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1893 $1 PR68 Cameo NGC. CAC....

2012 May 30- June 3 US Coins Signature Auction- Long Beach #1171

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Auction Ended On: Jun 1, 2012
Item Activity: 9 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802


1893 Morgan Dollar, PR68 Cameo
Rarely Seen With Sharp Details
Finest Certified at NGC
1893 $1 PR68 Cameo NGC. CAC. Only 792 proof Morgan dollars were struck in 1893, and the issue was not one of the best-produced dates of the era. The dies were spaced too far apart in the press and many examples show flat and incomplete details on the centers of both sides. The VAM reference calls the 1893 issue "the most poorly struck Morgan proofs." The coin offered here is an emphatic exception to this rule, with intricate detail evident on the hair strands above Liberty's ear, and sharp definition on the feathers on the eagle's breast. It would be difficult to find a coin with a better strike, even among the proofs of 1898, which were noted for their high quality. The small business-strike mintage of only 378,000 pieces has always put added pressure on the tiny supply of proofs to satisfy demand from quality-conscious collectors.
The present coin is a spectacular piece which boasts extraordinarily colorful toning on both the obverse and reverse. The colors undoubtedly resulted in the Star designation for eye appeal from NGC. The strong russet hues near Liberty's ear fade into a ring of blue and lighter yellow on her head, then fade to darker russet, sea-green and rose closer to the rim. The reverse is perfectly matched and equally colorful. As if this artist's palette wasn't enough, the surfaces of this coin are stunning and superbly preserved as well, with no trace of handling. If you demand vibrantly toned coins, then here is one to examine and add to an advanced collection. The combined NGC and PCGS Population reports show a total of five coins graded this high with Cameo or Ultra/Deep Cameo contrast, and only one has been graded higher in these two designations (4/12).
Ex: San Francisco ANA Signature (Heritage, 7/2005), lot 10299, realized $32,200.(Registry values: N7079) (PCGS# 87328)

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