LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

1259

1886-O $1 MS64 PCGS

Currency:USD Category:Coins & Paper Money Start Price:6,100.00 USD Estimated At:1.00 - 1,000,000.00 USD
1886-O $1 MS64 PCGS
<B>1886-O $1 MS64 PCGS.</B></I> One of the true conditional rarities in the Morgan dollar series, the 1886-O is frequently seen in circulated grades but is highly elusive in Choice to Gem condition. Most examples were apparently paid out at the time of issue, or else melted under the Pittman Act of 1918. Although NGC and PCGS combined have certified nearly 300 pieces in MS64, the Gem population falls off the cliff--a scant four coins, making the MS64s about as nice as can be easily obtained. <BR> This frosty example is simply a tremendous coin, offering silver centers that complement a ring of gold at the margins on each side, with a passable strike for the issue. A couple of marks on the reverse of the plastic slab should not be confused for an impairment on the coin. Bowers' Morgan dollar <I>Guide Book </B></I>rates the Optimal Collecting Grade for this issue as MS63. In MS64, this piece represents tremendous numismatic value as well as aesthetic quality--and an MS65 piece, if one could be found, would cost well into the six-figure range.<BR><I>From The Jimmy G. PCGS Registry Collection of Morgan Dollars with Varieties.</B></I><BR><BR><B>Coin Engraver:</B> George T. Morgan<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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