1895-O $1 MS (PCGS# 7236)

2007 Dallas, TX Signature Coin Auction #450

  • Auctioneer:
    Heritage Auctions
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Lot Description
1895-O $1 MS64 PCGS. Ex: Jackson Hole. Pale champagne color graces both sides of this near-Gem with a hint of peripheral gold and iridescent toning. This date is one of the rarest Morgan dollars in Mint State grades, and it is extremely rare in Choice and Gem grades. With an ever-increasing number of collectors seeking such pieces, and a limited, static supply, the demand for this issue should remain strong through the ages. Even low-level Mint State coins, such as MS60 or MS61, are seldom seen in today's marketplace. None were found among Treasury-distributed silver dollars in the early 1960s, although rumors persist that a small number of pieces were released earlier, in the early 1950s. The suggested quantity mentioned in these rumors is between a few dozen and a few hundred. Any Mint State piece that appears on the market today creates excitement among advanced silver dollar collectors, and the appearance of a Choice or Gem piece is cause for celebration. When selecting a Mint State example, it is extremely important to consider the overall eye appeal of the coin. Because of the high price these coins command, and the existence of many superior AU-grade coins that are at least as attractive as low level Mint State pieces, it is important to obtain a coin that possesses superior beauty. Dave Bowers suggested coins that grade at least MS63: "To obtain a decent one, look at the MS63 grade, at least, and be prepared to spend a lot of money. ... Cherrypicking is encouraged, not easy to do with the 1895-O as Mint State pieces are quite elusive. High grade pieces usually show attractive, satiny luster." From The Jackson Hole Collection.
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