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Lot
1903

1894 $1 MS64 Deep Mirror Prooflike NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
Sold for: $17,250.00 (includes BP )
Bid Source: Internet
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You now have the opportunity to acquire very rare items that may not be auctioned again for some time by making an anonymous offer that will make the owner sell. The owner of this item has indicated that they are entertaining offers on this item.
Auction Ended On: Feb 6, 2009
Item Activity: 12 Internet/mail/phone bidders
1,585 page views

Description:

Extremely Rare Deep Mirror Prooflike 1894 Dollar, MS64

1894 $1 MS64 Deep Mirror Prooflike NGC. This is a remarkable specimen that is one of just two 1894 Morgan dollars certified as MS64 Deep Mirror Prooflike: one coin at PCGS and this piece at NGC. None are graded any higher, at either company, and a scant total of five examples are certified as DMPL at the two services combined, as of (12/08). Obviously, this issue is unusually rare with Prooflike or Deep Mirror Prooflike reflectivity in the fields. In his 1982 Morgan and Peace Dollar Textbook, Wayne Miller said: "The author has seen only three fully prooflike 1894-P dollars." He also noted that two of those three coins had "deep" and "prominent" scrape marks on the eagle's breast area; a feature that is not evident on the present example. Miller stated that the third prooflike piece known to him had been sold in a 1979 Paramount auction for $36,000, and that: "It is by far the finest known 1894-P prooflike dollar, with deep mirror surfaces, minimum abrasions, and full strike. The coin is toned a mellow light brown."
Apparently, the present offering represents a coin that was unknown to Miller, since it is untoned and lacks a deep or prominent abrasion (or any blemish at all, for that matter) on the eagle's breast. The design elements are very sharply struck, and only the hair detail directly above Liberty's ear reveals a whisper of incompleteness. Surface marks are minimal for the grade, and there are just the faintest hairlines in the fields and a handful of wispy slide marks across the cheek that keep this lovely piece from a Gem grade.
Any specialist in the series will be excited by the appearance of this conditionally rare example, especially those who seek to complete a set of Deep Mirror Prooflike Morgan dollars.(Registry values: P8, N7079) (#97229)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1114, Lot 2240 Sunday, August 3, 2008 64 NGC $20,700.00
Auction 1121, Lot 5028 Sunday, January 11, 2009 64 PCGS $86,250.00
Auction 360, Lot 30335 Saturday, January 15, 2005 64 PCGS $27,600.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
63 --- $36,880 $29,500 $27,000 $27,500 $20,000 $30,000
64 --- $74,380 $59,500 $45,000 $54,500 $86,000 ---
65 --- $101,880 $81,500 $67,500 $73,500 --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 0  
NGC 64 1 0 2 -
CAC - - - 0 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.

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Morgan Dollars, 1894 $1 MS64 Deep Mirror Prooflike NGC....


Morgan Dollars, 1894 $1 MS64 Deep Mirror Prooflike NGC....


Morgan Dollars, 1894 $1 MS64 Deep Mirror Prooflike NGC....


Morgan Dollars, 1894 $1 MS64 Deep Mirror Prooflike NGC....

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