I sold an Anacs Ms-62 in Jan.2008 for $1050,I believe the coin was a true mint state example,but beware that an 1886-O is fairly common in AU and can be had for a couple hundred in Pcgs 58.
Careful with raw 1886-O Morgans. ANACS isn't raw for sure, but with condition rarity dates, it might as well be in some circles.
This is a condition rarity date in mint state. Don't grade it like an 1886-P or 1884-O or other widget-date Morgans -- because the TPGs won't, either. A coin that would easily be slabbed as 62 or 63 in a "widget" date is probably more likely than not to come back in an AU-58 holder.
So unless you are really, really, *really* sure (did I say really sure?), I'd be very hesitant to throw more than AU-58 money at a raw, possibly mint state Morgan in one of the condition rarity dates such as '86-O. And in the case of an ANACS coin, I'm not sure I'd be that much more generous -- for this specific date. PCGS and NGC are notoriously tight on the condition rarity dates.
Comments
This is a condition rarity date in mint state. Don't grade it like an 1886-P or 1884-O or other widget-date Morgans -- because the TPGs won't, either. A coin that would easily be slabbed as 62 or 63 in a "widget" date is probably more likely than not to come back in an AU-58 holder.
So unless you are really, really, *really* sure (did I say really sure?), I'd be very hesitant to throw more than AU-58 money at a raw, possibly mint state Morgan in one of the condition rarity dates such as '86-O. And in the case of an ANACS coin, I'm not sure I'd be that much more generous -- for this specific date. PCGS and NGC are notoriously tight on the condition rarity dates.