Ron Guth:
Akers' assessment of the 1897-O Half Dollar has turned out to be correct: it is, indeed, a scarce date overall, but in Mint State it simply blends in with a number of other dates that have similar population profiles. It is certainly not the great rarity that the small mintage might suggest. In fact, it is one of the few dates in the series where an MS68 example represents the top end of the Condition Census. In this case, the sole PCGS MS68 is an absolutely spectacular coin that was called "possibly a presentation strike, or branch mint proof" when it appeared in 1997 as part of the famed Louis Eliasberg Collection. On the other hand, it's NGC MS68 counterpart is fully frosted and has a completely different "look." In lower Mint State grades, collectors have their choice pof approximately four dozen examples in a range of grades from MS61 to MS67. The 1897-O Half Dollar is usually struck well.