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<p>[QUOTE=&quot;dcarr, post: 2539876, member: 4781&quot;]I have done a fair amount of research on these and the other coins in the &quot;family&quot; of VAM-listed privately-made Morgan Silver Dollars. I&#039;ve even presented a talk about them at a couple local coin clubs: <a href="http://www.moonlightmint.com/VAM_privately_made/00.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.moonlightmint.com/VAM_privately_made/00.htm" rel="nofollow">http://www.moonlightmint.com/VAM_privately_made/00.htm</a></p><p><br /></p><p>Most of these coins are quite worn - they circulated freely alongside genuine coins for decades. Even VF specimens are pretty scarce. Anything above that is rare. Only two UNC specimens from the entire family are known. The second highest graded coin in the entire &quot;family&quot; is an MS-61 1901-O VAM-60 (which is not a micro-o, but it was made by the same entity).</p><p><br /></p><p>Earlier this year I was lucky to snag this 1896-o micro-o (unattributed) off eBay for a relative pittance. It is the highest known grade of any VAM-listed privately-made Morgan, by at least three grade points (MS-64). I can&#039;t think of any other contemporary counterfeit, from any series, that has this state of preservation:</p><p><img src="http://www.designscomputed.com/coin_pics/DC_1896o_hg_obv.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><img src="http://www.designscomputed.com/coin_pics/DC_1896o_hg_rev.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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