1888-O $1 VAM 1B Scarface MS62+ Certification #36295109, PCGS #133918
The 1888-O VAM 1B "Scarface" variety is one of the most obvious, desirable, and valuable of all Morgan Dollar varieties. There was not question that this would be (and is) a Top 100 variety. However, there is a caveat that accompanies this variety. The "Scarface" is a late to terminal state of a die crack that begins at the dot separating the E from PLURIBUS and grows to include Liberty's face from her nose to the lower hair curls. The value of the "Scarface" variety is dependent on the size of the crack. Early states, where Liberty's face is not involved are not considered to be true "Scarface" varieties or, at least, they do not command the high price of the true "Scarface:" variety. Presumably, there is a price scale that starts at the low end with the early states and ends at the high end with the late and terminal states. If your coin matches the image above, you have a true "Scarface" variety; if not, be sure to check the validity (and value) of your coin with a VAM expert.