1886 $1 Morgan Silver Dollar BETTER DATE, well Struck gold toning
US $55.00
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Condition:
“Uncirculated”
- Buy It Now1886 $1 Morgan Silver Dollar BETTER DATE, well Struck gold toning
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Located in: Baraboo, Wisconsin, United States
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Estimated between Thu, Jun 12 and Fri, Jun 20 to 94104
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eBay item number:286256904348
Item specifics
- Seller Notes
- “Uncirculated”
- Denomination
- $1
- Circulated/Uncirculated
- Circulated
- Coin
- Morgan
- Fineness
- 0.9
- Grade
- Ungraded
- Country/Region of Manufacture
- United States
- Certification
- Uncertified
- Composition
- 90% Silver, 10% Copper
- Year
- 1886
- Strike Type
- Business
- Mint Location
- New Orleans, New Orleans, Louisiana
About this product
Product Information
<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)<br/><br/>Coinage Context<br/><br/>Exclusivity: In 1886 the New Orleans Mint struck silver dollars exclusively. Even though the coiners had single-mindedness of purpose, they did a sloppy job, spaced the dies too far apart, and turned out millions of poorly struck coins. Of course, they did not have much pride in what they did, for the New Orleans Mint was unloved by the Mint bureau head-quarters folks in Washington, and, in any event, most recent production efforts involving silver dollars at New Orleans saw coins going from press to bag to storage; there was not much satisfaction in that seemingly unappreciated, futile effort.<br/><br/>Numismatic Information<br/><br/>An anomaly: Among Morgan dollars, the 1886-O is somewhat of an anomaly. The mintage figure of 10,710,000 circulation strikes is overwhelming and even puts in the shade such common coins as the 1883-O, 1884-O, and 1885-O. By all rights, like these other coins, a million or more 1886-O dollars should have come to light in the great Treasury release of 1962-1964, and today a beautiful MS-65 1886-O should be in every collection.<br/><br/>Not so. It didn't happen. What did happen isn't known, at least not with certainty. At or near the time of striking in the nineteenth century, probably a few million coins, say two to four million, were placed into circulation and saw commercial use. Probably, millions of other coins, perhaps as many as six to eight million pieces, went to the melting pot under the terms of the 1918 Pittman Act. Whatever happened, apparently no more than a few bags dribbled onto the market in the 1940s and 1950s-enough to keep the issue in the $6 to $10 range for most of the period 1945-1960. I recall that few dealers wanted to stock 1886-O dollars, for Uncirculated pieces were usually ugly and, technically, were probably on the order of what would be called MS-60 or MS-61 today. In the Treasury release of 1962-1964 probably a few bags came out, but I have obtained no specific record of them. The issue was regarded as slightly on the scarce side in the 1960s, and Harry J. Forman's price of $375 per roll ($18.75 per coin) in May 1965 was an offer that few others could match, for few had quantities to offer. Harry recalled that he never had an intact bag of 1886-O dollars, but he did find several hundred "minimum Uncirculated" coins in a bag containing various dates.<br/><br/>Despite its prodigious mintage, the 1886-O is a rarity today in the 1990s, in MS-65 grade, while its contemporaries, the 1883-O, 1884-O, and 1885-O, are very common.<br/><br/>Circulated grades: In worn grades the 1886-O is not hard to find, although it is not among the commonest issues. I estimate that 175,000 to 350,000 remain.<br/><br/>Mint State grades: Mint State coins are scarce. Most seen are in lower levels such as MS-60 and MS- 61, or MS-62. In these ranges perhaps 5,000 to 10,000 exist. Correctly graded MS-63 coins are scarce on the current market. I say current market, for as noted, years ago the 1886-O was not recognized as being hard to find. In MS-64 grade it is extremely difficult to locate; probably somewhere between 125 and 250 remain. In MS-65 preservation the 1886-O is the rarest New Orleans Mint Morgan dollar; at least one exists, but possibly no more than three. Most 1886-O dollars in various degrees of Mint State are weakly struck.<br/><br/>Apparently, high-grade Mint State coins were not always considered to be rare, and in 1982 Wayne Miller, who had recently purchased 80 fully-struck Uncirculated coins, called the issue "the most over-rated of the rare date Uncirculated Morgans," further noting that the "enthusiasm for this date has approached hysteria in recent years
Product Identifiers
Designer
George T. Morgan
eBay Product ID (ePID)
170469440
Product Key Features
Strike Type
Business
Mint Location
New Orleans, New Orleans, Louisiana
Composition
90% Silver, 10% Copper
Year
1886
Dimensions
Weight
26.73g
Additional Product Features
Mintage
171
Mint
New Orleans
Denomination
$1
PCGS Number
7168
Diameter
38.1mm
Mint Mark
O
Edge
Reeded
Item description from the seller
Seller feedback (416)
- d***o (61)- Feedback left by buyer.Past 6 monthsVerified purchaseBEST Experience with this Generous Seller, a real Gentleman - not all on Ebay are. He went above and beyond to accommodate my LARGE Custom Order - made a PRINTED INVOICE to keep track of my many items that were not all purchased together, some on different days/week. GR8 communication to Ensure I was HAPPY with ALL my Items, was Honest w/ the Combined Shipping Refund, and the Packing was Pristine/Organized/Professional! SAFE/FUN Store to buy from offering Value, Quality, Respect, & Honesty!1987 American Silver Eagle - Brilliant Uncirculated Pristine condition (#286283132947)
- u***s (600)- Feedback left by buyer.Past 6 monthsVerified purchaseI was absolutely thrilled when my item arrived – it matched the description perfectly and came super quickly! Great value in a continuous movement in preciouss metals. The packaging was on point too, which I really appreciated. I can't recommend this seller enough! If you're looking for a reliable and thorough shopping experience, this is the one to go for!American Indian/Buffalo/ will var .999 Fine Silver 1/10 oz Fractional Round Coin (#286283173469)
- 1***3 (1543)- Feedback left by buyer.Past 6 monthsVerified purchaseBeautiful coin at a great price. Exactly as described. Packed securely for shipping. shipped really fast. I highly recommend this seller.
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Seller feedback (416)
- d***o (61)- Feedback left by buyer.Past 6 monthsVerified purchaseBEST Experience with this Generous Seller, a real Gentleman - not all on Ebay are. He went above and beyond to accommodate my LARGE Custom Order - made a PRINTED INVOICE to keep track of my many items that were not all purchased together, some on different days/week. GR8 communication to Ensure I was HAPPY with ALL my Items, was Honest w/ the Combined Shipping Refund, and the Packing was Pristine/Organized/Professional! SAFE/FUN Store to buy from offering Value, Quality, Respect, & Honesty!1987 American Silver Eagle - Brilliant Uncirculated Pristine condition (#286283132947)
- u***s (600)- Feedback left by buyer.Past 6 monthsVerified purchaseI was absolutely thrilled when my item arrived – it matched the description perfectly and came super quickly! Great value in a continuous movement in preciouss metals. The packaging was on point too, which I really appreciated. I can't recommend this seller enough! If you're looking for a reliable and thorough shopping experience, this is the one to go for!American Indian/Buffalo/ will var .999 Fine Silver 1/10 oz Fractional Round Coin (#286283173469)
- 1***3 (1543)- Feedback left by buyer.Past 6 monthsVerified purchaseBeautiful coin at a great price. Exactly as described. Packed securely for shipping. shipped really fast. I highly recommend this seller.