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This extremely rare branch-mint Morgan dollar proof is perhaps the rarest of all proof Morgans and has an interesting story to tell. It is believed just 12 were minted on February 20, 1879, to commemorate the reopening of the New Orleans Mint following its closure in 1861 at the onset of the Civil War. These O-mint proofs are unknown by a large number of numismatists, and far fewer collectors have even seen one. On the rare occasion they are offered for sale, they inspire great attention in the numismatic media and also command strong bids. One PCGS-grade PR64 specimen realized an outstanding $184,000 at a March 2010 Stack’s-Bowers auction.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Catalog Information
GSID:
7883
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1879
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Proof
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1879-O
Denomination:
$1
Designation:
PR
Mint Location:
New Orleans
Mint Mark:
O
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7345
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Coin Value History
1879-O $1 PR BM
Currency
Grade Range
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Values
Greysheet & CPG® Values
Morgan Dollar $1 1878-1921 PR [Type]
Worth: $960 – $150,000
1878 7TF $1 Reverse of 1878 PR
Worth: $3,300 – $70,000
1878 7TF $1 Reverse of 1879 PR
Worth: $22,000 – $144,000
1878 8TF $1 PR
Worth: $1,320 – $39,600
1878 8TF $1 Presentation Piece, First Die Pair, VAM-9 SP
1878-S $1 Specimen Strike, VAM-58 SP
Worth: $220,000 – $264,000
1878-S $1 Specimen Strike, Long Knock, VAM-60 SP
Worth: $220,000 – $264,000
1879 $1 PR
Worth: $1,200 – $12,500
1880 $1 PR
Worth: $1,200 – $150,000
1881 $1 PR
Worth: $1,200 – $33,000
1881-O $1 PR BM
Worth: $660,000 – $660,000
1882 $1 PR
Worth: $1,200 – $30,000
1883 $1 PR
Worth: $1,200 – $32,000
1883-O $1 PR BM
Worth: $200,000 – $240,000
1884 $1 PR
Worth: $1,200 – $12,500
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