1897-O $1 MS62 认证号11330229, PCGS号7248

拥有者评论

Purchased from Heritage Auction's 2007 Saint Louis Signature Coin Auction. Lot #4954.

专家评论

Q. David Bowers

The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Numismatic Information

Hoard coins: A few bags of 1897-O dollars came on the market in the East, in the greater area comprising New Jersey, eastern Pennsylvania, and southern New York, in the late 1940s and again in the early 1950s. These were from storage in the Treasury Building in Washington, D.C. There was little investor interest at the time.

It has been said that a few bags of 1897-O dollars were part of the Treasury release of 1962-1964, from storage in a sealed vault at the Philadelphia Mint, but I have found no specific record of them. Harry J. Forman, who never handled a bag of 1897-O dollars, reported that New York dealer Joel Coen is said to have had 10 rolls, perhaps from the 1962-1964 distribution. Other 1897-O dollars turned up in quantity through the branch of the Federal Reserve Bank in Helena, Montana, but these were lightly circulated coins mixed in with "slider" 1894-O, 1895-O, and 1896-O pieces. A bag of 1897-O dollars was reportedly stolen from LaVere Redfield in 1963 (Miller, p. 6).

The 1897-O issue is not one to have attracted much attention, for the typical piece is lightly struck and unattractive. Once again, the New Orleans Mint workers were just doing their job: turning out massive quantities of dollars, without regard to quality.

Circulated grades: The 1897-O is readily available in worn grades up through and including AU-58, although it is not among the most common in the series.

Mint State grades: Mint State coins are somewhat scarce in comparison to later New Orleans Mint dollars. While roll quantities were on the market in the 1960s, by 15 to 20 years later these were mostly if not entirely dispersed. Today, Mint State 1897-O dollars are apt to be seen one at a time, and in lower levels such as MS-60 to 62, in which category an estimated 5,000 to 10,000 exist. At the MS-63 level 1897-o is rare; 400 to 800 survive. In MS-64 only 80 to 150 exist, and in MS-65 about 50 to 100.

Most 1897-O Morgan dollars are poorly struck with unsatisfactory lustre. Sharply struck pieces do survive, however, and are worth a premium when found. Once again, cherrypicking is advised. In sharply struck MS-65 grade the 1897-O is among the rarest Morgan issues.

Prooflike coins: PL and DMPL coins exist and arc rare. Most such pieces are sharply struck. Most are in lower Mint State grades and have a generous quotient of bag marks. As of September 1992, NGC and PCGS graded five PL and seven DMPL pieces.

Varieties

Circulation strikes:

Normal date: Breen-5651. Probably not all 22 pairs of dies were used. Varieties are mostly positional.
Dies prepared: Obverse: 22; Reverse: 22

Circulation strike mintage: 4,004,000; Delivery figures by month: January: 240,000; February: 540,000;
March: 600,000; April: 600,000; May: 600,000; June: 400,000; July: none; August: none; September: none; October: 220,000; November: 450,000; December: 354,000.

Estimated quantity melted: Over a million, probably mainly under the provisions of the 1918 Pittman Act ..

Availability of prooflike coins: Prooflike and DMPL coins are rare. When seen, they are often sharply struck (in contrast to the usual Mint State coins).

Characteristics of striking: Usually weak at centers, with unsatisfactory lustre.

Known hoards of Mint State coins: A few bags were released by the Treasury in the late 1940s and early 1950s and by now are mostly if not completely dispersed.

Commentary

The 1897-O is common in worn grades but is very rare in sharply struck MS-65 preservation.

Additional Information

Distribution of Dollars

The Report of the Director of the Mint for the fiscal year endingJune 30, 1897 told of dollar distribution in New Orleans:
New Orleans: In mint July 1, 1896, 11,610,000; coinage, fiscal year, 5,930,000; total, 17,540,000; in mint July 1, 1897, 16,686,000; distributed from mint, 854,000.
PCGS #
7248
设计师
George T. Morgan
边缘
Reeded
直径
38.10 毫米
重量
26.73 克
铸币数量
4004000
金属成分
90% Silver, 10% Copper
更高评级数量
415
评级较低的钱币数量
7832
地区
The United States of America
价格指南
PCGS 数量报告
拍卖 - PCGS 评级的
拍卖 - NGC 评级的

稀有性和存量估计 了解更多

评级
所有评级 400000 R-1.7 60 / 117 TIE 60 / 117 TIE
60或以上 11000 R-2.9 27 / 117 TIE 27 / 117 TIE
65或以上 38 R-8.7 17 / 117 17 / 117
所有评级 400000
60或以上 11000
65或以上 38
所有评级 R-1.7
60或以上 R-2.9
65或以上 R-8.7
所有评级 60 / 117 TIE
60或以上 27 / 117 TIE
65或以上 17 / 117
所有评级 60 / 117 TIE
60或以上 27 / 117 TIE
65或以上 17 / 117

状况普查 了解更多

位置 评级 缩略图 家谱和历史
1 MS67 PCGS grade

Heritage 3/1995:5702, $62,700 - Gregg Bingham NFL Collection - Heritage 1/2001:7977, $109,250

1 MS67 PCGS grade MS67 PCGS grade

Jack Lee Collection - Heritage 11/2005:2329 (as PCGS MS67 05700150), $126,500

3 MS66+ PCGS grade  
	PCGS #7248 (MS) 66+

John M. Clapp, obtained directly from the Mint in 11/1897 - John H. Clapp Collection, sold intact in 1942 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:2305, $44,000 - Arno Collection - Heritage 1/2009:5047, $48,875 - Heritage 8/2012:5211, $152,750 - IPS Collection (PCGS Set Registry)

3 MS66+ PCGS grade MS66+ PCGS grade

JJohn Diekhans - Wayne Miller - Superior 1/1986:1316 - Ralph & Lois Stone Collection - Sotheby's 5/2018:118, $262,500 - Illinois Set Collection (PCGS Set Registry)

3 MS66 PCGS grade

Anne Kate Collection. Part II - Bowers & Merena 8/2006:2260, $89,700 - “Jackson Hole’ Collection - Heritage 4/2007:90, $63,250

#1 MS67 PCGS grade

Heritage 3/1995:5702, $62,700 - Gregg Bingham NFL Collection - Heritage 1/2001:7977, $109,250

MS67 PCGS grade #1 MS67 PCGS grade

Jack Lee Collection - Heritage 11/2005:2329 (as PCGS MS67 05700150), $126,500

 
	PCGS #7248 (MS) 66+ 
#3 MS66+ PCGS grade

John M. Clapp, obtained directly from the Mint in 11/1897 - John H. Clapp Collection, sold intact in 1942 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:2305, $44,000 - Arno Collection - Heritage 1/2009:5047, $48,875 - Heritage 8/2012:5211, $152,750 - IPS Collection (PCGS Set Registry)

MS66+ PCGS grade #3 MS66+ PCGS grade

JJohn Diekhans - Wayne Miller - Superior 1/1986:1316 - Ralph & Lois Stone Collection - Sotheby's 5/2018:118, $262,500 - Illinois Set Collection (PCGS Set Registry)

#3 MS66 PCGS grade

Anne Kate Collection. Part II - Bowers & Merena 8/2006:2260, $89,700 - “Jackson Hole’ Collection - Heritage 4/2007:90, $63,250