In 2011 An 1880-O Morgan Silver Dollar Sold For $13113.
Introduction
The 1880-O Morgan Silver Dollar is one of the most popular and sought-after coins among collectors and investors alike. This coin was minted at the New Orleans Mint in 1880 and is considered to be one of the finest examples of American coinage. In 2011, an 1880-O Morgan Silver Dollar was sold for a staggering $13,113, making it one of the most expensive coins ever sold at auction.
The History of the 1880-O Morgan Silver Dollar
The Morgan Silver Dollar was named after its designer, George T. Morgan, who was a British engraver working for the United States Mint. The coin was first minted in 1878 and was produced until 1904, when it was replaced by the Peace Dollar. However, in 1921, the Morgan Silver Dollar was once again produced for a year due to the Pittman Act, which required the government to replenish its silver reserves.
The 1880-O Morgan Silver Dollar was minted in New Orleans, Louisiana, which was one of the four US Mint facilities at the time. The “O” mint mark can be found on the reverse side of the coin, indicating its origin. The coin was minted using 90% silver and 10% copper, and it has a diameter of 38.1mm and a weight of 26.73 grams.
The Rarity of the 1880-O Morgan Silver Dollar
The 1880-O Morgan Silver Dollar is one of the rarest coins in the Morgan Silver Dollar series. The coin was produced in limited quantities, and most of the coins were melted down during the silver meltdowns of the early 20th century. As a result, the surviving coins are highly sought-after by collectors and investors alike.
In addition to its rarity, the 1880-O Morgan Silver Dollar is also highly valued for its condition. The coin that sold for $13,113 in 2011 was graded MS67 by Professional Coin Grading Service (PCGS), which is the highest grade a coin can receive. Coins in this condition are extremely rare and are highly valued by collectors and investors.
The Sale of the 1880-O Morgan Silver Dollar
The 1880-O Morgan Silver Dollar that sold for $13,113 in 2011 was part of the Dr. Robert Hesselgesser Collection, which was sold at auction by Heritage Auctions. The coin was one of the highlights of the auction and generated a lot of interest from collectors and investors.
The winning bidder was a collector from California, who paid $13,113 for the coin. This was a record-breaking sale for an 1880-O Morgan Silver Dollar, and it cemented the coin’s status as one of the most valuable and sought-after coins in American coinage.
The Value of the 1880-O Morgan Silver Dollar Today
The value of the 1880-O Morgan Silver Dollar has continued to increase over the years, and it remains one of the most valuable coins in American coinage. As of 2021, the value of an MS67-graded 1880-O Morgan Silver Dollar is estimated to be around $15,000 to $20,000.
However, the value of the coin can vary depending on its condition, rarity, and historical significance. Coins that are in pristine condition and have a rich history can fetch even higher prices at auction.
Conclusion
The 1880-O Morgan Silver Dollar is a rare and valuable coin that has captured the attention of collectors and investors for over a century. The coin’s rarity, condition, and historical significance have made it one of the most sought-after coins in American coinage, and its value continues to increase over time.