Today we will continue a long series showing unslabbed Morgan Dollars.
PCGS, the first coin grading and authentication service, started slabbing coins in 1986.
Those coins were bought since the late seventies to the late eighties, and the dealers attributed the grades to them.
I bought them from three big and highly regarded dealers at the time. Unfortunately they do not exist any more. Things change in forty years...
These dealers were very strict when grading, so if I send these coins to be graded and slabbed maybe I will receive higher grades. Who knows...
I will show them in the order they were minted.
This is the MS-65 1885-O Morgan Dollar. It was bought at NERCA (New England Rare Coins Auctions)
It weights 26.73g with 90% silver purity.
9,185,000 units were minted in New Orleans in 1885.
However, many of those did not circulate, but instead sat in Treasury vaults until the 1960's. Many uncirculated bags were released in the 1960's, making this issue one of the most common in high grade.
Just to have an idea of rarity about this coin's grade, from a total of 226,459 1885-O coins in mint state, NGC graded 30,731 as MS-65, with 5,635 graded higher, until today (12/18/2019).
The NGC MS-65 price is around $140.00.
The reverse depicts an eagle with wings outstretched. The mint mark always appears on the reverse above the "o" in "Dollar", except those minted in Philadelphia, that have no mint mark.
The obverse depicts a profile portrait representing Liberty.
Thank you for reading. Please comment, upvote, resteem and advise me.