The numismatic community is abuzz with excitement as Stack’s Bowers Galleries prepares to showcase an unparalleled treasure: the only certified Proof 1881-O Morgan Dollar.
This extraordinary coin is set to be the centerpiece of the November 2024 Rarities Night Auction, captivating collectors and enthusiasts worldwide.
The Morgan Dollar: A Brief Overview
Minted from 1878 to 1904, and again in 1921, the Morgan Dollar is a cornerstone of American coinage. Designed by George T. Morgan, it features a profile of Lady Liberty on the obverse and a heraldic eagle on the reverse.
While millions were struck across various mints, Proof versions are exceptionally rare, especially those from branch mints like New Orleans.
The 1881-O Morgan Dollar: A Singular Proof Specimen
The 1881-O Morgan Dollar holds a special place in numismatic history. While the New Orleans Mint produced over 5.7 million circulation strikes that year, Proof specimens were not officially documented.
The discovery of this unique Proof coin, graded PR64 by PCGS, has astonished experts and collectors alike. Its existence suggests a special striking, possibly intended for presentation or as a test piece, making it a singular artifact in American coinage.
Key Features of the Proof 1881-O Morgan Dollar
| Feature | Description |
|---|---|
| Mint | New Orleans (O) |
| Year | 1881 |
| Grade | PR64 by PCGS |
| Composition | 90% Silver, 10% Copper |
| Diameter | 38.1 mm |
| Weight | 26.73 grams |
| Edge | Reeded |
| Obverse Design | Lady Liberty profile |
| Reverse Design | Heraldic eagle with outstretched wings |
| Unique Identifier | Only certified Proof specimen of its kind |
The Journey to Auction
This remarkable coin is part of the Darrel Overton Neidigh, Jr. Collection, a compilation of rare and significant pieces amassed over five decades. The collection includes other notable rarities, such as an 1849-C Open Wreath Gold Dollar and an 1848 CAL. Quarter Eagle.
The Proof 1881-O Morgan Dollar, however, stands out as a unique specimen, having been recently graded for the first time.
Anticipated Impact on the Market
The appearance of this one-of-a-kind Proof 1881-O Morgan Dollar is expected to make waves in the numismatic market. Its rarity and impeccable condition position it as a highly coveted item among collectors.
While exact estimates are speculative, experts anticipate that the coin could command a significant premium, potentially setting new records for Morgan Dollar sales.
The unveiling of the only certified Proof 1881-O Morgan Dollar at Stack’s Bowers November 2024 Rarities Night marks a momentous occasion in numismatic history. This unique coin not only enriches the legacy of the Morgan Dollar series but also offers collectors a once-in-a-lifetime opportunity to acquire a piece of unparalleled rarity and historical significance.