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Lot
7357

1882 $1 PR68 Cameo PCGS. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 10 Internet/mail/phone bidders Number of Bidders
998 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
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1882 Morgan Dollar, Incredibly Toned PR68 Cameo
Single Finest Cameo, Numerically Finest at PCGS
1882 $1 PR68 Cameo PCGS. CAC. Ex: JFS Collection. The mintage figure for 1882 proof Morgan dollars was an unextraordinary 1,100 coins, a typical production total for the era, even if slightly on the high side. Despite that generous quantity, however, time and attrition have apparently taken their toll on the issue as a whole. The vast majority of the examples certified at PCGS, whether Cameo or non-Cameo, cluster in the grade range from PR62 to PR64. Even non-Cameo Gem proofs are considerably scarcer than might be thought, a level at which PCGS has seen only 27 submissions. Gem Cameo coins number 10 submissions at PCGS, including one Plus-graded coin, and there are only six Cameo coins finer: two in PR66, three in PR67, and the present PR68 Cameo, the single finest Cameo at that service (6/11). The finest Deep Cameos of the issue at PCGS are four submissions, three in PR66 and one PR66+.
The JFS Collection was an especially memorable collection, a treasure trove of high-end coins that was especially rich in beautifully toned silver commemorative coins (while also comprising numerous other coin series) -- otherwise known as "killer commems." A search though our Permanent Auction Archives for "JFS Collection" in our Pittsburgh Signature auction #352 (Heritage, 8/2004), will reveal the entire scope of that offering.
We now have the pleasure of handling numerous lovely proof Morgan dollars with equally memorable toning. The present offering is one impressive example. Alternating concentric rings of golden-russet and pale blue on each side surround near-brilliant centers. While the Cameo designation is well-merited, it is the incredible patina that is the star attraction here.
From The Paul Taylor Collection of Proof Morgan Dollars.(Registry values: N7079) (PCGS# 87317)

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