Learn About The 1879-O Proof Morgan Silver Dollar Rare Coin Directly At Rare-Coin.org
February 23, 2010 – While the Morgan Silver Dollar is very common, the branch mint proof pieces are extremely rare coins, with many investors and numismatics never having seen one. While there are a number of Class V branch mint proofs that are alleged to exist, there are four Class I dates that according to author Wayne Miller are “authorized, definite branch mint proofs. These are the…dates for which proofs were authorized and subsequently issued.” One of these four branch mint proof Morgan Silver Dollars is the 1879-O.
The 1879-O was minted in New Orleans and is considered by many to be the best known of these mint proofs. One of the best documented old coins ever, a small number of these dollars were made to commemorate the reopening of the New Orleans Mint after the Civil War. According to records, only 12 of the coins were struck on February 20, 1879; of those 12 only 4 are known to be in existence today.
Of the remaining coins, the best examples are rated PCGS-65, giving the coin the quality, rarity and historical significance necessary to be a valuable investor’s coin. These rare coins are listed in the PCGS Price Guide at an impressive $175,000.
Valuable pieces such as these provide proof of the long-term investment that certified coins represent. Investors who are looking for coins that have value which will likely increase over time should deal with rare coin exchanges. Exchanges typically have access to coins such as the 1879-O Proof Morgan Silver Dollar and others that exhibit the quality and desirability necessary in collector’s coins.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
