This is what an original AU+ '86-O looks like, before the coin doctors get to it.  Smoky yellow-gray surfaces with the soft "fuzzy" luster common to the date, due to improper die spacing when struck (per Bowers).  The luster does not show up well in my images due to the color, however it is there. This example is reasonably well struck, certainly not a "pancake", with reasonable definition in the hair over Liberty's ear.  The Eagle's breast as usual is a bit blunt.  No huge rarity to be sure, however a wholesome original example.  Finding an original, uncleaned AU 1886-O is tough enough to make it a reasonable challenge - since a processed "Choice AU" is typically sold at over $300.  For reference, some coins that in my opinion grade "crap" are being offering in PCGS holders at $265 currently (Oct. 2026).  Individual images of this coin provided were taken prior to submission. 

CACG 572433266