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1884 $1 PR68 Ultra Cameo NGC....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1884 Silver Dollar, PR68 Ultra Cameo
Outstanding Technically and Aesthetically
1884 $1 PR68 Ultra Cameo NGC. Even despite the nominal-for-the-era mintage of 875 Morgan dollar proofs for the 1884, few survivors of the issue can even approach the grade of this stunning PR68 Ultra Cameo example. The average grade of all unimpaired Ultra and Deep Cameo examples certified at NGC and PCGS combined -- three at NGC (all in PR68, including one PR68 ), three others at PCGS (one each in PR65, PR66, and PR67) -- is PR67. For Cameo examples -- a much-larger population, nearly 120 grading events -- the average grade is PR64.4. And for non-Cameo survivors of the 1884 -- which comprises the vast majority of those in existence today -- the average grade is about a PR64 piece.

Simply put, this coin is one of the three finest survivors in terms of numerical grade, and only the aforementioned PR68 NGC coin outshines this piece -- by just a hair.

But this coin's aesthetic resume is every bit as outstanding as its technical qualities. The surfaces are completely untoned throughout both sides -- save for a tiny touch of pinkish color under the eagle's left (facing) wing -- and even diligent searching with a loupe reveals no mentionable hairlines or other minor distractions that so often plague the early Morgan dollar proofs. The looking-glass fields turn to jet-black when the coin is rotated under a light, and thick, lavish mint frost coats the devices front and back. The strike appears full throughout both sides as well, most notably on the hair above Liberty's ear and all of the eagle's breast and wing feathers.
As required of the numeric grade, there are no mentionable signs of contact, but for pedigree purposes we note a tiny spot of smoke-gray in the center of Liberty's cheek. An extraordinary example, both technically and aesthetically, of this early Morgan proof issue. Census: 3 in 68 (1 in 68 ) Ultra Cameo, 0 finer (6/13).
From The Greensboro Collection, Part IV.(Registry values: N7079) (PCGS# 97319)

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