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SERIES: Morgan Dollars 1878-1921
LEVEL: Minor Variety or Die Variety

1880-O $1 VAM 48 Hangnail (Regular Strike)

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PCGS MS65

VAM 48 DETAIL

PCGS MS64
PCGS #:
133879
Diameter:
38.10 millimeters
Designer:
George T. Morgan
Weight:
26.73 grams
Edge:
Reeded
Mintage:
5,305,000
Metal Content:
90% Silver, 10% Copper
Auction Record:
$19,975 • PCGS MS65 • 9-4-2014 • Heritage Auctions
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Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  
1 MS64 PCGS grade  

Ron Guth: 1880 VAM 48 is one of the Top 100 VAM varieties.  The reverse is known as the "Hangnail Reverse" because of a thick, raised line that extends through the tail feathers just below the fletches of the arrows, presumably simulating a really, really long "nail" from the eagle's talon.  VAM 48 was previously known as VAM 1A.  VAM 48 shares a reverse with VAM 49 (also a Top 100 VAM), but the obverses are different in that the VAM 49 has a small spike on the top left of the 8 (the remnant of an underlyinh 7); the VAM 48 does not have the "spike." 

VAM 48 is a relatively scarce variety, but can be found in grades up to MS-64.  As of April 2011, PCGS has certified VAM 48's, including 23 in MS-63 and 12 in MS-64.  PCGS has not yet certified any PL or DMPL examples.