1891-O $1 MS65 Deep Mirror Prooflike PCGS. CAC....

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Sold on Jun 4, 2010 for:

$57,500.00 Bid Source: HA.com/Live bidder

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Astounding 1891-O Morgan Dollar
MS65 Deep Mirror Prooflike
From the PCGS Tour

1891-O $1 MS65 Deep Mirror Prooflike PCGS. CAC. Ex: PCGS Tour. One of the jaw-droppers of the touring set, this 1891-O Morgan dollar remains one of only two MS65 Deep Mirror Prooflike examples known to PCGS, with none finer (4/10). Q. David Bowers offers several interesting comments about the 1891-O issue, including this take on prooflike pieces: "Quite a few prooflike and partially prooflike coins exist, many of which are well struck (an exception to the general rule for 1891-O). DMPL coins exist, some well struck, others not."
The Bowers quote highlights two key aspects of the challenge posed by 1891-O Morgan dollars: strikes are often poor, and while Bowers is correct that Deep Mirror Prooflike examples "exist," they are far from numerous, with only a few dozen such pieces certified--certainly not enough to meet demand. Add in the complication of condition rarity, and it is little wonder that Gem examples with Deep Mirror Prooflike surfaces should be so elusive.
This piece has light layers of gold-gray toning over the potent mirrors. Mild frost graces devices that are well but not fully struck; heavy frost is not the norm for this New Orleans issue, regardless of the condition of the dies. A few small marks visit the obverse, and the only abrasion warranting individual mention is on the reverse, where it seems to form an underline to the E in STATES.
A further Bowers observation regarding this issue, clearly expressing his disapproval after giving collecting advice: "In any event, just buy one--don't even think of buying a duplicate!" The winning bidder of this stunning coin will never want to entertain the thought.(Registry values: P7, N7079)

Coin Index Numbers: (NGC ID# 255J, PCGS# 97209, Greysheet# 7758)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS