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Lot
4724

1895 $1 PR66 Cameo NGC....

2014 June 4 - 8 US Coins Signature Auction - Long Beach #1206

 
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Auction Ended On: Jun 5, 2014
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1895 Morgan Dollar, PR66 Cameo
Magnificent Key-Date Specimen
1895 $1 PR66 Cameo NGC. Numismatists have often speculated about the possible existence of any non-proof 1895 Morgan dollars from Philadelphia. Bowers, in his Silver Dollars and Trade Dollars of the United States, A Complete Encyclopedia (1993), quoted the traditional mintage figure of 12,000 business strikes for this date, although he noted: "I have never seen an authentic specimen. It is presumed that the entire mintage, if indeed it ever existed, consisting of only 12 mint bags, went to the melting pot under the provisions of the Pittman Act of 1918." In 2004, Bowers was more definite in his opinion regarding this issue. In The Official Red Book of Morgan Silver Dollars, Bowers states "In 1895, at the Philadelphia Mint, there was no coinage of silver dollars for circulation." Perhaps the alleged mintage of 12,000 business strikes in 1895 will never be definitively proven or disproven.

Among the finest specimens that we have ever seen, this Premium Gem proof displays essentially untoned surfaces that only exhibit hints of golden color on the high points of the design and along the rim. The deeply reflective fields and sharply struck devices are equally free of grade-limiting blemishes. Sharp contrast is evident on both sides and this factor easily warrants a Cameo designation. We anticipate significant bidder interest when this conditionally scarce example crosses the auction block. Census: 16 in 66 Cameo (1 in 66+ Cameo), 19 finer (4/14).
Ex: Central States Signature (Heritage, 4-5/2009), lot 2641; Dallas Signature (Heritage, 10/2009), lot 1115.
From The Cathedral West Collection.(Registry values: N10218) (PCGS# 87330)

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