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The Collectors' Auction 2007
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.

(About The Images)
Roll of 1897-O. Mixed Grades. Roll of 1897-O. Mixed Grades.
Lot Title: Roll of 1897-O. Mixed Grades.
Description: The 1897-O Morgan dollar is a common piece in grades up through VF-35 or so, and indeed, many are encountered in bulk rolls of bullion coins destined for the smelter’s furnace. However, perusal of a dealer’s price guide reveals an interesting phenomenon. Between the grades of VF-20 and XF-40, the value of this coin displays a modest gain, but between XF-40 and AU-50, there is a large percentage jump in value. The greysheet displays an upswing from $18 to $83 (6/2007), a 361% gain. Then, between AU-50 and MS-60, the same greysheet shows an enormous increase from $83 to $565, an incredible 581% jump. Thus, the overall jump from XF-40 to MS-60--$18 to $565--is almost incomprehensible at over 3000 percent! Is it any wonder that so many countless numbers of this date in VF and XF have been cleaned, whizzed, and processed in an effort to achieve that coveted single-grade jump in value? From a long-time St. Louis area collection, Scotsman Auction Company is fortunate and pleased to be able to offer a rare opportunity: one single assembled roll of consistently and extremely original, never-cleaned examples of this very difficult date. Every single coin in this roll is remarkable for the thick, crusty ultra-original patination that displays as light tarnish over the high points, and tasteful classic silver color otherwise. While none would qualify for a fully uncirculated grade, the coins range in grade of XF-45 up through at least AU-55, with at least a couple displaying virtually full mint luster. It surely must have required a great deal of time and patience on the part of our consignor to find all the coins for this roll. Housed in an old coin tube, which will remain unsealed for individual assessment by our bidders. From the “Old Rock Hill” collection.

This lot may contain an item not certified by ANACS, PCGS, or NGC. While Scotsman Auction Co. is typically conservative in our descriptions of items not certified by one of these companies, we cannot guarantee our grading estimation will match their grade. We highly recommend that collectors seeking items certified by a third-party grading service only bid on items that have already been certified. No lot can be returned because of a variance in judgment with regards to grade.
Low Estimate: $600.00
High Estimate: $1,000.00
Lot Status: Bidding has been closed for this lot.
Hammered Price: $1,350.00
Price Realized: $1,552.50
Roll of 1897-O. Mixed Grades.
Roll of 1897-O. Mixed Grades.

Price history for items of the same classification:
Lot #AuctionCurrent Bid or Hammer PriceDescription
947The Collectors' Auction 2013 on 10/18/2013$1,550.00
1897-O NGC MS-62.
Choice examples cost significantly more than basic mint-state pieces, and the surfaces actually show just the bare minimum acceptable for MS-62. Typical New Orleans softness visits the center of each...
814The Collectors' Auction 2012 on 10/05/2012$280.00
1897-O PCGS AU-58.
BU examples cost a fortune by comparison to the very affordable AU grade, this slider barely missing out on a mint-state assessment Virtually full luster roams the fields, barely attenuated by a...
815The Collectors' Auction 2012 on 10/05/2012$925.00
1897-O NGC MS-61.
The story is the same for so many Morgan dollars: common in low grade, terribly expensive in high grade. 1897-O follows that theme, with the date inexpensive right up to the upper AU range. MS-63...
737The Midwest Summer Sale 2012 on 07/27/2012$850.00
1897-O NGC MS-61.
A classic grade-sensitive issue in the Morgan dollar series, 1897-O is dirt common in lower grades, a trifle better through AU, sticker-shock worthy in low UNC, and ridiculously unaffordable in MS-63...
711The Collectors' Auction 2010 on 10/15/2010$1,050.00
1897-O NGC MS-62.
1897-O is one of those infamous condition rarities in the Morgan dollar series -- common as syrup on pancakes in low grades, but one of THE keys in the highest uncirculated grades. For many such...
838The Midwest Summer Sale 2010 on 07/23/2010$1,750.00
1897-O PCGS MS-62.
This will easily seem to be an undergraded coin upon examination, as the smooth glowing luster and clean fields are reminiscent of coins grading two points higher. At stake here is a Morgan dollar...
652The Collectors' Auction 2009 on 10/16/2009$1,500.00
1897-O NGC MS-62.
Mintage of 4 million pieces for a Morgan dollar would typically lead to "common" status, but in the case of 1897-O, this is true only to the extent of pieces that have circulated. In MS-60, it...

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