1895-O $1 MS63 PCGS....

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Select Mint State 1895-O Morgan Dollar

1895-O $1 MS63 PCGS. The 1895-O dollar boasts a small mintage of only 450,000 pieces, minuscule by Morgan dollar standards. Most of this mintage was stored in Treasury vaults and later melted, but perhaps 100,000 pieces were released into circulation. A large portion of these coins only circulated for a short time, as the issue is often seen in the XF-AU range. Quality control was definitely not Job One at the New Orleans Mint in 1895. To minimize breakage and maximize production the dies were deliberately spaced farther apart than normal. Weak strikes and unattractive surfaces were the inevitable results. A prime condition rarity, Mint State coins are seldom encountered.
In his Guide Book of Morgan Silver Dollars, Q. David Bowers writes regarding this issue:

"The 1895-O emerged as the single circulation-strike variety that is not known to have been a part of any Treasury releases via bags. ... I have heard suggestions that from several dozen to a couple hundred Mint State coins came out of the Treasury Building in the early 1950s, but how they would grade today is anybody's guess. Uncirculated coins of years ago are often classified as AU today. I have found no account or even a rumor of any being a part of the 1962 through 1964 Treasury release."

The present coin features a better than average strike for this issue, with just a bit of softness on Liberty's ear and the eagle's breast feathers. The surfaces display the usual satiny mint luster and both sides show even, light golden toning. There are no individually distracting marks on either side, suggestive of an even higher grade. Population: 19 in 63, 17 finer (6/09).
From The Carson Silver Collection.(Registry values: P9, N7079)

Coin Index Numbers: (NGC ID# 255Y, PCGS# 7236, GSID# 7620)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 450,000

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