1894-O $1 MS(PCGS#7230)

August 2019 ANA U.S. Coins Auction Rosemont, IL

拍卖行

Stack's Bowers

批号

5263

等级

MS65

价格

321,868

详细说明

Phenomenal Gem 1894-O Dollar Only One Finer at PCGS 1894-O Morgan Silver Dollar. MS-65 (PCGS). Simply outstanding quality and eye appeal for this landmark condition rarity among Morgan dollars. The luster is remarkable, both sides fully frosted, the reverse untoned and the obverse with pretty reddish-gold iridescence that is largely confined to the upper border. Virtually all Mint State survivors of this issue are flatly struck in the centers and, while the present example is not complete in those areas, we do note emerging to bold detail to the hair curls around Liberty's ear and the eagle's breast feathers. Other features are sharply to fully defined. Further setting this lovely coin apart from the typical Uncirculated '94-O dollar in today's market is the surface preservation. Both sides are smooth in hand and free of the numerous detracting abrasions that conspire to limit most examples to lower Mint State grades. A remarkable coin in an 1894-O dollar that would do justice to the finest Morgan set. The New Orleans Mint produced 1,723,000 Morgan dollars in 1894. Quantities of Uncirculated coins were paid out from government storage from the early 1950s through the early to mid 1960s. Quantities were limited, however, especially in relation to many other New Orleans Mint issues in this series. Rolls were still available as late as the 1970s, but today Mint State 1894-O dollars are generally offered individually or in small groups, the grade almost always confined to the MS-60 to MS-63 range. Much of this has to do with strike and luster quality. Indeed, the New Orleans Mint struggled with quality control throughout the Morgan dollar series, and the 1894-O is certainly no exception. In fact, "Mint State examples of the 1894-O dollar are often wretched in appearance," as Q. David Bowers writes in A Guide Book of Morgan Silver Dollars (2016). Only a handful of Gems are known, and finding one is a difficult task for even the most dedicated numismatist. In the early 1990s when PCGS assembled a high grade collection of Morgan dollars from various contributors to display around the country, just three coins were included that were graded lower than MS-65. Those three were the 1894-O, represented in "just" MS-64 grade, and two popular varieties, the 1882-O/S and the 1887/6-O. A fantastic condition rarity whose offering in this sale represents a fleeting bidding opportunity for the advanced Morgan dollar collector, we anticipate strong competition for this highly significant Gem. PCGS Population: just 15; with a single MS-65+ finer in this category. PCGS# 7230. NGC ID: 255W. Click here for certification details from PCGS.