1882-O $1 MS68 PCGS....

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Conditionally Rare 1882-O Morgan, MS68
The Finest Certified 1882-O Dollar

1882-O $1 MS68 PCGS. Ex: Jack Lee 1/Jack Lee 2. Like many of the New Orleans issues, the 1882-O was considered a scarce date half a century ago. That is because a substantial portion of the original 6 million coin mintage remained hidden in Treasury vaults. Many millions of silver dollars were stored in the Treasury as security for silver certificates that were printed in massive quantities. For each dollar in silver certificates, the government was required to store a dollar in silver coins. Silver dollars were obviously the most convenient way to meet the requirement. The Treasury released many of those silver dollars during the period from 1962 to 1963. In his Silver Dollar Encyclopedia, Dave Bowers wrote of the Treasury release: "the 1882-O was solidly entrenched as one of the most common issues in the series.
Although they were stored in bags, seemingly untouched, a physical inventory was taken on a periodic basis, requiring all of the bags to be unstacked, counted, and restacked. As a result, nearly every silver dollar in storage was heavily bagmarked. A coin of the quality offered here remains one of the major condition rarities in the Morgan dollar series.
This is the finest certified 1882-O Morgan dollar; the only example to receive the MS68 grade from PCGS or NGC. It is an exquisite piece with highly lustrous and frosty silver surfaces. The strike is full for all practical purposes, including strong delineation of the hair strands over Liberty's ear. The surfaces are nearly perfect, with the number of marks on each side almost literally counted on the fingers of one hand. Close examination reveals subtle champagne accents on the brilliant white surfaces, with a tiny iridescent toning splash over the U of UNITED and another at I of the same word.
From The Sanderson Family Collection.(Registry values: P3, N7079)

Coin Index Numbers: (NGC ID# 254C, PCGS# 7136, Greysheet# 7510)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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