The 1901 Morgan dollar is on the short list of the most elusive Morgan dollars in the higher Mint State grades, a list that would include other condition rarities such as the 1896-O and 1886-O. While the 1893-S is a foundational rarity -- rare in all grades in the context of the series -- the 1901, 1886-O, and 1896-O are issues that typically only pose a challenge for collectors of high-grade Mint State coins.
The 1901 also suffered in the past from the common misperception that P-mint coins, given their generally higher mintages, are less rare than branch mint coinage. The truth is far more complex, however.
Most 1901s likely circulated when they were issued, and those that did not were probably melted under terms of the Pittman Act of 1918.
In addition, many past offerings for Uncirculated coins were for pieces that today would grade AU at best.
As a result of all those factors, it was only in the 1960s and afterward that true Mint State 1901s began to receive the recognition they were due.
Listed at $13,900 and $13,500 in the CDN CPG and PCGS price guide, respectively.
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With the exception of Bullion Items, Eastern Numismatics offers a 30-day unconditional return guarantee covering our Numismatic and Collectible Items. Returned items must be received at ENI within 30-days of their delivery to the client for this guarantee to be in effect. Items must be sent to: ENI, 642 Franklin Avenue, Garden City NY 11530 Attn: Returns.
Let our four decades of honest service and industry networks work for you. Our efforts to improve product quality and service has led us to a diverse and exeptional numismatic inventory in order to meet the challenges of today’s rare coin market and the needs of our clients. We have been servicing investors and collectors since 1974 and are members of all major consumer and trade organizations, including the American Numismatic Association, the Better Business Bureau, the Professional Numismatists Guild. At Eastern Numismatics we are ready to work for you and help turn your rare coin investment into gold. Call today and speak with one of our qualified ENI coin consultants. They will help you select the best quality rare coins and precious metals for your hard earned money.
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