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Greysheet Catalog Details (GSID: 7883)

The 1879-O One dollar is part of a series of Morgan silver dollar coins struck from 1878-1921. Struck in New Orleans and designated as a Proof (PR) strike, this coin is made of 90% silver; 10% copper.
This extremely rare branch-mint Morgan dollar proof is perhaps the rarest of all proof Morgans and has an interesting story to tell. It is believed just 12 were minted on February 20, 1879, to commemorate the reopening of the New Orleans Mint following its closure in 1861 at the onset of the Civil War. These O-mint proofs are unknown by a large number of numismatists, and far fewer collectors have even seen one. On the rare occasion they are offered for sale, they inspire great attention in the numismatic media and also command strong bids. One PCGS-grade PR64 specimen realized an outstanding $184,000 at a March 2010 Stack’s-Bowers auction.
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.

Catalog Details    Dealers Only

Catalog Detail

GSID: 7883
Coin Date: 1879-O
Denomination: $1 / One dollar
Designation: PR
Mint Mark: O
Mint Location: New Orleans
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
Coin Shape: Round
Designer: George T. Morgan
Obverse Lettering: E PLURIBUS UNUM, LIBERTY, 1879
Obverse Designer: George T. Morgan
Reverse Lettering: UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Reverse Designer: George T. Morgan
PCGS #: 7345
NGC ID: 27Z3
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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.

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