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1894 $1 MS64 Deep Mirror Prooflike NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

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Auction Ended On: Feb 6, 2009
Item Activity: 12 Internet/mail/phone bidders
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Long Beach, CA

Extremely Rare Deep Mirror Prooflike 1894 Dollar, MS64
1894 $1 MS64 Deep Mirror Prooflike NGC. This is a remarkable specimen that is one of just two 1894 Morgan dollars certified as MS64 Deep Mirror Prooflike: one coin at PCGS and this piece at NGC. None are graded any higher, at either company, and a scant total of five examples are certified as DMPL at the two services combined, as of (12/08). Obviously, this issue is unusually rare with Prooflike or Deep Mirror Prooflike reflectivity in the fields. In his 1982 Morgan and Peace Dollar Textbook, Wayne Miller said: "The author has seen only three fully prooflike 1894-P dollars." He also noted that two of those three coins had "deep" and "prominent" scrape marks on the eagle's breast area; a feature that is not evident on the present example. Miller stated that the third prooflike piece known to him had been sold in a 1979 Paramount auction for $36,000, and that: "It is by far the finest known 1894-P prooflike dollar, with deep mirror surfaces, minimum abrasions, and full strike. The coin is toned a mellow light brown."
Apparently, the present offering represents a coin that was unknown to Miller, since it is untoned and lacks a deep or prominent abrasion (or any blemish at all, for that matter) on the eagle's breast. The design elements are very sharply struck, and only the hair detail directly above Liberty's ear reveals a whisper of incompleteness. Surface marks are minimal for the grade, and there are just the faintest hairlines in the fields and a handful of wispy slide marks across the cheek that keep this lovely piece from a Gem grade.
Any specialist in the series will be excited by the appearance of this conditionally rare example, especially those who seek to complete a set of Deep Mirror Prooflike Morgan dollars.(Registry values: P8, N7079) (NGC ID# 255V, PCGS# 97229)

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