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1880 $1 PR68 Cameo PCGS....

Lot: 2723, Auction: 2008 May Long Beach, CA Signature Auction #1108

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Ended: May 29, 2008
Item Activity: 7 Internet/mail bidders
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Description:

Spectacular PR68 Cameo 1880 Morgan Dollar
Ex: JFS Collection

1880 $1 PR68 Cameo PCGS. Ex: JFS Collection. In 1880, all of the Philadelphia Mint silver dollars featured the Slanted Arrow Feather reverse, also called Type of 1879. Only in Carson City were some of these coins produced with the older reverse of 1878, featuring the parallel arrow feathers. Total production of proofs was 1,355 coins during the year. In the Morgan Dollar Red Book, author Dave Bowers said this regarding the proofs of this issue: "The majority of coins have been cleaned (so, what else is new?). In case you wonder, this is why pristine, lightly toned, beautiful specimens from old-time collections trample price records in the dust." This example is the beautiful, pristine, and lightly toned specimen, meeting the words that Dave wrote. The mintage of this issue was higher than any other proof Morgan Dollar of the series, although most of the survivors today have been cleaned and are apt to grade no better than Proof 60 to Proof 63.
The following quote is from a dealer who handled a broad spectrum of American coinage: "The collecting of the issues of U.S. silver has largely increased of late and we would recommend to any of our readers who have not done so already to commence at once as the finest pieces are being rapidly picked up and must necessarily increase in price before a very long time has elapsed. No collection presents a more attractive appearance than a line of fine silver ending in the latter years with the mirrorlike surface of the Mint Proof pieces." This quote, which sounds like it could have been written at any time in the past decade, was actually written in 1880 by Charles Steigerwalt in September of that year.(Registry values: N7079) (#87315)

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Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 394, Lot 3359 Saturday, January 7, 2006 68 PCGS $27,600.00
Auction 1124, Lot 2634 Sunday, May 3, 2009 68 NGC $19,550.00
Auction 422, Lot 1131 Saturday, January 6, 2007 68 NGC $23,000.00
Auction 388, Lot 2335 Saturday, November 5, 2005 68 NGC $25,300.00
Auction 388, Lot 2334 Saturday, November 5, 2005 68 NGC $20,700.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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