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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2019年11月巴尔地摩#4-白金之夜

Lot:3118 1898-O Morgan Silver Dollar. MS-67+ (PCGS). CAC.

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世界钱币

USD 8250

SBP2019年11月巴尔地摩#4-白金之夜

2019-11-15 06:00:00

2019-11-15 09:00:00

USD 6600

SBP

成交

1898-O Morgan Silver Dollar. MS-67+ (PCGS). CAC.This sharply struck, frosty white beauty is exceptionally smooth and well preserved for an example of this otherwise readily obtainable Morgan dollar issue. The numismatic history of this issue is similar to that of the more widely promoted 1903-O silver dollar. Both have nearly identical mintages (4,440,000 coins for the 1898-O, 4,450,000 coins for the 1903-O), and both once numbered among the rarest New Orleans Mint Morgan dollar issues in Mint State. From the year of striking nearly into the middle of the 20th century the 1898-O was a phantom among silver dollars, especially in Mint State. Very few examples saw early release from government holding, and it is likely that much of the mintage was included among the 270,232,722 silver dollars destroyed in 1918 under provisions of the Pittman Act. Q. David Bowers (1993) reports that, while a few 1,000-coin bags were paid out from the Treasury Department Building in Washington, D.C. in the 1940s and early 1950s, only a few hundred coins were acquired by contemporary dealers, the rest entering circulation.<p>As with the 1903-O, the availability of the 1898-O in Mint State did not change until the silver dollar releases of the early 1960s. And change it did, in dramatic fashion. Among the millions of New Orleans Mint silver dollars that had been shipped to the Philadelphia Mint from the Louisiana facility in 1929 were thousands of "bright, sparkling 1898-O dollars, along with 1903-O, 1904-O, and other dates," in Bowers words. The first examples of the 1898-O were released in Michigan through the Federal Reserve System, the eventual number of 1,000-coin bags involved unknown but obviously substantial given the fact that the once rare 1898-O now numbers among the most plentiful Morgan dollars in Mint State.<p>Today the 1898-O is one of the more popular issues in its series for Mint State type purposes, for an attractive Gem in MS-65 and MS-66 is easily obtained and quite affordable. As with so many classic U.S. Mint coins, however, the 1898-O dollar remains scarce to rare in the finest Mint State grades, which for this issue means MS-67 and finer. Numbering among the finest known to PCGS, this MS-67+ is decidedly in the rare category. A gorgeous coin equally well suited for inclusion in a high grade type set or an advanced Morgan dollar set.

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