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1902-O $1 Morgan Silver Dollar

US $56.00
ApproximatelyC $77.38
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Located in: San Jose, California, United States
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eBay item number:173874310246
Last updated on Feb 15, 2023 16:15:04 ESTView all revisionsView all revisions

Item specifics

Grade
Ungraded
Circulated/Uncirculated
Uncirculated
Certification
Uncertified
Country/Region of Manufacture
United States

About this product

Product Information

<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)<br/><br/>Numismatic Information<br/><br/>Hoard coins: Although 1902-O dollars seeped out over a period of years from storage in the Treasury Building in Washington, D.C., especially in the late 1950s and very early 1960s (before autumn 1962), the date was not considered common until a vast torrent of hundreds of thousands emerged from a sealed vault in the Philadelphia Mint in October 1962 and ensuing months. Earlier, the 1902-O was considered to be a rarity in Mint State, and for a period of years it was priced higher than, for ex-ample, the 1884-S. <br/><br/>Circulated grades: Today, the 1902-O is slightly scarce in worn grades. However, it sells for little more than a common date. The depressed valuation for circulated coins is due to the widespread availability of Uncirculated pieces. <br/><br/>Mint State grades: In Uncirculated grades the 1902-O is very common. Most are in lower levels, but enough MS-64 and MS-65 coins exist that little effort is required to locate a specimen. I estimate that 300,000 to 600,000 survive at the MS-60 to 62 level, 125,000 to 250,000 in MS-63, 100,000 to 200,000 in MS-64, and 14,000 to 28,000 MS-65s. <br/><br/>The striking quality of 1902-O dollars is usually poor, with flatness at the centers, particularly the reverse. Lustre ranges from dull to "greasy" on most pieces. There are exceptions, as might be expected from such a large coinage, and diligent cherry-picking may yield a sharply struck, lustrous coin at, who knows, perhaps for not much more money than a flat strike. <br/><br/>Prooflike coins: Wayne Miller wrote that the issue was believed to be elusive, until one or two bags of Prooflike pieces came on the market in 1968. Unfortunately, these coins lacked satisfactory contrast and were gray in appearance, which seems to be par for the course for prooflikes of this date. Most of these coins have long since been absorbed into collections. Probably 5,000 to 10,000 PL coins exist. DMPL coins are about four or five times harder to find than PL. Apparently, high-contrast cameo DMPL coins are unknown. <br/><br/>Varieties<br/><br/>NEW OVER OLD HUB: DOUBLE OLIVE AT CLAW <br/><br/>1. C-4 reverse hub over C-3: Breen-5692, VAM-8, 12, 15-21, 23, 25, 27-32, 34-39. Reverse die variations differ from each other minutely. An outstanding example of a cluster of varieties of a major type relatively unknown as recently as 20 years ago, but now considered common.<br/>VAM C-4 OVER C-3 REVERSE <br/><br/>Circulation strikes: <br/><br/>NEW REVERSE HUB: WIDE NECK/WING SPACE, LARGESTARS<br/><br/>Circulation strikes:<br/><br/>1. Medium O. Breen-5691, VAM 1-2,4-11, others, mostly positional varieties. Many survive from the huge Treasury releases of this date.<br/><br/>Evidently most of the 140 obverses, 107 reverses intended for 1902-O (various hub types combined) were unused.<br/>Dies prepared: Obverse: 140; Reverse: 107 Circulation strike mintage: 8,636,000; Delivery figures <br/>by month: January: 1,500,000; February: 750,000; March: 750,000; April: 500,000; May: 1,000,000; June: 320,000; July: 550,000; August: 1,000,000; September: 1,200,000; October: 500,000; November: 500,000; December: 66,000.<br/> <br/>Estimated quantity melted: Millions, probably starting with the 1918 Pittman Act authorization. <br/><br/>Availability of prooflike coins: Relatively common.<br/><br/>A bag or two of prooflikes came on the market in 1965. About 5,000 to 10,000 exist (URS-14). DMPL coins are scarcer. <br/>Characteristics of striking: Usually very poor, but there are rare exceptions. <br/><br/>Known hoards of Mint State coins: Many hundreds of bags were released by the Treasury 1962-1964. These were in addition to bags released earlier

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170399145

Product Key Features

Strike Type
Business
Mint Location
New Orleans, New Orleans, Louisiana
Composition
90% Silver, 10% Copper
Year
1902

Dimensions

Weight
26.73g

Additional Product Features

Mintage
8636
Mint
New Orleans
Denomination
$1
PCGS Number
7280
Diameter
38.1mm
Mint Mark
O
Edge
Reeded

Item description from the seller

About this seller

webster3097

100% positive feedback902 items sold

Joined Apr 2013
Usually responds within 24 hours
U.S.Coins and collectables. Pictures are the item you will get.We do our best to provide fast, friendly service!Please only resonable offers-- not half price type....

Seller feedback (632)

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  • a***t (657)- Feedback left by buyer.
    Past year
    Verified purchase
    Hard-to-Find 1882-O/S Vam-5 Broken 'S' EDS (Early Die State) Morgan Dollar; NGC AU-53: Super Coin that presents this Variety the Best I Have Ever Seen!!! Buy from this Seller, because they have a Good Eye for Choice Coins!!! Got a Great Deal that gave me Instant Equity!!! Secure Packaging with Fast Shipping!!! This Coin Exceeds the words to describe it!!!
  • a***a (2650)- Feedback left by buyer.
    Past 6 months
    Verified purchase
    Good, quick, clean, hassle-free transaction. Highly recommend. An asset to eBay.
  • m***c (46)- Feedback left by buyer.
    Past year
    Verified purchase
    Item was what I ordered. Was in good condition and arrived in a reasonable time.

Product ratings and reviews

4.9
73 product ratings
  • 69 users rated this 5 out of 5 stars
  • 2 users rated this 4 out of 5 stars
  • 1 users rated this 3 out of 5 stars
  • 0 users rated this 2 out of 5 stars
  • 1 users rated this 1 out of 5 stars

Would recommend

Good value

Good quality

Most relevant reviews

  • Top favourable review

    Buying PCGS Mint State Coins

    I feel confident buying a Mint State coin from PCGS. I am leery about some coins out there as you never know if has been cleaned or a real value. Buying a slabbed coin will cost you more but you know what you are getting

    Verified purchase: YesSold by: liberty.coin

  • Top critical review

    nice addition of my collection of O dollars.

    A good example of a weak strike. The New Orleans mint was known for weak strikes.

    Verified purchase: YesSold by: onionsavenged

  • Great coin, rapid delivery.

    A very nice Morgan. The condition of the coin exceeds the stated ranking. I am quite happy with my purchase. I'll Be Back!

    Verified purchase: YesSold by: colonial_resources_inc

  • Lovely coin...great service...what more could you ask for?

    Verified purchase: YesSold by: liberty.coin

  • Morgan 1902-O MS65

    Beautiful coin, clean face, I'd like to find some more like this in MS65 & 66. Have seen many slabs that do not reflect the quality that this coin has.

    Verified purchase: YesSold by: liberty.coin