1896-O $1 MS (PCGS# 7242)

PN Silver Dollar Session

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5043
  • Grade:
    MS65
  • Price:
    $69,000.00
Lot Description
1896-O $1 MS65 NGC. The best introduction to this issue as a high-grade condition rarity is the opening paragraph for its entry in Silver Dollars & Trade Dollars of the United States by Q. David Bowers, who wrote in 1993: "The 1896-O dollar is one of those coins that makes numismatics so interesting and, at the same time, puzzling to the uninitiated observer. On one hand, a well-worn specimen can be bought with a $10 bill [perhaps a $20 bill today]. On the other hand, no less an authority than Wayne Miller wrote that 'the 1896-O is the rarest of all Morgan dollars in truly gem condition.' In some ways the 1896-O is similar to its cousin of a decade earlier, the 1886-O. Both are exceedingly rare in high Mint State levels, but are relatively available MS-60 to 62." The 1896-O presents a substantial challenging for the collector who seeks a technically satisfying representative. This is exemplified by the writing of the above-quoted Wayne Miller: "No other Morgan dollar is as consistently deficient in luster, strike, and degree of surface abrasions as the 1896-O." To the collector accustomed to the 1896-O issue's prevailing mediocrity, this MS65 coin must come as a revelation. The strike, though not absolutely sharp at the hair over Liberty's ear, is substantially above-average for the issue, and the smooth surfaces are anything but lacking in luster. Subtle gold and pink tints visit otherwise silver-white surfaces. Bowers wrote that "In full MS-65 or better the 1896-O Morgan dollar is the stuff of which legends are made." Which modern-day collecting legend will add this piece to his or her collection? Census: 3 in 65, 0 finer (11/08). From The Sanderson Family Collection. See: Video Lot Description
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