1897 Morgan Dollar : History & Value

By Charles Morgan and Hubert Walker for CoinWeek Notes …..
 

The Philadelphia Mint struck 2,822,000 Morgan {Dollars} in 1897, nearly all of which had been produced in January, June, and December. With no instant have to launch the cash into circulation, a big proportion of the difficulty was held again and positioned in Treasury Division vaults. The melters’ pot claimed many 1897 Morgan {Dollars} when the Federal Authorities bought thousands and thousands of ounces of silver bullion to Nice Britain beneath the phrases of the Pittman Act of 1918.

Regardless of this, the 1897 Morgan Greenback stays a available date by way of Alternative Mint State (MS63) and is included in Charles Morgan and Russ Augustin’s set composition for The Morgan 50.

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Market Information and Noteworthy Specimens

Seller Harry W. Bason of New Hyde Park, New York, provided 74 completely different date/mintmark Morgan {Dollars} in Sensible Uncirculated in a February 1951 Numismatist advert, itemizing 1897 Morgan {Dollars} on the market at $7.50 apiece.

The 1897 was additionally represented within the Redfield Hoard of Morgan {Dollars}. Within the August 1976 challenge of The Numismatist, coin seller Joel Rettew marketed that he was promoting Gem BU examples of the 1897 Morgan from the Redfield Hoard for $16.50. Paramount provided MS60 examples for $16 every in its June 1978 Numismatist advert.

The PCGS inhabitants of MS67 cash has elevated from 16 with none finer in 2007 to 75 with 10 finer in March 2024. As of this replace (October 31, 2024), the inhabitants has elevated to 79. The PCGS MS67+ inhabitants has elevated from three cash in July 2023 to 10 cash in March 2024. The primary PCGS MS68 was licensed in the summertime of 2024. The NGC inhabitants of MS67 cash has elevated from 11 in June 2013 to 16 with one finer as of March 2024.

Prime Inhabitants: PCGS MS68 (1, 10/2024), NGC MS67+ (1, 10/2024), and CAC MS67 (14:1 stickered:graded, 10/2024).

• PCGS MS67+ #49016009: Stack’s Bowers, March 26, 2024, Lot 4197 – View. Sensible. Small copper spot beneath the attention. Mild conflict pictures on the reverse.
• NGC MS67+ #5749024-008: Heritage Auctions, September 18, 2020, Lot 3662 – $10,500. Sensible.
• PCGS MS67+ CAC #82973158: Heritage Auctions, April 28, 2017, Lot 4771 – $23,500. Sensible.
• PCGS MS67 #39270130: As NGC MS67 #4201986-001. Stack’s Bowers, July 2015, Lot 4608 – Passed; Stack’s Bowers, April 1, 2016, Lot 17574 – $8,000 Reserve Not Met. As PCGS MS67 #39270130. “The Puccini Assortment of Toned Morgan {Dollars},” Heritage Auctions, September 12, 2024, Lot 2241 – $6,600. Crossed to PCGS. Darkish, however vivid rainbow obverse firming in inexperienced and purple. Diagonal line throughout firming. Reverse sensible.
• PCGS MS67 #45449825: “The Citizen Daring Assortment,” Heritage Auctions, June 13, 2024, Lot 3063 – $7,200; Heritage Auctions, August 16, 2024, Lot 5244 – $4,560. Sensible.
• PCGS MS67 #45444273: Stack’s Bowers, August 18, 2023, Lot 6442 – $4,080. Sensible.
• PCGS MS67 #47970749: Stack’s Bowers, August 18, 2023, Lot 6443 – $4,560. Gold, purple, and blue firming on the obverse.
• PCGS MS67 #42780436: Stack’s Bowers, August 17, 2021, Lot 3377 – $3,840. Darkly toned.
• PCGS MS67 #25028066: Stack’s Bowers, March 26, 2021, Lot 5406 – $5,520. Sensible, mild rim firming.
• PCGS MS67 CAC #50089735: “The Larry H. Miller Assortment,” Stack’s Bowers, November 12, 2020, Lot 6372 – $8,400.
• PCGS MS67 CAC #50143198: Heritage Auctions, April 28, 2017, Lot 4770 – $9,400.
• PCGS MS67 CAC #25238371: Heritage Auctions, December 4, 2014, Lot 3688 – $10,868.75. Sensible.
• PCGS MS66+PL CAC #25307493: Heritage Auctions, June 5, 2014, Lot 4706 – $9,400.
• PCGS MS66DMPL #34464629: “The David T. Miller #1 PCGS Registry Set of DMPL/PL Morgan {Dollars} with Varieties,” Heritage Auctions, January 12, 2024, Lot 4662 – $15,000. DT Miller on insert.
• PCGS MS66DMPL #46504178: Heritage Auctions, July 20, 2023, Lot 3139 – $18,000. Sensible. Gadgets frivolously frosted.
• NGC MS66DPL #5743592-005: Heritage Auctions, December 5, 2019, Lot 3217 – $10,200; Heritage Auctions, June 4, 2020, Lot 3122 – $9,000.
• PCGS MS66DMPL #3569790: Stack’s, October 1999, Lot 435; “The Carson Silver Assortment,” Heritage Auctions, July 31, 2009, Lot 1180 – $13,800; Heritage Auctions, December 4, 2009, Lot 1115 – $18,400. Naples II on insert. Sensible.
• PCGS MS65DMPL CAC #18717183: Legend Uncommon Coin Auctions, Might 14, 2020, Lot 263 – $1,821.25.

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Coin Specs

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