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Lot
4261

1895 $1 PR63 PCGS....

2012 September 6-9 US Coins Signature Auction- Long Beach #1174

 
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Auction Ended On: Sep 7, 2012
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
1,848 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
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1895 Dollar, PR63
Proof-Only Date, Only 880 Pieces Struck
1895 $1 PR63 PCGS. The saying goes in numismatics to "buy the keys first," and collectors of circulation-strike Morgan dollars eagerly pursue the 1889-CC, the 1893-S, and other issues that are conditionally rare, such as the 1886-O, 1896-O, 1884-S, and 1901 Philadelphia. But for the 1895 Morgan dollar, the choice is rather more stark: either leave a gaping hole in the collection for the nonexistent business strikes, or purchase one of the few proofs made, most of which likely survive to this day. The 1895 Morgan dollar proof, in and of itself, is neither more rare nor less rare than any other proof in the series -- although any Gem proof or finer, regardless of date, is a condition rarity. Rather, it is the absence of business strikes, combined with legions of collectors of this series, that makes the demand for the proof 1895 dollar so extraordinary.
While we have no hard data to back this up, it would be surprising to us if the Morgan dollar were not America's most popular coin to collectors. It is certainly avidly pursued in all grades. This piece strikes a nice balance for the collector of this popular series. A few light hairlines account for the PR63 grade, but there are none of the contact marks usually seen on proofs in this grade. The surfaces cannot be termed brilliant, but they are not far from it. Just the lightest hint of speckled brown patina is seen over each side and is just marginally deeper around the margins. The fields are deeply reflective and, with a little imagination, modest contrast can be seen between the fields and devices.(Registry values: N7079) (NGC ID# 27ZR, PCGS# 7330)

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