1889-O Morgan Dollar
Guidelines for Collecting:
The 1889-O Morgan was struck in large quantities and millions of coins were likely released into circulation in the 19th century, with others stored as part of Treasury holdings and released over a period of many years. Worn grades of the 1889-O are common. Coins in Mint State are plentiful, but the sharply struck gems with very attractive luster are harder to find. Circulation strikes are usually lightly struck in at the centers. When seen, prooflike coins are well struck and often have a cameo contrast.
Availability in Circulated Grades:
Readily available in a wide range of grades from well-worn VG or so right up to AU, the date presents no difficulty in these grades.
Availability in Mint State Grades:
In the 1930s the Treasury was paying out Mint State bags to any and all takers, but on a Hobson’s choice basis. The Treasury never responded to requests for specific dates and mintmarks. By the time of the Treasury releases in the early 1960s, few bags of the date remained. Gems are not easily located but can be found with patience. Look for an MS-64 with a bold strike and lively luster and you will be well rewarded for your search.
Availability in Proof:
None produced.
The example to the left was sold by Stack's Bowers Galleries in the August 2018 ANA Auction, where it realized $6,300.
1889-O Morgan Dollar Auction Highlights
 PCGS MS-65, CAC Sold for $19,200 View Lot 1449 |  PCGS MS-66 Sold for $17,625 View Lot 2134 |  PCGS MS-66 Sold for $17,625 View Lot 2135 |
