1895 S$1 PR67 Cameo NGC....

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Sold on Jan 12, 2005 for:

$69,000.00 Bid Source: Internet bidder

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Amazing 1895 Superb Cameo Proof Morgan Dollar

1895 $1 PR67 Cameo NGC. Ex: South Beach Collection. The Philadelphia mint coined 12,000 business strike Morgan Dollars in 1895--at least that's what the official government records say. To date, collectors have failed to confirm the existence of a single business strike 1895-P Morgan Dollar. Although well known to specialists, we repeat here two of the more popular theories surrounding this phantasmal business strike issue:
1. The 12,000 coins reported in the Philadelphia mint ledger could have represented the last of the 1894-dated coins delivered to the chief coiner.
2. Twelve bags of business strike 1895 Dollars could have been produced, yet retained in federal vaults until they were destroyed after passage of the Pittman Act in 1918.
Perhaps we will never know whether or not the Philadelphia mint produced business strike Dollars in 1895, or, if it did, what happened to the coins. What we do know for certain is that Morgan Dollar specialists will need to acquire a survivor of the 880-pieces proof production in order to have a representative of the 1895-P.
Among the finest specimens that we have offered in recent years, this Superb Gem displays delicate champagne rim accents around otherwise untoned features. The glassy fields and boldly impressed devices are equally free of grade-limiting blemishes. Noticeable contrast is evident on both sides and this factor easily warrants a Cameo designation. We anticipate strong bidder demand for this carefully preserved and appealing proof.
From The South Beach Collection.(#87330) (Registry values: N10218)

Coin Index Numbers: (NGC ID# 27ZR, PCGS# 87330, GSID# 7842)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz

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