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Description
If you had been a collector of Uncirculated Morgan dollars in September 1962, high on your want list would have been the 1898-O, along with the 1903-O, and 1904-O. These three were the most formidable rarities among Mint State New Orleans dollars, and even the most in-depth dealer's stock was not likely to have an example of anyone of the three. If you could have found one, it would have set you back $300 to $400 or more. The current Guide Book listed the value at $300, or double the price of the 1889-CC. A bag of 1,000 coins, if such existed, would have had a theoretical market value of over $300,000! But, not to worry. None was to be had, although a few bags had come out of storage in the Treasury Building in Washington, D.C. in the 1940s and early 1950s and, except for a few hundred pieces that went into dealers' stocks, the coins had slipped into circulation.
- Category: Morgan Dollars (1878-1921)
- Mint: New Orleans
- Obverse Designer: George T. Morgan
- Reverse Designer: George T. Morgan
- Fineness: 0.9
- Weight: 26.73g
- Diameter: 38.1mm
- Edge: Reeded
