Paul Song
Director
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Lot 2065
1896-O $1 The true rarity of a Choice Brilliant Uncirculated 1896-O Morgan silver dollar has recently come to be widely recognized, as the prices realized at public auction have increased nearly five times that witnessed back in the early 1990s. Obviously, the present market craves absolute rarity, and the prices paid for such items continue to rise. This example exhibits bright silver frosted surfaces with an abundance of luster throughout. Minimal marks and scuffs are present on either side and the strike wanes slightly at the centers -- this is probably the grade-limiting factor.
Most all of the original mintage for the 1896-O dollar was released into circulation, since circulated examples are plentiful, and basal Mint State coins are readily available. Most dealers, with the exception of one or two, have never heard of a bag being available for sale. Even the one reliably reported contained MS60 to MS61 coins at best. At the Choice level, the 1896-O is rare: it is much more difficult to obtain than one would normally think. Worthy of a strong bid from the Morgan dollar enthusiast. (PCGS 7242)
Most all of the original mintage for the 1896-O dollar was released into circulation, since circulated examples are plentiful, and basal Mint State coins are readily available. Most dealers, with the exception of one or two, have never heard of a bag being available for sale. Even the one reliably reported contained MS60 to MS61 coins at best. At the Choice level, the 1896-O is rare: it is much more difficult to obtain than one would normally think. Worthy of a strong bid from the Morgan dollar enthusiast. (PCGS 7242)
23 September 2013, 10:00 PDT
Los AngelesUS$4,500 - US$5,500
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1896-O $1
The true rarity of a Choice Brilliant Uncirculated 1896-O Morgan silver dollar has recently come to be widely recognized, as the prices realized at public auction have increased nearly five times that witnessed back in the early 1990s. Obviously, the present market craves absolute rarity, and the prices paid for such items continue to rise. This example exhibits bright silver frosted surfaces with an abundance of luster throughout. Minimal marks and scuffs are present on either side and the strike wanes slightly at the centers -- this is probably the grade-limiting factor.
Most all of the original mintage for the 1896-O dollar was released into circulation, since circulated examples are plentiful, and basal Mint State coins are readily available. Most dealers, with the exception of one or two, have never heard of a bag being available for sale. Even the one reliably reported contained MS60 to MS61 coins at best. At the Choice level, the 1896-O is rare: it is much more difficult to obtain than one would normally think. Worthy of a strong bid from the Morgan dollar enthusiast. (PCGS 7242) Choice Uncirculated to Gem Uncirculated
Most all of the original mintage for the 1896-O dollar was released into circulation, since circulated examples are plentiful, and basal Mint State coins are readily available. Most dealers, with the exception of one or two, have never heard of a bag being available for sale. Even the one reliably reported contained MS60 to MS61 coins at best. At the Choice level, the 1896-O is rare: it is much more difficult to obtain than one would normally think. Worthy of a strong bid from the Morgan dollar enthusiast. (PCGS 7242) Choice Uncirculated to Gem Uncirculated