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***Auction Highlight*** 1887/6-o Rainbow Toned Top 100 Vam 3 I5 R4 Morgan Dollar $1 Graded Select Un

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:1,000.00 - 4,000.00 USD
***Auction Highlight*** 1887/6-o Rainbow Toned Top 100 Vam 3 I5 R4 Morgan Dollar $1 Graded Select Un
***Auction Highlight*** 1887/6-o Rainbow Toned Top 100 Vam 3 I5 R4 Morgan Dollar $1 Graded Select Unc By USCG. VAM-3. A Top 100 Variety. In 1887, the Philadelphia Mint produced multiple overdate dies for Morgan dollars, and while one pair stayed in Philadelphia, the other was shipped to New Orleans, resulting in two overdate varieties for different issues in the same year. The event, though unusual, was not without precedent, since the Morgan dollars of 1880 include overdate variants for all four Mints that struck the denomination; nor were the 1887 and 1887-O pieces the last of their kind, since the 20th century brought the twin 1942 Mercury dime overdates from Philadelphia and Denver, and speculation swirls around possible 1914-dated branch mint Buffalo nickels showing the crossbar of a 3.
As with the dime overdates of 1942, the Philadelphia 1887 Morgan dollar overdate was discovered first, though little time passed between the November 1971 discovery of the 1887/6 by Ted F. Clark and the Bob Riethe identification of the 1887/6-O variant in 1972, per Q. David Bowers in his Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia, Volume Two. Bowers further notes that while the variety was little appreciated in the years immediately following its discovery (for example, Wayne Miller's The Morgan and Peace Dollar Textbook makes no mention of either 1887 overdate), the Van Allen - Mallis reference made the study of Morgan dollar die varieties popular, and the Fivaz - Stanton Cherry pickers' Guide further fueled collector interest. The 1887/6-O has received an entry in the Guide Book, which reflects widespread numismatic recognition of the variety and gives it the highest degree of collectability.
In most grades, the 1887/6-O is available for a price; the majority of survivors are significantly circulated, and among Mint State representatives, grades below Select are the norm. The finest is a single ms65 example that sold for $37,375. The coin at hand is a lustrous ms63 example with nice golden rim toning. Trends are ms62 $3300 ms63 $4,350 A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation