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Lot
5674

1894-O $1 MS65 PCGS....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 7 Internet/mail/phone bidders
1,205 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Gem 1894-O Morgan Dollar
Famous Condition Rarity
1894-O $1 MS65 PCGS. "Defeatist" is rarely a word applied to coin collectors. Yet that is precisely the attitude on display when Q. David Bowers tackles the 1894-O Morgan dollar. He states right off the bat, "Mint State examples of the 1894-O dollar are often wretched in appearance." He then asks, "Is there hope?" The question, at least as he asks it, turns out to be largely rhetorical:

"Yes, there is, but a great deal of searching will be needed to find an example that is decent or above average (but not sharp) in striking details and with attractive luster--a cherrypicker's challenge and delight. Probably the best way is to view coins certified as MS-63 and MS-64, with patience, and see what happens. The luster is often nice on higher-graded pieces, if that's a help. Or, you can give up and buy a worn specimen, saving both time and money."


There is, of course, another option: pursuing one of the conditionally rare MS65 pieces, as embodied in this attractive Gem. It is one of just nine MS65 examples certified by PCGS with none finer (11/10). While the strike on the central obverse shows characteristic softness at the hair over Liberty's ear, the piece offers both gorgeous luster and uncommonly impressive surface quality. Green-gold toning of varying intensity appears at the borders, including a partial fingerprint to the left of the date, while the centers remain virtually brilliant. A more than uncommon opportunity for the dedicated Morgan dollar collector.
From The Shrike Set - The Karschner Collection of Morgan Dollars.(Registry values: P7, N7079) (NGC ID# 255W, PCGS# 7230)

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