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3322

1895 $1 PR63+ PCGS. CAC....

2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach #1209

 
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Auction Ended On: Sep 4, 2014
Item Activity: 14 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1895 Dollar, Brilliant PR63+
'King of the Morgan Dollars'
1895 $1 PR63+ PCGS. CAC. The Philadelphia Mint did not issue silver dollars for general circulation in 1895, and produced only 880 proofs for sale to the collectors of the period. As a result, the 1895 Philadelphia issue is the sole proof-only date of the series and, in the words of Q. David Bowers, "is far and away the rarest date in the series." Ownership of an attractive 1895 proof is widely regarded as the mark of an advanced Morgan dollar collector, and gives a certain feeling of accomplishment to the series completist.

An examination of auction prices realized for proof coins between 2010 and 2014 yields some interesting finds. On average, examples graded PR60 to PR64 have realized between $35,402 and $48,156 with a low price variance for pieces certified PR61 to PR64. In Gem proof condition, mean prices realized in the last five years jumps significantly to $81,595. We conclude that this Plus-designated and CAC-approved Select representative offers an excellent opportunity for the discerning collector to acquire a higher-end piece with strong value for the grade.

The surfaces of this proof gleam with brilliance and are devoid of any toning. Moderately frosted design features show strong definition overall and contrast pleasingly against the reflective fields, with only minor strike incompleteness over Liberty's ear. Two small planchet voids between the AT in STATES and over the M in AMERICA serve as a future pedigree markers. Overall, this is a highly appealing example of a famed Morgan dollar rarity.(Registry values: N7079) (NGC ID# 27ZR, PCGS# 7330)

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