1895 $1 PR63 PCGS....

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Royal 1895 Morgan Dollar, PR63

1895 $1 PR63 PCGS. Often called the "King of Morgan Dollars," the 1895 Morgan silver dollar is a proof-only issue that deserves a place in the royalty of American numismatics. The mintage of 880 proofs was high enough that collectors have an opportunity to own one, but low enough to ensure its status as a classic numismatic rarity. It ranks number 66 in Jeff Garrett's book, 100 Greatest U.S. Coins.
Although 12,000 business strike 1895 Morgan dollars are recorded in Mint records, no examples are known to exist. If they did exist, they were immediately melted, or they remain hidden away as a group. More likely, the 12,000 coins were dated 1894, or perhaps the entry was merely an accounting correction.
Collectors must choose a proof, or compete for one of the few circulated proofs. Garrett writes: "Because of the great demand for this date, prices for 1895 silver dollars are considerably higher than for proofs of other dates of comparable mintage. ... Such is the price of popularity!"
Production of the proof dollars took place at four different times throughout the year. Monthly delivery records show that 290 were coined in March, 180 in May, 90 in September, and 320 in December. A single proof was delivered to the Assay Commission for testing at the annual meeting held in February 1896. Had 1895 business strikes been coined, one or more of those would also have been set aside for assaying.
This gorgeous PR63 example has attractive deep gray surfaces with natural gold, lilac, and blue toning on each side. A few tiny hairlines and contact marks are evident, but the overall eye appeal is equal to a higher grade.
From the Fern E. Wagner Trust.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 27ZR, PCGS# 7330, GSID# 7841)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 880

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