Lot 1475
1895-O Morgan Dollar. PCGS graded MS-64. As a date, 1895-O is one the condition rarities of the Morgan silver dollar series. Unlike virtually every other date, no bag of these turned up in mint state. Hence very few were saved at the time of issue, and virtually the entire mintage circulated. PCGS, after 15 years of grading coins, has only graded a total of 103 in various mint state grades, most at the lower end of the grade range. Yet, here is a near gem for your set. The surfaces are white, with no signs of toning and the luster is full. As always for the date, there is minor weakness on the curl over Liberty's ear and on the breast, although all the feathers do show, they are not struck up to the fullest extent possible. PCGS has graded only 8 this high, with 7 graded higher, confirming the tremendous rarity of the date. As we know, the Morgan silver dollar series is one of the most popular dates sets collected. Most dates are available in any grade desired, but the key dates, such as the 1895-O have tremendous pricing pressure on them, as there are simply not enough coins to go around for the collectors desiring one. Careful review of the PCGS Population Report will confirm that 1895-O is one of the great rarities of the series, especially in high mint state grades. We heartily recommend purchasing this coin if you are a serious collector, as high grade examples are rarely offered. In searching through United States Small Cents-Silver Dollars, Significant Auction Records by Dannreuther & Garrett (a summary of all coins auctioned which brought more than $500) for the years 1995 through June 2000 we note that only one single example was offered that is PCGS graded MS-64, that in 1995. Needless to say, waiting for the next one could take another 7 years if this is the grade you desire.
Estimated Value $40,000 - 50,000.
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| Realized $55,200 |
