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Lot
5778

1884-CC $1 PR66 Cameo NGC....

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

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

1884-CC Morgan Dollar, PR66 Cameo
Four Believed Known
Tied for Finest Certified
1884-CC $1 PR66 Cameo NGC. In Wayne Miller's book on Morgan and Peace dollars, he classifies branch mint proofs into five categories. The 1884-CC is a Class III coin, along with the 1881-O and the 1884-O, meaning Miller considered the coins possible branch mint proofs, but he had some doubts about their proof status. However, Miller examined the 1884-CC that he based this evaluation on in 1973, at a time when he admits he was not sufficiently knowledgeable to make a definitive determination. After examining two examples of the 1884-CC branch mint proof dollars in our sales, we believe the 1884-CC should be promoted to Class II strikings, i.e., "unauthorized but definite branch mint proofs," as they display all the diagnostic qualities of these issues.

Very little is known about the origin and purpose for striking the 1884-CC branch mint proof dollar. What we do know is what can be derived from direct observation of the coin itself. The fields are deeply mirrored, the striking details extremely sharp throughout (even though not struck by a hydraulic press), and the rims squared off and crisp. The fields are extraordinarily clean and show several tiny lint marks (visible with strong magnification), which indicates the dies had been wiped with a cloth prior to striking and several pieces of lint adhered to the die from static electricity (a common practice for striking proofs). A small area of heavy die polish is also seen in front of Liberty's eye, indicating special preparation of the die prior to striking. Brilliant throughout, the devices are also heavily frosted which gives the coin a pronounced cameo appearance.

It is believed that four examples of this branch mint proof exist. Only two examples have been certified by the leading grading services, both at NGC, and both in PR66 Cameo (6/13). This offering represents an extremely rare opportunity for the advanced Morgan dollar specialist.

Roster of 1884-CC Branch Mint Proof Morgan Dollars
1. PR66 Cameo NGC. Jack Lee; Morris Silverman Collection (Heritage, 7/2003), lot 8966; the present coin.
2. PR66 Cameo NGC. Jack Lee; Jack Lee Estate Collection (Heritage, 1/2009), lot 5084; Los Angeles Signature (Heritage, 7/2009), lot 1187; Houston Signature (Heritage, 12/2009), lot 1145.

Other Appearances
A. Brilliant Proof. Fine Greek, Foreign and United States Coins (S.H. & H. Chapman, 6/1889), lot 252.
B. Proof. R.C.W. Brock; University of Pennsylvania; Joseph C. Rovensky Collection (B. Max Mehl, 11/1954), lot 125; Art Kagin, authenticated by Walter Breen in the 1970s.
C. Proof. Chicago Sale (David Akers and RARCOA, 8/1991).
D. PR65. A specimen offered for $30,000 at the 1992 ANA Convention with a letter of authentication from Walter Breen dated May 10, 1991.
From The Greensboro Collection, Part IV.

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