1882-O/S $1 Strong MS(PCGS#7138)

1882-O/S $1 Strong MS (PCGS#7138)

Summer 2025 Global Showcase Auction U.S. Coins

Lot Description: Here is a visually stunning and conditionally rare Gem Uncirculated example of this popular Morgan dollar VAM variety. It is frosty and sharply struck throughout, impressively so for a New Orleans Mint issue. Beautifully toned, as well, we note crescents and blushes of peripheral iridescence that features shades of cobalt blue and reddish-orange.The 1882-O/S and 1900-O/CC are the only two overmintmark Morgan dollar varieties listed in the Guide Book that involve mintmarks from two different coinage facilities. The 1900-O/CC is more widely known, perhaps due to the greater popularity of Carson City Mint coins. It is the 1882-O/S, however, that is by far the more challenging to locate in high grades. In fact, this is one of the rarest Morgan dollar varieties in Gem Mint State, adding to the significance of the present offering for advanced collectors.Like the 1900-O/CC, the 1882-O/S Guide Book listing encompasses multiple VAM varieties. For the 1882, these include the "Strong" varieties VAM-3 (O/S Flush) and VAM-4 (O/S Recessed) and the "Weak" variety VAM-5 (O/S Broken). All are equally rare in grades above MS-64. The present VAM-4 coin in PCGS MS-65+ from the Illinois Set is our first offering for a Gem 1882-O/S in half a decade, and the only example certified finer than MS-65 that we have been privileged to bring to auction. An extraordinary condition rarity, this is a highly significant coin that will sell for a strong premium.