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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5768

Starting price: 1 USD
Price realized: 38 000 USD
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Morgan Dollars
1895-O $1 MS63 PCGS. The 1895-O dollar boasts a small mintage of only 450,000 pieces, minuscule by Morgan dollar standards. Most coins were stored in Treasury vaults and later melted, but perhaps 100,000 pieces were released into circulation. A large portion circulated for a short time, as the issue is often seen in the XF-AU range. Quality control was definitely not a major consideration 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.
This Select offering 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 despite being largely brilliant. There are no individually distracting marks on either side, suggestive of an even higher grade. Population: 20 in 63 (1 in 63+), 21 finer (11/16).
Ex: Carson Silver Collection / Los Angeles Signature (Heritage, 8/2009), lot 1177.
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