1901-O $1 Morgan Dollar ANACS EF40 Details- Cleaned

Grade and Condition:

• EF40 (Extremely Fine 40) indicates that the coin shows moderate wear but still retains much of its original details. The coin would have worn down through circulation, but features like Lady Liberty’s hair and the eagle’s feathers would still be distinguishable. However, in this case, the coin is also marked as “Cleaned”, meaning that at some point in the past, the coin was cleaned, likely to remove tarnish, dirt, or other marks.
• Cleaning a coin removes its natural patina and can leave noticeable abrasions, scratches, or a dull appearance, which significantly reduces its numismatic value. This is why coins labeled as “cleaned” typically carry a lower price than coins in their original, unaltered condition.

Mintmark and Rarity:

• The 1901-O Morgan Dollar was minted in New Orleans (denoted by the “O” mintmark) and had a mintage of about 3.7 million coins. While not as rare as some other years in the Morgan series, the 1901-O is still considered a key date within the series, especially for collectors who focus on mintmarks or specific years.

Design:

• The obverse features Lady Liberty wearing a coronet inscribed with the word “LIBERTY,” while the reverse displays an eagle with wings spread, holding arrows and an olive branch. The Morgan Dollar design is iconic and represents the ideals of strength and freedom, which makes it a popular coin for collectors.

Market Appeal:

• Due to its cleaned designation, this coin’s value is significantly reduced compared to a non-cleaned, higher-grade example. Coins that have been cleaned are generally less desirable to collectors because they lack the natural surface characteristics that make coins more attractive and valuable in the eyes of numismatists.
• The EF40 grade itself is decent, but with the cleaned designation, this coin would appeal mostly to collectors who are focusing on completing a set of Morgan Dollars, or those who are looking for a more affordable option, even if the coin has been altered.

Value:

• As a cleaned coin, the value of this 1901-O Morgan Dollar is considerably lower than a similar example that hasn’t been cleaned. EF40 coins in original condition are often worth more, but this cleaned version would be priced lower due to the impact of the cleaning.

Silver Content:

• Like all Morgan Dollars, the 1901-O contains 90% silver, so its intrinsic value is linked to the price of silver. The cleaning does not affect the metal content, but it does lower the overall appeal of the coin as a collectible piece.

Conclusion:

The 1901-O $1 Morgan Dollar ANACS EF40 Details – For collectors looking for a more affordable option or those completing a set, this coin may be a good fit.