LOT #1796 |
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1895 $1 PR63 ANACS....
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Sold on Jul 12, 2007 for:
$34,500.00
Bid Source: Internet bidder
Description
Richly Toned PR63 1895 Morgan Dollar
1895 $1 PR63 ANACS. Controversy has raged for many years now over whether business-strike Morgan dollars were produced. Whether we wish it or not, generations of Morgan dollar collectors have grown up believing that there were business strikes coined, and millions of coin albums of one sort or another include the 1895 Philadelphia issue alongside other specialties such as the 1893-S, 1893-CC, and the 1894-P issues. It is likely these, as well as a multitude of other factors, that lead legions of collectors to pursue choice examples of the 1895 proof Morgan. Q. David Bowers' silver dollar Red Book (2004) asserts that no business strikes were produced, and that when Morgan silver dollars were presented in 1895 to the Assay Commission, "a single Proof coin" represented the emission.More recently, however, Roger Burdette, in the July 3, 2006 Coin Values supplement to Coin World, takes a different tack to explain the accounting entry of 12,000 business strikes. He rejects the notion espoused by some (including Bowers) that the pieces were of "earlier date." Using various Mint records--most tellingly Engraver Charles Barber's report concerning the number of dies used for circulation-strike and proof coinage, which shows that five obverse and four reverse dies were used for silver dollar coinage, although Barber fails to specify exactly what uses the dies were put to--Burdette demonstrates his (well documented) belief that 12,000 business strikes were indeed produced. Burdette shows that six circulation examples and four proofs were provided to the Assay Commission, plus two "special assay" coins that were presumably destroyed. Burdette posits that the circulation strikes were likely melted under Pittman Act, or perhaps during the silver runup of the 1970s--although random examples could still exist today.
Suffice it to say that no documented business-strike Morgan dollar has ever surfaced, and it appears unlikely that one ever will. This 1895 dollar is deeply toned on each side and this depth of color does much to conceal the underlying hairlines that account for the PR63 grade. Other than the brightness from cleaning, there are no nicks or scratches that need to be mentioned. (Registry values: N7079)
Coin Index Numbers: (NGC ID# 27ZR, PCGS# 7330, GSID# 7841)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 880
Auction Info
2007 Summer F.U.N. (July, West Palm Beach, FL) Signature Coin Auction #442 (go to Auction Home page)
Auction Dates
July, 2007
12th-13th
Thursday-Friday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 814
Buyer's Premium per Lot:
15% of the successful bid per lot.
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