1893-O $1 MS (PCGS# 7224)
The June 2012 Baltimore Auction
Lot Number: 3206
View the Original Auction
One of the key dates to the series and a coin that is virtually unobtainable in Gem condition. PCGS has certified six at this level with none finer in their Mint State designation. One technically finer coin exists in MS-66 Prooflike certified by PCGS and two more are MS-65 Deep Mirror Prooflike at that service, for a grand total of nine coins that are MS-65 or finer of this entire date and mint issue. Clearly, this condition rarity is an extraordinarily rare coin at this grade level. Such rarity always commands strong attention from buyers as well as a strong price, as so many collectors desire to own the Gem level when possible.<br />
Fully brilliant with reflective fields and boldly frosted devices. There is some degree of contrast, but not quite enough for the Prooflike designation from PCGS apparently. What truly sets this Gem apart is the exceptional state of preservation. Liberty's face and neck have just a few small luster grazes, with no deep or detracting bagmarks or cuts that are so commonly found on these Morgan dollars. The fields are incredibly smooth, appearing with the stillness of a calm morning lake, with glass-like qualities that are as perfect as one could hope to find. After all, the 1893-O is notorious for its bagmarks, which are the rule on this issue. Finding a Gem is a formidable challenge for any collector, and this is certainly one of the nicest to survive of the 1893-O mintage of 300,000 pieces.
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