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Rare variant of 1885 Morgan sells for $3,000. Huh?
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<p>[QUOTE="calcol, post: 8289238, member: 77639"]Was reading an article about the status of the bald eagle in the most recent Smithsonian magazine. Nice that they’re doing great. Then there was a curious statement that the bald eagle on the national seal “still adorned the 1885 U.S. silver dollar. Today, a rare variant of the coin fetches up to $3,000.”</p><p><br /></p><p>OK. But of course, the bald eagle on the national seal is on 2022 silver dollars. So, where did the 1885 date come from, and what is the rare variant? Branch mint, VAM or what?</p><p><br /></p><p>I started think about a beginning reference for U.S. coins, and of course, the Red Book came to mind. So, I whipped out my 2022 edition and turned the Morgan dollar section. Ah ha! All proofs except 1878-79, 1883O and 1895 are listed on the right side of each page as $3,000 in PF-63. So, the “rare variant” is the proof. The Morgan dollar represents “the U.S. silver dollar” to the author of the article. He opened the Red Book, picked a Morgan more or less in the middle of the listings, and spotted the most expensive price, which was for the proof.</p><p><br /></p><p>PF-63 is not even the most common grade for 1885 Morgan proofs; PF-64 is. A PF-63 is still a gorgeous coin! A PF-69 has sold for just over $100k … a tad more than $3k. A picture of this amazing coin is below.</p><p><br /></p><p>Cal</p><p><br /></p><p>[ATTACH=full]1464986[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 8289238, member: 77639"]Was reading an article about the status of the bald eagle in the most recent Smithsonian magazine. Nice that they’re doing great. Then there was a curious statement that the bald eagle on the national seal “still adorned the 1885 U.S. silver dollar. Today, a rare variant of the coin fetches up to $3,000.” OK. But of course, the bald eagle on the national seal is on 2022 silver dollars. So, where did the 1885 date come from, and what is the rare variant? Branch mint, VAM or what? I started think about a beginning reference for U.S. coins, and of course, the Red Book came to mind. So, I whipped out my 2022 edition and turned the Morgan dollar section. Ah ha! All proofs except 1878-79, 1883O and 1895 are listed on the right side of each page as $3,000 in PF-63. So, the “rare variant” is the proof. The Morgan dollar represents “the U.S. silver dollar” to the author of the article. He opened the Red Book, picked a Morgan more or less in the middle of the listings, and spotted the most expensive price, which was for the proof. PF-63 is not even the most common grade for 1885 Morgan proofs; PF-64 is. A PF-63 is still a gorgeous coin! A PF-69 has sold for just over $100k … a tad more than $3k. A picture of this amazing coin is below. Cal [ATTACH=full]1464986[/ATTACH][/QUOTE]
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Rare variant of 1885 Morgan sells for $3,000. Huh?
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