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Lot
7386

1893-CC $1 PR64 Cameo PCGS. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 8 Internet/mail/phone bidders
2,574 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1893-CC Branch Mint Proof Morgan Dollar, PR64 Cameo
Later Striking and a Previously Unknown Coin
1893-CC $1 PR64 Cameo PCGS. CAC. Over the years we have seen perhaps half a dozen branch mint proof 1893-CC dollars. In 1995 the characteristics of these pieces were published in a Coin World article, along with the characteristics of seven other branch mint proof dollars from the Anita Maxwell Trust.
When this coin is compared to the notes taken at that time, it is apparent that this piece is a later striking. This is evident from the lack or diminished lumps of die rust noted on the Maxwell coin, as well as other proof 1893-CC dollars seen since. Additional evidence of the lateness of the strike is seen from the extensive die cracking around the obverse periphery. Initially die cracks were noted as only extending from stars 2-3, 5-7 and 8-11. On this piece, however, the initial crack begins faintly on the inside of star 1 and extends through all the stars and letters through the R in PLURIBUS; another faint crack then starts from the left of the B through the top of that letter and ends in the denticles between B and I. In addition to the expected crack through stars 8-11, another crack begins in the denticles between stars 9-10 and terminates at star 11. The reverse cracks are the same as noted in the 1995 article.
It is not known for certain how many proof 1893-CC dollars were struck or exist today. Allegedly Wayte Raymond stated that a dozen were produced, but there is no documentation to support this claim. That number would seem to be a reasonable estimate of the number struck, but may be slightly high in terms of the number extant when one examines the coins offered at public auctions over the past 15 years.
The surfaces on this piece are brilliant throughout. One of the known examples shows pronounced roller marks over Liberty's ear. On this piece, strong magnification reveals just the faintest trace of roller marks. By way of an identifier for pedigree purposes, there is a small, double checked planchet lamination in the reverse field to the right of the eagle's right (facing) wing. As PCGS indicates, the devices and fields are noticeably contrasted on each side. It is a rare occurrence when a branch mint proof dollar is available for purchase. The astute collector will recognize this as a major collecting opportunity. Population: 2 in 64, 3 finer (6/11).(Registry values: P8) (NGC ID# 27ZP, PCGS# 7347)

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