Click to enlargeJ1565/P1732

A muling of Morgan's obverse from J1550A-J1550B/P1725-P1726 with a raised "M" on Liberty's neck combined with the reverse of J1554-J1555/P1733-P1734.

The following 5 examples are confirmed:

1) Maris, Garrett-JHU, B/R Garrett II sale, Heifetz-Superior 10/89, Heritage 7/07 (withdrawn), Heritage 2007 ANA - PCGS65RB

2) Auction 85, Queller-Heritage 1/09 - NGC65RED

3) Judd, Kosoff 10/68-10/71, Bass-HWBRF, B/M 5/99, B/M 1/00 - PCGS65RED

4) 89 ANA, Superior 1/90, Auction 90, Marin (Don Kagin and Andy Lustig), B/M 8/98, Heritage 1/99 FPL, Superior 6/99, Heritage 7/07 - PCGS65RED

5) Heritage 4/17, Heritage 9/17 - NGC67BN

Image courtesy of Bowers and Merena.