Proof 1902 silver dollars, as with all proof coins struck in that year, were produced with a no-contrast finish, as the Mint altered its die-making process for proof issues. As a result, proof 1902 dollars are extremely rare with any degree of cameo contrast. Collectors instead usually strive to acquire the finest possible non-Cameo for their collections. This particular example exhibits lovely original toning and a stunning overall appearance.
The first Morgan dollars had an eagle with eight tailfeathers. Mint officials soon received feedback from ornithophiles that an even number of tailfeathers was an impossibility and a decision was soon made to change the design to seven feathers. Existing dies were reworked, creating the 7/8 Tailfeather varieties, although the number of original feather tips varies on different dies, creating the varieties known as Strong or Weak. If four or more of the feather tips are visible, the variety is designated as strong. If fewer than four feather tips are present, the variety is described as weak. This one is clearly an example of the former. The PCGS population is just 6 with none graded higher.
Listed at $16,800 in the CDN CPG and $18,000 in the PCGS price guide.
Offered at $15,150
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The Carson City Mint was used as an assay and storage facility during the 1886-1888 time period. The Mint was scheduled to resume coinage operations in 1889, but extensive repairs were needed and key personnel had to be hired before the re-opening could be accomplished. As a result, no coins were struck until October, and only 350,000 Morgan dollars were produced before year’s end. In addition to the low mintage, many examples of the 1889-CC that were held in government storage were later melted, further reducing the supply of collectible specimens.
Listed at $20,400 in the CDN CPG and $18,250 in the NGC price guide.
Offered at $20,400
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There are a great number of 1895-O dollars available in the range of Very Fine to low AU, but in Mint State the population thins out by an order of magnitude, with most of those coins in the lower Mint State grades of MS60 to MS62. In MS63 the 1895-O is rarity of great achievement to acquire. In his Guide Book of Morgan Silver Dollars, Q. David Bowers writes: “The 1895-O emerged as the single circulation-strike variety that is not known to have been a part of any Treasury releases via bags. … I have heard suggestions that from several dozen to a couple hundred Mint State coins came out of the Treasury Building in the early 1950s, but how they would grade today is anybody’s guess. Uncirculated coins of years ago are often classified as AU today. I have found no account or even a rumor of any being a part of the 1962 through 1964 Treasury release.” The one offered here is considerably more lustrous than seen in our images.
Offered at $28,125 delivered
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The 1892-O Morgan was not well-produced and most examples seen are softly struck, with subdued mint luster. Some were released into circulation near the time of issue, making it readily available in circulated grades. However, most of the mintage was held in government storage and a large portion of the production escaped melting under the provisions of the Pittman Act. Still, at the Gem level, the issue becomes elusive, due mostly to its poor production, and finer examples are decidedly rare. Here for the taking is a pleasing, satiny, color-free representative. The NGC population is just 6 (including 1 star-designated example) with none higher.
Offered at $21,950 delivered
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