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Lot
8040

1883-O S$1

1996 ANA Signature Sale #163

 
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Auction Ended On: Aug 16, 1996
Item Activity: 0 Internet/mail/phone bidders
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Location: Denver, CO
Description:
Branch Mint Proof 1883-O Dollar, Ex: Herb Bergen, Anita Maxwell
1883-O PR 64 NGC. Sold in last year's ANA, we are pleased to offer this important branch mint proof again in this year's sale. We reproduce the description written last year to aid those who may not have that catalog conveniently nearby:
"The 1883-O is one of only four issues in the Morgan dollar series that can be considered a Class I branch mint proof--an issue that was authorized and subsequently struck in proof format. Little is known about the origins of the twelve proofs struck of this issue. Wayne Miller speculates that the coins may have been struck for presentation to officials in New Orleans, 'probably relating to some event in the cotton industry or with the establishment of Tulane University as the State University of Louisiana.' He goes on to state that these special strikings have been known since first mentioned in the American Journal of Numismatics in 1884 by the New Orleans mint superintendent.
"This coin is pictured in color on page 222 of Wayne Miller's definitive The Morgan and Peace Dollar Textbook. On page 223 he makes a detailed analysis of the coin, which we reproduce here in part. 'Light brown toning around the periphery. Fields are deeply mirrored but gray brilliant. There are a very few light hairline cuts on Liberty's chin and cheek, and a deeper cut above the eagle's head, which may be a rim nick. Otherwise there are no discernible bagmarks. The strike is very bold, with partial square rims on the reverse. The coin presents an overall proof appearance.' "
This piece was formerly sold as part of the Herbert Bergen Collection (Coin Galleries, 1979). In that sale it was described as a gem prooflike rather than a gem proof. However, this had no effect on the price realized in that sale, as Julian Leidman bought the coin for $6,500 with Jim Halperin as the underbidder.
Ex: Herbert Bergen Collection (Coin Galleries, '79); Julian Leidman; Anita Maxwell Trust of Silver Dollars (HNAI, 8/95), lot 7504. (NGC ID# 27Z9, PCGS# 7346)

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