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Lot
4408

1893 $1 PR68 Cameo PCGS....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 9 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1893 Morgan Dollar, PR68 Cameo
Among the Series' Most Challenging Dates
1893 $1 PR68 Cameo PCGS. For collectors who have followed proof Morgans over the years, the 1893 is an interesting case study. This issue is best-typified by the following quote from Dave Bowers' 1993 Silver Dollar Encyclopedia:

"The situation of flatly struck Proof coins begun in 1888 -- coins with lightness of strike above Miss Liberty's ear on the obverse and on the eagle's breast feathers on the reverse -- was continued. In 1892 and 1893 dollars the flatness is particularly noticeable; more so than in the earlier years. Often the obverse center is quite flat, and on the reverse the eagle's feathers are missing. The majority of Proof 1893 dollars are flatly struck. The VAM text calls the 1893 dollars 'the most poorly struck Morgan Proofs.' "



That said, a small number of high-quality Cameo 1893 dollars survive. We offered the ex: Simpson PR68 Cameo NGC example in our Long Beach Signature (Heritage, 6/2012), lot 4457, which brought a strong $54,625. This coin is among the elite few well-produced Cameo examples of this challenging date. A bit of strike softness occurs over Liberty's ear on the obverse, but the eagle's feathers appear fully defined. Much mint frost coats the devices, which when coupled with the deep field reflectivity yields a strong two-toned contrast on each side. Both sides show the slightest deepening of the peripheral golden color. Little needs (or can) be said about the technical preservation of the surfaces -- it is nearly perfect -- and strong magnification only confirms the lofty grade. This is the only PR68 Cameo certified by PCGS, and NGC has graded one in PR68 Cameo (mentioned above) and one in PR68 Ultra Cameo. One of the finest examples known of this challenging proof date.
Ex: Long Beach Signature (Heritage, 6/2007), lot 1654, which realized $57,500.
From The Greensboro Collection, Part III.(Registry values: N7079) (PCGS# 87328)

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