1897-O $1 MS64 PCGS....

Click the image to load the highest resolution version.

Sold on Jul 31, 2008 for:

$13,225.00 Bid Source: Internet bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Conditional Rarity 1897-O Morgan, MS64

1897-O $1 MS64 PCGS. With a mintage of 4 million coins, one would assume that the 1897-O dollar is readily available in Mint State condition. Not so. It is believed that more than 1 million pieces were melted under the 1918 Pittman Act, with the balance of the dollars being released into circulation. And although a small number of bags were released by the Treasury in the mid-1900s, those coins were of poor quality to begin with. 1897-O dollars typically display poor luster and insufficient strikes. As a result, near-Gem or better examples are scarce or, more accurately stated, rare. The PCGS Population Report and the NGC Census Report both indicate that this issue is available in MS63 or lower condition, but the number of certified examples above that level drops precipitously. Including two Deep Mirror Prooflike Pieces, PCGS has certified only 40 coins as MS64 with a mere 13 grading finer (6/08).
The satiny mint luster shows a slight, almost imperceptible accent of reddish-golden color on each side. The devices are sharply defined throughout, and there are minimal abrasions and luster grazes for the grade.(Registry values: P7, N4719)

Coin Index Numbers: (NGC ID# 2566, PCGS# 7248, GSID# 7629)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 4,004,000

View Certification Details from PCGS