1894-O $1 MS (PCGS# 7230)

2011 November 8-10 US Coins Signature Auction - Beverly Hills #1161

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3881
  • Grade:
    MS64+
  • Price:
    $11,500.00
Lot Description
1894-O $1 MS64+ PCGS. The 1894-O is one of the great condition rarities in the Morgan dollar series -- common in low grades and rare in Mint State. In his Guide Book of Morgan Silver Dollars, Bowers writes: "Mint State examples of the 1894-O dollar are often wretched in appearance." This brilliant Choice Uncirculated specimen certainly bucks the trend and displays ample luster across minimally abraded surfaces. At the MS64+ level, PCGS has certified 34 examples and only nine pieces finer, all in MS65 (9/11). This piece illustrates the importance of plus grades; an MS65 is worth around six times an MS64. An MS64+, which approaches that elusive Gem status, is certainly a wise purchase.
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