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Lot
3765

1895 $1 PR65 Cameo PCGS....

2013 December 5 - 8 US Coins Signature Auction - Houston #1192

 
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Auction Ended On: Dec 5, 2013
Item Activity: 15 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010

Description:

1895 Morgan Dollar, PR65 Cameo
'King of the Morgans'
1895 $1 PR65 Cameo PCGS. Advanced Morgan dollar collectors all, sooner or later, confront the issue of Whether or Not To Buy an 1895 Morgan Dollar. On the one hand, no business strikes are known, despite the reported mintage of 12,000 pieces complementing the 880 proof coins. So collectors could feel more than justified in not owning an example, since it could be considered, effectively, a proof-only issue.

On the other hand: Collectors, by their very nature, strive for completeness, sometimes obsessively. Given the ownership of every other P-mint Morgan dollar, that empty hole or slot for the 1895 Philadelphia will rankle forever. Every numismatist makes his own decision, but given the perennial popularity of the proof 1895 Morgan, it is safe to say that most come down on the side of acquiring a nice example. This is an attractive specimen of the issue, long known as "The King of the Morgans." The fields are bright and contrast well with deep mint frost on the devices. A faint blush of gold toning appears on the obverse, more so on the reverse. This piece is identifiable by a minor blue speck on the branch end of the wreath above the first L of DOLLAR. In Gem grades the 1895 Morgan dollar is extremely popular, and most collectors desire to stretch a little for the key dates in their coin series of focus. The combined NGC and PCGS population reports note 34 Gem Cameo submissions with 46 higher. Population: 14 in 65 (1 in 65+) Cameo, 10 finer (10/13).
Ex: Dr. Hoffnagle Collection / Fort Lauderdale FUN Signature (Heritage, 1/2005), lot 30372, which brought $57,500. (Registry values: N7079) (PCGS# 87330)

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