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

1427

1895-O $1 MS63 PCGS

Currency:USD Category:Coins & Paper Money Start Price:50,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1895-O $1 MS63 PCGS
<B>1895-O $1 MS63 PCGS.</B></I> 1895 is perhaps the most legendary year in the entire Morgan dollar series. Of course, much of this publicity is due to the mystery that surrounds silver dollar production at the Philadelphia Mint this year. However, students of this series also recognize that the low mintage 1895-O and 1895-S are key issues that raise eyebrows in all Mint State grades. The New Orleans Mint production was limited to only 450,000 pieces, a low mintage by the standards of any late 19th and 20th century silver series. The distribution of this issue is not unlike that of other O-mint issues from this era. A small number of coins, probably on the order of 100,000 pieces, were released into circulation in the South. The remainder of this mintage went into storage. The Pittman Act of 1918 must have taken an unusually high toll on this issue, as few Mint State examples emerged from Treasury holdings later in the century. Due to the limited original mintage, it is likely that most of the 1895-O dollars went to the melting pot under the terms of this act. Circulated examples are scarce on today's market, and Mint State representatives are deservedly rare.<BR> The few Mint State survivors of this issue include a large percentage of poorly struck, lackluster, and/or heavily abraded coins. Quite well defined over the highpoints with appreciable satiny luster, this Select specimen is attractive in all regards. Delicate golden-rose and dove-gray iridescence lightly blankets both sides. There are a few wispy abrasions on the obverse, none of which are inconsistent with the MS63 grade. An important, high quality example of an issue that is difficult to find nicer. Population: 19 in 63, 17 finer (12/07).<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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