1901 $1 MS64 PCGS....

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Important MS64 1901 Morgan Dollar

1901 $1 MS64 PCGS. The standard narrative for the 1901 dollar is that it is common when clearly circulated and elusive in Mint State. What is less often explored is how the different levels of Mint State vary in rarity, and a look at the PCGS Population Report is most illustrative. Among Mint State grades, the most commonly certified state is MS62; while it might be speculated that many of those coins are resubmissions made in the hope of receiving an MS63 grade, it is worth noting that the MS62 and MS63 populations are quite comparable, at 231 and 168 certification events, respectively.
Prices rise rapidly within the Mint State categories, with a steep rise from MS62 to MS63 and even steeper beyond that. There are just 24 coins certified by PCGS in grades above MS63; of those, 21 are in MS64 and just three in MS65, with none finer (4/10). Heritage's own auction experience reveals how tightly held high-end PCGS examples of the date are; the firm has auctioned just one of the three MS65 coins, albeit on two different occasions, and there are only a handful of MS64 PCGS coins that dot the Permanent Auction Archives.
This near-Gem makes a worthy addition to the list. Lustrous surfaces are generally light silver-gray, with occasional gold and peach accents visible on the reverse. Slight striking softness is noted at the obverse center, but the overall detail is pleasing for the issue. While a number of small ticks are visible on Liberty's lower face and neck, the coin's immediate eye appeal suggests something more than an MS64. The serious Morgan dollar collector should give this coin equally serious consideration.(Registry values: P9, N7079)

Coin Index Numbers: (NGC ID# 256J, PCGS# 7272, GSID# 7590)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Melt Value: $13.15
Silver Spot: $17/oz (06-04-2010)
Mintage: 6,962,813

View Certification Details from PCGS