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Lot: 2925
Auction: 1116
1895-O $1 MS63 ANACS....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 18, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 3 Internet/mail bidders, 452 page views

Description
1895-O $1 MS63 ANACS. While the 1893-S issue is arguably the most important and widely recognized of all business strike Morgan silver dollars, the 1895-O follows closely behind. Similarly rare dates include 1884-S, 1892-S, and 1901. All of these dates have a similar theme, that of relative availability in circulated grades, but not in Mint State. These dates had varying mintages from 100,000 coins for the 1893-S to nearly 7 million examples of the 1901 dollar. The 1895-O Morgan dollar had a mintage of 450,000 coins, and it seems that most of those pieces entered circulation. There were no hoards of any substance, and none were found in the Treasury vaults when Morgan dollars were released some 40 years ago (David Bowers, Silver Dollars and Trade dollars of the United States, 2006, p. 241).
This particular example has generally sharp design elements with slight weakness over Liberty's ear and on the eagle's breast. Both sides are fully lustrous with frosty silver surfaces. There is no evidence of toning on the brilliant white obverse and reverse. A few minor field marks are visible on each side, as well as a few other tiny blemishes on the devices. It is important to realize that this is at once an important date and also a rarity in all Mint State grades. Since the beginning of our auction record keeping in 1993, we have only handled 12 examples at this grade level and 15 finer coins. Given the extraordinary population of Morgan dollars in all grades as a type, these population figures for the 1895-O are exceptionally important.(Registry values: P9, N7079) (#7236)



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1117, Lot 1443 Saturday, October 25, 2008 63 PCGS $57,500.00
Auction 460, Lot 1427 Saturday, February 16, 2008 63 PCGS $57,500.00
Auction 372, Lot 9313 Saturday, May 7, 2005 63 PCGS $51,750.00
Auction 366, Lot 10474 Saturday, February 26, 2005 63 PCGS $35,650.00
Auction 355, Lot 8797 Saturday, September 11, 2004 63 PCGS $39,100.00
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