Lot 1467
1896-O. PCGS graded MS-63. A beautiful, basically white frosty mint example with far fewer marks than usually associated with this numerical grade. Only a small mark is noted by the eagle's beak. Baking bright luster on satiny surfaces. A touch of weakness is seen at the hair above the ear, but here it is probably that the dies were spaced just far enough apart to prevent stronger metal flow in that area, noticeable on numerous O-mint issues in the Morgan series; the other obverse details, along with the reverse, are consistent with this choice grade. It seems very few Mint State 1896-O dollars were saved at the time of issue, either by individuals or by the government in its various Treasury and sub-treasuries as backing for the Silver Certificates. Most people East of the Rocky Mountains preferred paper money in lieu of the heavy silver coins. Westerners for the most part were "hard money" types well into the 20th century. Pop 264; 31 finer (PCGS # 7242) .
Estimated Value $4,200 - 4,400.
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| Realized $5,520 |
