Morgan Dollars
1879-O $1 MS66 PCGS. The New Orleans Mint was resurrected as a production facility in 1879, primarily to take on the work load of the Bland-Allison Act of 1878, which mandated the coinage of millions of new silver dollars. The Louisiana branch mint struck token quantities of eagles and double eagles in 1879, but the production focus during its first operating year since the Civil War was almost entirely on Morgan dollars.
The 1879-O Morgan comes from a mintage of nearly 2.9 million coins. Survivors in Mint State are available through MS65, but the population declines significantly just one point finer. PCGS and NGC combined report only 34 Premium Gems and none finer (6/17). This piece is untoned and frosty with subtle reflectivity in the fields. There are no distracting abrasions, and the strike impressively sharp for the issue. Population: 25 in 66 (2 in 66+), 0 finer (6/17).
HID02901242017