1880-O $1 MS (PCGS# 7114)
The November 2011 Baltimore Auction
Lot Number: 2741
View the Original Auction
Boldly lustrous with a crisp, sharp strike and excellent all-around eye appeal. A true rarity in MS-65 in spite of a mintage for the date of just over 5.3 million pieces. Evidently much of the mintage saw heavy commercial duty in the New Orleans region, though some small proportion can be found with only minor difficulty in grades of MS-60 to 63. At MS-64 it becomes a great scarcity to be reckoned with, and in MS-65, as here it is a true <em>condition rarity</em>. Nearly three dozen <em>grading </em>events have occurred for the date at PCGS, but the absolute rarity of the issue in Gem condition leads us to think that a few resubmissions have occurred -- after all, think how much demand there would be for a MS-66 example of the date! Choice for the grade and certain to be a focal point among the Morgan dollars in this sale.