1896-O Morgan Dollar


1896-O Morgan Dollar

Circulation Mintage: 4,900,000
Obverse Text: 1896 | LIBERTY | E PLURIBUS UNUM
Reverse Text: UNITED STATES OF AMERICA | ONE DOLLAR | IN GOD WE TRUST | O

Guidelines for Collecting:

The 1896-O dollar is one of those coins that makes numismatics so interesting and, at the same time, puzzling to the uninitiated observer. A well-worn specimen can be bought with a $20 bill, but on the other hand, the 1896-O is extremely rare—and valuable—in gem condition.

Availability in Circulated Grades:

Most of the mintage for this date evidently circulated long and hard for there is no shortage of VG to EF coins in the marketplace. In AU the coin is easily affordable and many are the collections with a choice AU coin in the 1896-O slot. Above that and it’s every collector for himself or herself.

Availability in Mint State Grades:

Despite the mintage for the date, a Mint State 1896-O is not an easy item to locate. The Guide Book lists a five-figure amount for a Mint State-65 example of the date, and even its MS-60 column gives a four-figure value that is more than nine times that of an AU coin. The luster is soft and the strike is deficient on most examples of this date, and finding a specimen that beats those odds is an accomplishment.

Availability in Proof:

None produced.

View 1896-O Morgan Dollar Auction Results

The example to the left was sold by Stack's Bowers Galleries in the Larry H. Miller Collection, where it realized $528,000.

1896-O Morgan Dollar Auction Highlights

1895 new orleans mint morgan silver dollar value

1896-O Morgan Dollar
PCGS MS-66, CAC

Sold for $528,000
 
View Lot 6370
1896 o mint morgan dollar price guide value

1896-O Morgan Dollar
PCGS MS-64

Sold for $32,900
 
View Lot 2127
1896 o morgan dollar value guide

1896-O Morgan Dollar
PCGS MS-64

Sold for $31,200
 
View Lot 1227

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