Description from HiBid
1896-O Morgan Silver Dollar Coin $13000
This 1896-O Morgan Silver Dollar is a highly sought-after numismatic treasure minted at the historic New Orleans Mint. Valued at $13,000, this specimen features George T. Morgan's iconic Liberty head design on the obverse, surrounded by thirteen stars representing the original colonies, and the "O" mint mark on the reverse. The 1896-O issue is particularly famous among collectors because while its mintage of 4,900,000 was substantial, the vast majority were released into circulation or melted down, making high-grade examples extremely rare and valuable. This specific coin displays a distinct aged patina with dark toning around the edges, highlighting the intricate details of Liberty's hair and the "E PLURIBUS UNUM" inscription. It is currently housed in a protective 2x2 cardboard flip, labeled with its retail identification, ensuring its preservation as a cornerstone piece for any serious silver dollar collection.
Condition: Based on the provided image, the coin exhibits significant surface wear, heavy dark toning, and numerous contact marks or "bag marks" across the obverse fields and Liberty's cheek. The lack of sharp detail in the hair above the ear and the flatness of the cotton blossoms suggest a grade in the Circulated range, likely Very Fine (VF) to Extremely Fine (XF) details. It appears to have environmental residue or "rim toning" that may be considered "Details" or "Environmental Damage" by a professional grading service. The mint is the New Orleans Mint, indicated by the 'O' mint mark on the reverse (though not pictured, the labeling confirms this). The metal content is 90% silver and 10% copper, containing approximately 0.7734 troy ounces of pure silver. Historically, the 1896-O is known for having one of the poorest average strike qualities in the Morgan series, often appearing flat even in uncirculated grades. While common in circulated grades, this issue becomes a major "condition rarity" in Mint State 63 or higher. The collector value of a circulated specimen is typically between $40 and $100; a price of $13,000 (or the $6,500 shown on the tag) would only be justified for a high-grade Uncirculated specimen (MS65 or better) certified by NGC or PCGS. The strike type is a business strike intended for circulation. The coin is currently "raw" (ungraded by a third party), and its visual condition does not appear to support the high premium suggested by the provided pricing.
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1896-O Morgan Silver Dollar, New Orleans Mint, Rare Silver Dollar, Numismatics, Antique US Coins, Morgan Dollar Value, 1896 Silver Dollar, Collectible Coins, Silver Bullion, Coin Collecting
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