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Branch Mint Proof

U.S. Coin Values: Morgan Dollars (Proof).

About 1883-O $1 BM

The story behind the 1883-O proof Morgan dollar is the stuff of legend and moreover mystery. Numismatic scholar Walter Breen postulated the 1883-O proof Morgan dollars were made as presentation pieces for officials connected with a celebration of some kind relating to the cotton industry or perhaps having to do with the establishment of Tulane University as the official state university of Louisiana. Yet, neither of these theories have been proven as fact. Whatever the case, about a dozen examples of this branch-mint proof were made and all are thus extremely rare. One example graded PCGS/CAC PR67CAM took $270,250 at a 2013 Heritage auctions sale.

Obverse: Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.

Reverse: The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.

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Coin Date: 1883-O
Denomination: $1 / One dollar
Designation: PR
Mint Mark: O
Mint Location: New Orleans
Mintage: Approx. 12 Struck
Coinage Type: Morgan silver dollar
Coinage Years: 1878-1921
Prefix: Branch Mint Proof
Composition: 90% silver; 10% copper
Strike Type: Proof
Diameter: 38.1 mm
Weight: 26.73 gr
Designer: George T. Morgan
Edge: Reeded
PCGS #: 7346
NGC ID: 27Z9

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All CDN prices are based on proprietary market knowledge and technology developed by CDN Publishing, LLC.

CPG® prices represent retail levels. Collectors should refer to CPG values as a starting place for their negotiations, or auction bid reference.

Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade. Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. The actual value can be more or less than this depending on factors including eye appeal and market timing.

Bluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. For this reason, Bluesheet values typically represent the floor of the market for the specified item. CDN only tracks Bluesheet on certain items.

CAC prices are for U.S. coins that meet the standards of the Certified Acceptance Corporation. You can learn more about CAC on their web site.

Price movement is indicated for price changes in the last 30 days.

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