivor. Mint State coins have always been elusive in numismatic circles, and the present offering clearly represents an important bidding opportunity that should not be overlooked. PCGS Population: 2; 22 finer in this category (MS-67 finest). PCGS# 7236. NGC ID: 255Y. Click here for certification details from PCGS.