1892-O $1 MS (PCGS# 7216)

PN Silver Dollar Session

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5010
  • Grade:
    MS66
  • Price:
    $34,500.00
Lot Description
1892-O $1 MS66 PCGS. Series enthusiasts are well aware of the challenge posed by the 1892-O dollar, in terms of both preservation and attractiveness. In his Guide Book of Morgan Silver Dollars, Q. David Bowers quotes Van Allen and Mallis: "This is probably the most consistently flat struck date of the entire Morgan series ... A small number of full strikes exist, however." Bowers also cites Wayne Miller as joining the "thumbs-down chorus." Bowers himself joins said chorus, making unflattering comparisons to the notoriously poorly produced 1891-O issue and bemoaning its poor definition. Amid the mass of mediocre pieces, however, is an element of hope. Wayne Miller, writing in his Morgan and Peace Dollar Textbook of 1982, noted that a bag of 1,000 1892-O dollars came to light in 1977, and it "contained a considerable number of fully struck Gem pieces." Q. David Bowers suggests that most of the high-end examples extant today come from that source. Certainly, such an origin is plausible, though by no means certain, for the present Premium Gem. The strike, though not absolute at the highest parts of the portrait, is certainly above-average for the issue, and the well-defined feathers on the eagle's breast offer considerable frost. Impressively lustrous and carefully preserved surfaces exhibit only the faintest wisps of patina. Incredible visual appeal for this supremely challenging issue. Population: 4 in 66, 1 finer (11/08). From The Sanderson Family Collection. See: Video Lot Description
View the Original Auction