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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4169

Estimate: 1 USD
Price realized: 12 000 USD
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Morgan Dollars
1897-O $1 MS64 PCGS. The 1897-O usually tops out at the AU58 level, becoming scarce in all Mint State grades. It is very scarce in near-Gem or Gem conditions, and rare any finer. This frosty example is richly toned at the margins and lightly toned at the centers, with intermixed shades of blue and gold surrounding pale-champagne fields and central motifs. A few scattered and incidental tiny marks determine the assigned grade.
Dave Bowers describes the typical 1897-O strike as "poor to below-average" with luster that is "dull and lifeless," but the present coin serves as a notable exception. Buoyant mint luster illuminates a sharp strike for this O-Mint issue, lacking full definition only above the ear and at the eagle's talons. With a mintage exceeding 4 million pieces, it is inaccurate to call the 1897-O a key date in the series, but when found in attractive, Choice Mint State grade or finer it is one of the great condition rarities. Housed in an old blue label holder with barcode on the back. Population: 41 in 64 (2 in 64+), 14 finer (3/17).
From The Siegel Collection.

HID02901242017
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