The height of summertime is typically slow for the rare coin market
as dealers take a well-deserved break in July and prepare for the American Numismatic Association World’s Fair of
Money in early August.
Online auctions keep things moving, however, and with weekly
auctions by GreatCollections, along with online auction offerings from
several firms including Stack’s Bowers Galleries, Legend Rare Coin
Galleries, David Lawrence and Heritage, collectors are never too far
from buying opportunities.
Here is one of three coins sold in recent online auctions that we're
profiling in this week's Market Analysis:
1882-O Morgan dollar, MS-66+, Professional Coin
An 1882-O Morgan dollar is widely available in grades up to and
including Mint State 64. In MS-65 it is tough, and any finer it is
rare. A typical example shows a relatively weak strike. At a July 19
online auction by Legend Rare Coin Auctions, one graded MS-66+ by
Professional Coin Grading Service sold for a robust $9,900.
It was noteworthy for its color, with Legend observing “rich bag
toning on the obverse,” and adding, “indeed we see the canvas pattern
on the cheek and on the field. Pastel hues in blue, gold, orange, and
peach are accentuated by a bold luster. The reverse is also toned with
an amber-orange-gold dominating.” As these dollars were often stored
in canvas bags, evidence of the canvas weave can be evidence of
What is the value of your Morgan dollar? Coin Values tells you.
PCGS has graded just 53 examples MS-66 and four MS-66+. Its
population report notes just six finer: four in MS-67, one in MS-67+
and an astounding MS-68+ example that Legend sold last year at auction
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Keep reading this
summer online auction Market Analysis: