Discovered by Francis Klaes, June 1963.

This coin is a Top 100 and a WOW! Morgan VAM.

4 III2 3 C3a (Doubled Head) (181) I-5 R-5
Obverse III2 3 - Doubled Liberty head variety with two complete sets of lips, chin and nose clearly visible. Hair is filled and also lower parts of ERT in LIBERTY. The wheat and cotton leaves above LIBERTY are doubled strongly to the right.
Reverse C3a - Centered circular medium III O mint mark with wide opening, centered and upright.

Comments:
1- 1888-O VAM-4 "Hot lips". Exciting doubled die with two clearly defined set of lips, chins and noses. A faint second eyelid can also be seen. Very hard to find in high grade AU and ultra rare in MS.
2- Consumer advisory: Hot Lips is desirable and collectible, but it is not super rare in lower circulated grades.
One of the more interesting VAM projects ever undertaken is Ash Harrison's grading set of Hot Lips. He has examples in every grade from PO1 through MS61! It was a truly impressive sight when he showed them at a Society of Silver Dollar Collectors meeting!
3- LDS Specimens show minor Rim Cuds around perimeter of coin; multiple submittals for a new listing were denied by LVA
4- Additional photos of a couple of really cool V4 low balls

No LVA Plate Photo:

Additional photos:
1888-O-V4-HL-MHI-comps5.JPG

LDS specimen by D.Carr
dc_hot_lips_mouth.jpg

LDS Specimens from Comment # 3 above. Presented by DCarr
dc_hot_lips_obv.jpg
dc_hot_lips_rev.jpg

Ex: Leroy Van Allen 1888-O VAM-4 PCGS MS60DMPL, Heritage Sale $25,300 Leroy Van Allen Sale April, 2008
1888-O_RonH_VAM-4_OBV.jpg
1888-O_RonH_VAM-4_REV_LVA.jpg

1888_O_V4HOTL_HERMHI6342OBV-crop.jpg
1888_O_V4HOTL_HERMHI6342REV-crop.jpg


Price History:
1888-O VAM-4 NGC MS61, Private Sale $13,000, July 2007 (coin had 5 AU58 PCGS tags, 2 AU58 ANACS tags, 1 MS61 ANACS tag, and 1 AU58 SEGS tags) After 3 consecutive minor conservations and 3 trips to PCGS, the coin made PCGS MS61. 2nd known and top of pop. Offer of $35,000 turned down after making grade. This coin was a lock for Mint State and the toning on the coin made it "look" like it had rub. Not so. This is a case of being persistent when you KNOW the coin is right.
1888-O VAM-4 PCGS MS60DMPL, Heritage Sale $25,300 Leroy Van Allen Sale April, 2008
1888-O VAM-4 PCGS AU58 Private Treaty, $11,500 June 2006
1888-O VAM-4 PCGS AU58 Private Treaty, $11,000 May 2006
1888-O VAM-4 PCGS AU58 Heritage Sale 358, Lot 10134 $8912 November 6, 2004
1888-O VAM-4 NGC AU55 $2075 eBay Item 8435100324 June 22, 2006
1888-O VAM-4 PCGS AU55 $2994 Heritage Sale 394, Lot 6660 January 7, 2006
1888-O VAM-4 PCGS AU55 $2760 Heritage Sale 380, Lot 6064 June 30, 2005
1888-O VAM-4 PCGS AU53 $2070 Heritage Sale 388, Lot 3327November 5, 2005
1888-O VAM-4 ANACS AU53 $1100.00 EBAY SALE November 12, 2011
1888-O VAM-4 PCGS AU50 $760.01 eBay Mar 27, 2010
1888-O VAM-4 PCGS XF45 $500 eBay 03/07/2010
1888-O VAM-4 PCGS AU50 $900 private sale R Joyce Feb 20, 2007
1888-O VAM-4 PCGS AU50 $829 eBay Feb 08, 2007
1888-O VAM-4 PCGS AU50 $805 Heritage Sale 402, Lot 1046 April 7, 2006
1888-O VAM-4 PCGS AU50 $920 Heritage Sale 400, Lot 2045 February 11, 2006
1888-O VAM-4 NGC AU50 $862 Heritage Sale 394, Lot 6654 January 7, 2006
1888-O VAM-4PCGS AU50 $1610 Heritage Sale 384, Lot 5859 September 24, 2005
1888-O VAM-4 PCGS XF45 $366.09 eBay 06/22/2010
1888-O VAM-4 ANACS XF45 $338.55 eBay 09/18/2008
1888-O VAM-4 PCGS XF45 $474.95 eBay 09/02/2008
1888-O VAM-4 PCGS XF45 $650 private sale A Harrison March 2008
1888-O VAM-4 PCGS XF45 $675 private sale A Harrison Dec 2007
1888-O VAM-4 PCGS XF45 $650 private sale A Harrison Dec 2007
1888-O VAM-4 PCGS XF45 Teletrade Auction 2308, Lot 1495 $400 Jan 3, 2007
1888-O VAM-4 PCGS XF45 Heritage Sale 409, Lot 8674 $431 June 5, 2006
1888-O VAM-4 ANACS XF40 $187.50 eBay 11/29/2012
1888-O VAM-4 PCGS XF40 $213.50 eBay 10/21/2010
1888-O VAM-4 PCGS VF30 eBay $202.51 January 18, 2010
1888-O VAM-4 PCGS VF30 eBay item 140092889526, $412 March 11, 2007
1888-O VAM-4 PCGS VF25 eBay $123.51 January 29, 2010
1888-O VAM-4 Raw VF (XF by sellers description) $160.37 eBay 07/08/2008
1888-O VAM-4 PCGS VF20 eBay $150 January 25, 2007
1888-O VAM-4 ANACS VF20 eBay $115.25 January 21, 2007
1888-O VAM-4 ANACS VF20 Heritage Sale 26043, Lot 13639 $149 April 18, 2006
1888-O VAM-4 NGC VF20 Heritage Sale 403, Lot 8262 $149 April 18, 2006
1888-O VAM-4 PCGS F12 eBay $91.02 January 13, 2007
1888-O VAM-4 Raw PO 1 Alabama coin show, $5 July 2005
1888-O VAM-4 PCGS PO1 Private treaty, traded a PCGS AU50 VAM-4 for the coin!
1888-O VAM-4 PCGS PO1 Traded for 1878-P VAM 39 NGC MS62

Condition Census:

8/2013
TPG
Variety
Designation
Total
1-3
4-6
8-10
12-15
20-35
40-45
50
53
55
58
60
61
62
63
64
65
66
67
68
69
70
PCGS
VAM-4
MS
473
0
0
60
54
125
89
25
28
38
6
1
1
0
0
0
0
0
0
0
0
0
PCGS
VAM-4
MSDM
1
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
ANACS
VAM-4
MS
1857
3
58
103
113
296
325
94
36
46
15
0
0
0
0
0
0
0
0
0
0
0
ANACS
VAM-4
MSDM
1
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
SEGS
VAM-4
MS

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
ICG
VAM-4
MS

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
VSS
VAM-4
MS

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PCI
VAM-4
MS

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
NGC
VAM-4
MS
683
10
49
56
65
183
170
46
33
49
16
2
3
1
0
0
0
0
0
0
0
0
June 2010
TPG
Variety
Designation
Total
1-3
4-6
8-10
12-15
20-35
40-45
50
53
55
58
60
61
62
63
64
65
66
67
68
69
70
ANACS
VAM-4
MS
761
3
56
99
106
281
317
92
36
36
15
0
0
0
0
0
0
0
0
0
0
0
ANACS
VAM-4
MSDM
1
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
NGC
VAM-4
MS
394
6
22
31
33
107
91
32
15
35
15
2
3
0
0
0
0
0
0
0
0
0
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