784

1893-O Morgan Dollar PCGS MS64

Currency:USD Category:Coins & Paper Money Start Price:5,000.00 USD Estimated At:10,000.00 - 16,000.00 USD
1893-O Morgan Dollar PCGS MS64
Well detailed with sufficient mint sparkle for an 1893-O to earn the prized MS64 grade from this grading outfit. Frosty whiteness is topped off by a near absence of any but the most inconsequential abrasions. Struck with normal detail throughout most areas, the centers are typical with softness at Liberty's ear and on the eagle's breast.

The 1893-O dollar has the lowest mintage figure of any New Orleans Mint silver dollar of the Morgan design, 300,000 pieces. A few bags of 1893-O dollars were paid out at face value from the Cash Room of the Treasury Building from about 1948 to 1955, according to Bowers in his encyclopedia of silver dollars. Suggestion has it these may have been released a few coins at a time, rather than in intact 1,000-coin bags. This furnished the source for dealer stocks. There is no record of bags of 1893-O in the 1962-64 Treasury releases.

The 1893-O dollar is, of course, scarce in all Mint State grades and is rare at higher levels, with possibly only two or three in MS66 if that many. Most 1893-O dollars are lightly struck and have fair to middling luster, hence the reduced grade levels seen in the floating supply. Sharply struck coins like this choice MS64 are among the best preserved of all Morgan dollars of the year. (#7224)<p><i>DCT Collection</i>