1891-O $1 MS(PCGS#7208)

November 2017 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

10097

等级

MS66

价格

147,179

详细说明

One of the Two Finest Certified 1891-O Morgan Dollars 1891-O Morgan Silver Dollar. MS-66 (NGC). An exceptional strike and condition rarity that will impress even the most discerning Morgan dollar enthusiast. Fully defined elsewhere, the hair curls over Liberty's ear and the eagle's breast feathers are boldly to sharply detailed. Brilliant apart from the lightest peripheral toning on the obverse, both sides are highly lustrous with a smooth satin texture. A delight to behold, and sure to sell for a premium bid. One of the most interesting Morgan dollars from the standpoint of coinage history, the 1891-O is the only issue in this series struck under three different authorizations: the Bland-Allison Act of 1878, the Sherman Silver Purchase Act of 1890, and the Trade Dollar Recoinage Act of 1891. The New Orleans Mint used bullion supplied by all three of these pieces of legislation to strike 7,954,529 coins. As a whole the coiners at the Louisiana branch mint did a very poor job with this issue, the typical example so bluntly struck over the central high points as to be aesthetically unappealing. Indeed, the 1891-O is a strong contender for the title of poorest struck Morgan dollar, Q. David Bowers (1993) stating that, "Many are nearly as flat as the proverbial pancake." Due to this feature the 1891-O is often overlooked in today's market, the issue holding little appeal for type purposes and considered somewhat of a necessary evil by date collectors. Most numismatists in the latter category opt for a lustrous and overall smooth MS-64, accepting a more or less soft strike as par for the course. Since an above average to full strike is an important requirement at the Gem grade level, PCGS and NGC have certified only a handful of 1891-O dollars in MS-65 and MS-65+. The present example, with exceptionally full detail and outstanding surface preservation, is one of only two MS-66s certified, both at NGC. It is a breathtakingly beautiful coin that would serve as a focal point in the finest Morgan dollar cabinet. PCGS# 7208. NGC ID: 255J. NGC Census: just 2; 0 finer in this category. PCGS has yet to certify a single 1891-O dollar finer than MS-65+ in any category. Provenance: From Heritage's sale of the M L Moser Collection, #1 NGC Morgan Dollar Registry Set, April 2014, lot 5301.