This is a super rare 1901 Philadelphia minted Morgan Dollar graded choice MS64 by NGC. This is a very handsome Morgan -- very well-struck smooth fields and lots of eye-appeal. The surfaces are blemish-free and have a wonderful velvety appearance with a soft-plum hue that excentuates the beauty of this Morgan dollar. A very pristine cartwheel shine simmers from the original mint luster of this PQ specimen. Truly, this is a very choice silver piece makes a fantastic addition to any collection.
Though over 6 million Morgan Dollars were produced at the Philadelphia mintage in 1901, very few high-end specimens remain. Most were lost to circulation or melted down in the massive bullion melts of the 1930s. This Morgan is one of the finest 17 surviving examples of this mintage to be graded by NGC. Note that only 3 1901-P Morgans have been graded higher than this one by NGC (all at MS65)!
Coin World Trends currently shows a value of $60,000 for the 1901-P Morgan Dollar in CHOICE MS64 grade. Compare this to the whopping $300,000 price tag of the MS65, and you'll understand what makes the MS64 such a shrewd investment.
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