1895-O $1 Morgan Silver Dollar PCGS AU55 (CAC)
Out of the original mintage of 450,000, many of which were melted down, only 8,559 have been graded by PCGS. When considering the above, however, the current offering is very attractive. Take a look at the photos. Yes, it has the typical flattening of the hair above the ear and on the eagle's breast found on New Orleans' silver dollars, but additional flattening is to be expected on an AU example. What is not to be expected of this year and mintmark is its overall attractiveness, including a sharp strike and pleasant light golden toning. Plus the CAC certification documents that this offering is of superior quality for its AU55 grade. A knowledgeable numismatist recognizes that this piece, with its rarity and positive attributes, would make a great addition to his or her collection.
1895-O $1 Morgan Silver Dollar PCGS AU55 (CAC)--$2,200.00
It is not often that an example of the 1895-O is offered in premium quality, as is this offering from AUCM. David Bowers tells us that the vast majority of this date are "shoddy...terrible- looking coins..." Ron Guth writes more diplomatically, "The 1895-O Silver Dollar is one of the most difficult to find in nice condition. The quantity of truly Mint State 1895-O Dollars is very low." Quite true, for in fact only 185 have been graded by PCGS from MS60 to MS67 (as of March 2021). Therefore, to find a truly attractive AU piece--such as the one offered here with a CAC sticker--is quite a rare occurrence and should not be ignored.
Bowers also tells us, "While most 1895-O dollars went into storage and were melted later, probably well over 100,000 were placed into circulation....I have found no account or even a rumor of any being part of the 1962-1964 Treasury release." Continuing, Bowers explains the reason for the poor workmanship: "During this period, the coiners at the New Orleans Mint had a job to do: to coin as many silver dollars as possible in the least amount of time. To say their workmanship was shoddy would be an understatement; from a numismatic viewpoint, it was terrible. Knowing that most of these silver dollars were not wanted in the channels of commerce and would simply go into bulk storage after they were minted, the workers had little incentive to create an attractive product."
|Year of Issue||1895|
|Denom Type||Morgan Dollar|
|Mint Location||New Orleans|
|Grade Add On||CAC|