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Description

1880-O Morgan Dollar, MS65
Sole Finest Deep Mirror Prooflike Coin
Stunning Cameo Contrast

1880-O $1 MS65 Deep Mirror Prooflike PCGS. The 1880-O Morgan dollar comes from a mintage of more than 5.3 million coins, although a significant number of these pieces were placed into circulation at the time of issue. Additionally, many of the coins from vault storage that were released in later years were coins that had migrated back to the mint after a brief time in circulation. This was the origin of the so-called "mixed bags" released in the middle 20th century, which contained coins of multiple dates. Michael Standish discusses this in regards to the 1880-O in Morgan Dollar - America's Love Affair With a Legendary Coin:

"Another thing to keep in mind is that the 1880-O is an issue with a lot of About Uncirculated sliders. The New Orleans Mint did a great job distributing their coins, but the unwieldy silver dollars found their way back to the Treasury with minimal use. Numerous mint-sewn bags filled with AU coins have turned up over the years, which make Uncirculated coins premium in the MS-62 through MS-64 range."



In A Guide Book of Morgan Silver Dollars, fifth edition, Q. David Bowers discusses the releases of 1880-O dollar bags in the 20th century:

"About 1946 some Uncirculated bags were released, making the issue plentiful, although before the 1880-O was not considered to be a rare date. Other bags emerged from hiding circa 1956 or 1957, and in the Treasury release in 1962 the issue was well represented. However, it was never plentiful in bag quantities on the numismatic market."



These factors cumulatively contributed to the grade disbursement of Mint State coins known today. The issue is usually available in the MS61 to MS64 non-Prooflike grades, although it is much scarcer in these grades than other more common issues. Any Gem example is borderline rare. The difficulty of acquiring a high-end coin then magnifies significantly in the Prooflike and Deep Mirror Prooflike categories, where the 1880-O dollar is universally scarce. The finest Deep Mirror Prooflike coins typically available are graded MS64, with only a single Gem DMPL coin known -- that finest-known piece is the coin offered here (7/23).

For Registry collectors, this remarkable cameo coin is the epitome of perfection. The level of field-device contrast borders on proof quality, and the sharp strike only adds to the appeal generated by the magnificent frost on the devices. A few trivial marks are virtually forgotten by the sheer amount of eye appeal that just drips off this coin as it is rotated in-hand. Population: 1 in 65 Deep Mirror Prooflike, 0 finer (7/23).(Registry values: P6, N4719)

Coin Index Numbers: (NGC ID# 2543, PCGS# 97115, Greysheet# 7719)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper


View Certification Details from PCGS

Auction Info

Auction Dates
August, 2023
15th-20th Tuesday-Sunday
Bids + Registered Phone Bidders: 23
Lot Tracking Activity: N/A
Page Views: 719

Buyer's Premium per Lot:
20% of the successful bid per lot.

Sold on Aug 15, 2023 for: $66,000.00
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