1896-O $1 MS(PCGS#7242)

The Regency Auction 50

拍卖行

Legend Rare Coin Auctions

批号

192

等级

MS63+

价格

63,595

详细说明

The 1896-O Morgan dollar ranks among the major CONDITION RARITIES of the series. Despite a mintage of 4.9 million, these are scarce in any Mint State grade and VERY RARE in any grade higher than MS63. It is quite likely that the vast majority of the original mintage was stored in treasury vaults and were melted down in 1918, under the terms of the Pittman Act. This is an impressive CHOICE example with a thick frosty luster. The strike is quite bold for this date, with better than average definition on both sides. The surfaces are devoid of any distracting marks, and the eye appeal is bold. PCGS 330, NGC 150, CAC 21. There are 25 in MS63+. We believe that there is a lot of duplication in the Population data at this grade level, as PCGS Pop drops dramatically (that service has graded only 32 in MS64, one in MS65, two in MS66 finer). The last PCGS/CAC MS63+ sold over two years ago in our December 2019 Regency Auction at $8,813. The current Collectors Universe value is $9,000. Remember the value jumps to $35,000 in MS64 (and the last PCGS/CAC MS64 example brought $68,750 in the Sotheby's sale of the Stone Collection). This very impressive MS63+ deserves careful consideration from the advanced Morgan dollar collector. Good luck. Cert. Number 35820270 PCGS # 7242