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1884 $1 PR68 Ultra Cameo NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Fantastic PR68 Ultra Cameo
1884 Morgan Dollar
1884 $1 PR68 Ultra Cameo NGC. The 1884 is a difficult proof Morgan dollar to evaluate. Even the same author may have divergent opinions at different times in his career. Q. David Bowers, in his early 1990s work Silver Dollars & Trade Dollars of the United States, wrote:

"As might be expected from the mintage of 875 pieces, Proofs are readily available on the market. However, as is also the case with nearly all other early dates of Proof Morgan dollars, many have been cleaned and today are in the lower grade ranges of Proof-60 to 63."


In his third edition of A Guide Book of Morgan Silver Dollars from 2007, on the other hand, he offers a "good strike and deep cameo contrast" as the keys to collecting this date. The two statements are not as mutually exclusive as they may seem at first glance; though he spoke of the many before, he is speaking of the best examples in his later work, coins such as the present piece. The deep contrast that Bowers recommends is a nearly impossible goal, as NGC and PCGS have only certified five 1884 proof Morgan dollars as Ultra or Deep Cameo proofs.
Both sides of this attractive specimen are minimally toned with an effectively black-and-white appearance. Sharply detailed devices have rich and elegant frost, while the fields are immensely reflective. The only disturbance perceptible to the unaided eye is a depression just off the eagle's right (facing) wing. NGC lists just three certification events for Ultra Cameo examples of this issue (11/10); coincidentally, all three were graded PR68 Ultra Cameo. This might suggest resubmission, but not more than one, as a single specimen was granted the Star designation, and while this example is quite the looker, it does not bear the Star.(Registry values: N7079) (PCGS# 97319)

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