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1895 Morgan Dollar, PR64 Cameo
Sought-After Proof-Only Issue

1895 $1 PR64 Cameo NGC. Within the Morgan dollar series, few dates are as desired as the 1895 Philadelphia proof issue. Confusion reigns regarding whether or not the Mint actually struck circulation strikes in 1895. Records show a production figure of 12,000 coins, and researchers have put forth several theories to explain why examples have yet to come to light. Mass-melting under the Pittman Act of 1918 may have destroyed the reported 12,000-coin mintage, while clerical error suggests no circulation strikes were minted in the first place. Either way, this proof issue is the only option for collectors looking to complete a date and mintmark set. Although a mintage of 880 specimens is not impressive in itself compared to other proof mintages in the series, demand for the date is unparalleled -- the reason for which it has been dubbed "King of the Morgan Dollars."

The 1895 Morgan dollar is of such a storied past that it ranks 66th among Jeff Garrett and Ron Guth's 100 Greatest U.S. Coins. It leaves in its wake such legendary issues as the 1797 half dollar (68), the 1851 and 1852 Seated dollars (81-82), as well as the 1854-O, 1856-O, and 1861-S Paquet Reverse double eagles (97-99). Still, Morgan dollar collectors would likely argue that it should rank atop the list.

This sharp near-Gem example is exhibits strong Cameo contrast between the mirrored fields and the thickly frosted devices, while a few grade-defining hairlines are only visible with a loupe. A veil of light golden toning blankets each side, attesting to the originality of the surfaces. Census: 34 in 64 Cameo (1 in 64+ Cameo), 55 finer (7/14).(Registry values: N7079) (NGC ID# 27ZR, PCGS# 87330)

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Auction Dates
September, 2014
Internet/Mail/Phone Bidders: 6
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Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
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