1887/6-O $1 (Regular Strike)

Series: Morgan Dollars 1878-1921

PCGS MS65

PCGS MS65

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OVERDATE DETAIL

OVERDATE DETAIL

PCGS MS64+

PCGS MS64+

PCGS #:
7178
Designer:
George T. Morgan
Edge:
Reeded
Diameter:
38.10 millimeters
Weight:
26.73 grams
Mintage:
11,550,000
Mint:
New Orleans
Metal:
90% Silver, 10% Copper
Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 100,000 R-2.0 32 / 117 32 / 117
60 or Better 16,000 R-2.8 31 / 117 TIE 31 / 117 TIE
65 or Better 5 R-9.7 2 / 117 TIE 2 / 117 TIE
Survival Estimate
All Grades 100,000
60 or Better 16,000
65 or Better 5
Numismatic Rarity
All Grades R-2.0
60 or Better R-2.8
65 or Better R-9.7
Relative Rarity By Type All Specs in this Type
All Grades 32 / 117
60 or Better 31 / 117 TIE
65 or Better 2 / 117 TIE
Relative Rarity By Series All Specs in this Series
All Grades 32 / 117
60 or Better 31 / 117 TIE
65 or Better 2 / 117 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS65 PCGS grade PCGS #7178 (MS)     65
2 MS65 estimated grade
2 MS65 estimated grade
2 MS65 estimated grade
5 MS64+ PCGS grade
5 MS64+ PCGS grade
7 MS64 PCGS grade MS64 PCGS grade
7 MS64 PCGS grade PCGS #7178 (MS)     64
7 MS64 PCGS grade
7 MS64 PCGS grade
PCGS #7178 (MS)     65 #1 MS65 PCGS grade
#2 MS65 estimated grade
#2 MS65 estimated grade
#2 MS65 estimated grade
#5 MS64+ PCGS grade
#5 MS64+ PCGS grade
MS64 PCGS grade #7 MS64 PCGS grade
PCGS #7178 (MS)     64 #7 MS64 PCGS grade
#7 MS64 PCGS grade
#7 MS64 PCGS grade
Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Coinage Context

Die work: At the Philadelphia Mint in the latter part of 1886 or early 1887, when 1887-dated dies were being prepared, a number of 1886 dies were partially resurfaced and then punched with 1887 dates, creating overdates now known among 1887 and 1887-O dollars.

Numismatic Information

Background: The 1887/6-O overdate was discovered by professional numismatist Bob Riethe in 1972, a year after Ted F. Clark's discovery of the Philadelphia version. Little attention was paid to the 1887/6-0 in the early years, but beginning with the dissemination of information from the Van Allen-Mallis book, and, more recently, the Fivaz-Stanton guide, interest has increased sharply.

The overdate is not as sharp as the 1887/6 Philadelphia coins, and in later states is very faint and quite difficult to immediately discern. The best advice for the collector is to cherrypick for quality and seek an early die impression.
Probably many regular 1887-O coins await identification as overdates, as the variety has not been widely publicized. However, like its Philadelphia Mint counterpart, it has been listed in the Guide Book for several editions.

Circulated grades: Most known examples of the 1887/6-O are in worn grades, and these are somewhat scarce. As noted, many 1887-O dollars have not been checked for the overdate feature. In addition, this feature may not be discernible on lower grade coins. Probably 7,500 to 15,000 or more worn pieces exist.

Mint State grades: Most Mint State coins are in lower grades such as MS-60, MS-61, and MS-62, and are average or below average strikes. Probably at least 1,000 survive at this plateau. A group of 400 Mint State coins, nearly all of which were in lower levels of preservation, surfaced at the 1977 American Numismatic Association convention in Atlanta, Georgia. Probably most of these are widely dispersed today. At the MS-63 position I estimate that 300 to 600 remain, a population which drops precipitously to just 60 to 120 in MS-64 and to possibly none (but in any event surely not more than 10) in MS-65 or better condition. As more and more Mint State 1887-O dollars are examined for the overdate feature, the true rarity will become more evident.

The PCGS tour of silver dollars, which took place in 1990 and 1991 and which featured some of the finest certified coins, borrowed from various collections, had an 1887/6-O in just MS-64 grade, one of the very few coins in the exhibit in less than MS-65 preservation.

Varieties

Circulation strikes:

1. 1887/6-O overdate: Breen-5597, VAM-3. Usually AU or worse; Uncirculateds are mostly mediocre or worse. I have heard of no prooflikes. The 1886 date was from the Even 6 logotype.

Dies prepared: Obverse: At least 1; Reverse: At least 1.

Circulation strike mintage: Unknown part of 1887-O.

Estimated quantity melted: Unknown

Availability of prooflike coins: None reported. Characteristics of striking: Usually average or below average in sharpness
Known hoards of Mint State coins: The group of 400 was sold sold at the 1977 ANA convention and, possibly, was part of the 1962-1964 Treasury distribution of 1887-O dollars.

Commentary

This variety was not known to collectors until 1972. Last 0 mint overdate dollar.