1880 O Morgan Silver Dollar

I know these arent the best pics, but I just want general input. I got the coin for $14.50! I was really pleased when I saw that the higher quality coins go for a good bit. However, I also noticed that its dull and there appears to be a nick or nicks on the rim. Im supposed to get it in a couple days. Regardless of the grade, $14.50 is still a great deal! I also saw the little nick on her cheek. Id hope for a MS66 but would settle for MS63. jk

Thank you!

 

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Holy cow did you get a great deal.

Melt on Morgans right now is $21.68, so even if this were only worth melt you did great.

Looking at the larger pics, I see small hits on the obverse but they don't appear to be distracting in anyway. One above the eye, off the corner of the mouth, some minor ones on the reverse fields, but there are 3 hits on the right top of the breast.

I don't see why this couldn't get a 63, maybe even 64.

:thumb:

 

man I hope its a ms64

 

There's a possibility for that.

Just curious, the seller, knew nothing about silver dollars from the 19th century?

 

i dont know. I was searching searching searching for some good silver bullion buys and saw a morgan for 14 and grabbed it.

gotta go to work. be back in the morning. comments welcome!!!

 

Looks like a 64 to me-- pretty clean, and has nice luster. Definitely a steal for what you paid. It is an extremely common date Morgan, but a nice coin!

 

the '80o gets kinda up there in a 63 and way up in a 64. common coin but a condition rarity.

 

yea, thats what i noticed. I saw that it was about the same value as common Morgans in the lower grades but once it started getting into the higher grades it took off. I know their estimated values are typically inflated, but ngc's site puts the ms63 at $413. Ms64 at $1970. ms65 at $27760. Any chance its a 65??? :yes:

I'll definitely send it in for grading if its as good as it looks. Im sure you probably already have, but be sure to click on the pics. Anybody wanna take a guess at the final grade, assuming the pics are a good representation?

 

I am not too sure if it is gradable. If it is a scan rather than a picture, then it may be, but from the pic given, I am going to go with details.

 

You mean not mint?

 

Any theory or reason why the 1880 O's price goes so high on the high grade end? I know its because fewer exist, but why do fewer exist? Is it maybe because they were so common that they werent considered collectible and so most were circulated? I dunno. Still a near-total noob here.

 

It goes by the pop report of the higher grades for this year and mint mark. That has an effect on the prices asked, because of the rarity of the higher grades.

 

Not that many survived the melt in mint state condition. It is a common date in low level MS and circulated, but in higher grades, it is very rare. I don't think it is a details coin--honestly, I think 63-64. If it is a 64, you are a big winner. If not, you have a nice coin to begin with.

 

i realize its more rare in higher grades vs other Morgans, but why? Why this particular one, 1880 O?

 

How do you think this one compares to the other in terms of potential grade? Remember, I absolutely 100% understand that you cant really know unless coin is in hand and that this is only edumakated guessing.

 

New Orleans struck Morgans are known to have weak strikes for the most part. That Mint was more concerned with quantity rather than quality.

For a New Orleans Morgan to have a strong strike, is a rarity in itself.

FYI, PCGS has only graded 32 examples of an 1880 O Morgan at a MS65 and 1186 examples at MS64, with only 58 of those MS64 examples receiving the +. There are no PCGS graded MS65's with a +, according to their pop report.

However, a MS63, according to the price guide on the PCGS site, the value is listed at $385, so a 63 would not be bad.

It also goes by mintage figures as well, and there is a known 80/79 variety included in the 5,305,000 struck in New Orleans that year.

 

It looks very clean to me, with no real problems. However, dont the breast feathers appear to be showing wear or am I looking at it wrongly?

 

I can see circulation wear in the hair on the obverse, and the eagles breast on the reverse, which are focal points of this series.

AU would be my opinion.

 

Actually, you're looking at it rightly :thumb:

Any circulation wear, especially on the high and key focal points, holds the grade to an AU. Depending on the amount of wear, will determine whether it's AU or Choice AU.

 

Oh, I didnt think the graders accounted for the strike. I know buyers obviously can and do. Does the plus mean its between the two grades or something else? Thanks for your help!!!