1897-O Morgan Dollar XF45 PCGS
Exploring the 1897-O Morgan Dollar XF45 PCGS
The 1897-O Morgan Dollar is a fascinating coin that holds a special place in the hearts of numismatists and collectors. Minted in New Orleans, this dollar coin is distinctive not just for its striking design but also for the historical context it represents. An example graded XF45 by the Professional Coin Grading Service (PCGS) is particularly intriguing due to its balanced mix of wear and detail.
Historical Background
The Morgan Dollar series, named after its designer George T. Morgan, was first minted in 1878 and continued until 1904, with a brief revival in 1921. The 1897-O Morgan Dollar is notable as it comes from the New Orleans Mint, which produced fewer coins compared to other mints, making it scarcer and more desirable. This coin bears the characteristic “O” mint mark, signaling its origin.
Condition and Grading
An 1897-O Morgan Dollar graded XF45 (Extremely Fine) by PCGS indicates a coin that has circulated but still retains much of its original detail. In this grade, one can expect to see clear evidence of wear on the high points of Liberty’s cheek and hair, as well as on the eagle’s breast feathers and wingtips. However, the overall design elements remain sharp and distinct, making it a visually appealing piece.
Collectability and Investment
Coins like the 1897-O Morgan Dollar in XF45 condition are highly sought after by collectors due to their combination of historical significance, rarity, and aesthetic appeal. The scarcity of higher-grade examples adds to the allure, often making these coins a solid investment. With proper care and handling, the value of these Morgan Dollars is likely to appreciate over time.
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