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Lot
3888

1896-O $1 MS63 PCGS....

2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach #1182

 
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Auction Ended On: Feb 7, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1896-O Morgan Dollar, MS63
Seldom Hoarded
1896-O $1 MS63 PCGS. There are many low-mintage dates that are plentiful in high grades due to long term storage in the U.S. Treasury. There are also a few high-mintage issues that are rare in high grades for exactly the opposite reason. Nearly 5 million 1896-O Morgan dollars were minted, but most of those coins entered circulation. Today, the average certified grade is less than 55, and any Mint State piece that is finer than the present specimen is a major rarity, as PCGS has only certified 29 pieces in MS64 or finer grades. This example is fully brilliant with typical design weakness, but with exceptional surfaces and luster.(Registry values: P9, N2998) (NGC ID# 2563, PCGS# 7242)

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