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Lot
1151

1892-O $1 MS65 Deep Mirror Prooflike PCGS....

2010 June Long Beach, CA Signature US Coin Auction #1140

 
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Auction Ended On: Jun 4, 2010
Item Activity: 12 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Stunning MS65 Deep Mirror Prooflike
1892-O Dollar, Ex: PCGS Tour
1892-O $1 MS65 Deep Mirror Prooflike PCGS. Ex: PCGS Tour. For the knowledgeable Morgan dollar collector, the simple existence of this Deep Mirror Prooflike Gem is astounding. Wayne Miller's The Morgan and Peace Dollar Textbook, a classic that has held up well despite the passage of nearly three decades, proclaims: "The 1892-O is one of the rarest of the Morgan dollars in prooflike condition. Even semi-prooflike specimens are rare."
The book also has a memorable roll-call of the eight prooflike coins the author had seen in 1982, reprinted virtually verbatim by Q. David Bowers a decade later in his Silver Dollars & Trade Dollars of the United States, beginning: "Two were barely mint state, and unattractive. One was well struck, but quite bagmarked and not deeply mirrored. Four were deeply mirrored gray brilliant prooflikes, with very flat strikes." The last coin mentioned was the piece pictured, a well struck coin with not only mirrors, but contrast.
The present Gem, one of just three MS65 Deep Mirror Prooflike examples known to PCGS with none finer (4/10), does not fit into any of the above categories. Certainly as a Gem, it is not "barely Mint State" or "quite bagmarked," yet the definition is characteristically soft, with a broad plain of frost at the hair over Liberty's ear. Nor is the coin strictly brilliant; prominent yellow toning graces the borders, and two flyspecks are noted in the field to the left of Liberty's face. Whatever path this piece may have taken, it was justly recognized by PCGS as one of the finest 1892-O Morgan dollars known, and it still holds that distinction today.(Registry values: P7, N4719) (NGC ID# 255N, PCGS# 97217)

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