LOT Old Heritage Auctions  /  2007 Summer F.U.N. Sig. Coin Auction #442  / 

1355

1882-O/S $1 MS65 PCGS.

Currency:USD Category:Coins & Paper Money Start Price:46,250.00 USD Estimated At:1.00 - 1,000,000.00 USD
1882-O/S $1 MS65 PCGS.
<B>1882-O/S $1 MS65 PCGS.</B></I> VAM-4. A Top 100 Variety. Designated "Strong" by PCGS, referring to the sharpness of the overmintmark feature. Several O/S varieties are known, and Breen commented: "Those with less of the S visible at O command smaller premiums or will price as preceding," referring to the normal 1882-O variety. In 2005, Dave Bowers wrote: Be sure to buy one with the overmintmark distinct under a good 4x glass." <BR> Bowers (1993) speculates that hundreds of thousands of the 6 million Silver Dollars produced at the New Orleans Mint in 1882 are of the O/S variety. Since this variety is plentiful in circulated grades, this estimate seems reasonable. Uncirculated examples are another matter entirely, and Bowers states: "The 1882-O/S is very scarce in lower Mint State grades, scarcest in MS64, and very rare in MS65." In 2005, he estimated a field population of 4,300 to 7,500 Mint State examples still exist today, commenting that the original mintage and distribution of this issue are not known.<BR> PCGS has only seen this single example above MS64, and NGC reports just 11 (resubmissions?) coins in MS65 and none finer (6/07). This is a lovely, satin textured Gem with no toning and few abrasions. The strike is a trifle soft on the hair over Liberty's ear, but the overall definition is well above average by the standards of the New Orleans Mint. An important bidding opportunity for the Morgan Dollar specialist.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot