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1901 $1 MS64 PCGS. The 1901-P is one of the five key ...

2004 March Portland, OR Signature Sale #344

 
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Auction Ended On: Mar 27, 2004
Item Activity: 8 Internet/mail/phone bidders
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Location: Portland, OR
Description:
Extremely Scarce Near-Gem 1901 Morgan Dollar
1901 $1 MS64 PCGS. The 1901-P is one of the five key Morgan Dollar issues in better Mint State grades and is also one of the most enigmatic dates in the entire series. A sizeable total of 6.9 million pieces were produced, and, not surprisingly, circulated survivors are plentiful in grades up to and including the near-Mint level of preservation. Above the Mint State threshold, however, the certified population figures change dramatically. A casual glance at the reports published by NGC and PCGS shows that the majority of Uncirculated 1901 Dollars grade no finer than MS62. Most of these coins are trapped at the average Uncirculated level by excessive bagmarks, and their eye appeal is further diminished by the flat striking detail and lackluster finish that characterizes most survivors of the issue. Choice and better examples are of the utmost importance to the serious Morgan Dollar collector.
The uncommonly nice '01-P offered here is notable for its originality, with both sides being covered in a thin veil of silver-gray patina and highlighted in coppery-orange shades. One glance at the obverse of the coin and one would almost swear that it is an '01-O, as its striking and luster characteristics are quite similar. Most of the hair strands over Liberty's ear are present and the eagle's breast feathers are well struck within the confines of the C4 reverse die. A few shallow facial marks require magnification to be seen under the layer of toning. A solid candidate for a high grade set of Morgan Dollars. Population: 17 in 64, 3 finer (10/03).(#7272) (Registry values: P9, N7079) (NGC ID# 256J, PCGS# 7272)

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