There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
3372

1895 $1 PR66 Deep Cameo PCGS....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 4, 2012
Item Activity: 6 Internet/mail/phone bidders
1,961 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:

Exceptional 1895 Morgan Dollar, PR66 Deep Cameo
'King of the Morgan Dollars,' Ex: Jackson Hole
1895 $1 PR66 Deep Cameo PCGS. Among proof Morgan dollars, the 1895 is the date with the most cachet, and more than a century of numismatic scholarship has justified its position as the "King of the Morgan Dollars." Ownership of an example, even a worn or impaired piece, is a sign of numismatic connoisseurship, so it is hardly a surprise that so outstanding a set as the Jackson Hole Collection would have had an example. The exquisite preservation and contrast of this specimen practically ensure that it will become the cornerstone of another great set.
Several 19th century proof issues in American numismatics benefit from their association with key-date business strikes from Philadelphia. Coins such as the 1877 cent and 1885 and 1886 nickels command a dramatic premium in proof format, even though their rarity as proofs may be equal to that of specimens from nearby years. By contrast, certain proof-only issues attract the attention of fewer buyers, and they may trade for comparatively less. In fact, a number of proof-only dates in less popular series, coins such as the 1886 three cent nickel, exhibit only a modest spike in price.
The 1895 Morgan dollar intersects with these two classes in fascinating ways, and certain collectors choose not to obtain an example, since they consider it a proof-only issue. Mint records report 880 proofs, and many authorities believe the coins have a high rate of survival, with typical estimates between 600 and 700 specimens. The 12,000 regular-issue pieces listed for the year, however, are far more controversial. Among the sweeping retrospectives of Walter Breen's essential Complete Encyclopedia is his assessment of the 1895 dollars: "No business strikes known, though they were struck from at least one of the 5 obvs. and 4 revs. made for this mintage."
Few of Breen's statements have gone unchallenged, however, and in his 1993 work Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia, Volume Two, Q. David Bowers questioned the existence of circulation-strike examples, not just in the present, but in the past as well: "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." He concluded that there was significant evidence that the 12,000 circulation-strike 1895 dollars listed in the Mint's ledger were something else entirely. Roger W. Burdette (2006) has re-established the idea that the 12,000 pieces were struck but never left government vaults.
Yet generations of numismatists have held out hope for 1895 business strikes, through mass meltings and fruitless searches of bags released by the Treasury, and countless empty holes in as many cardboard folders save space for one. In many ways, what actually happened does not matter so much as what so many collectors have assumed; even if absolutely conclusive evidence came to light that the 1895 dollar was a proof-only issue all along, enthusiasm for specimens would continue undiminished.
There is plenty to admire about this gorgeous example. Both sides offer carefully preserved surfaces with deeply mirrored fields and highly lustrous devices. Whispers of golden patina grace the rims, but the centers present black-and-white contrast. The mirrors show exceptional reflectivity, and the boldly impressed devices have luxurious frost. Only a small contact mark at Liberty's upper neck denies this stunning piece an even higher grade, and a tiny lint mark below the wreath bow serves as an excellent pedigree marker. Population: 7 in 66 Deep Cameo, 5 finer (12/11).
Ex: Jackson Hole Collection/Dallas Signature (Heritage, 7/2006), lot 3010, which brought $126,500.
Seller is donating 100% of their proceeds, and Heritage is donating 100% of the Buyer's Premium, from the sale of this lot to the National Numismatic Collection at the Smithsonian Institution. See page 3 for details.
(Registry values: P4) (PCGS# 97330)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
910,951
bidder-members
$970,075,485
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 23 days left to consign to the 2015 February 25 - March 2 PNG Dallas Invitational US Coins Signature Auction - Dallas!
Learn About Consigning With Us
Thanks to Heritage I realized a handsome profit for my coin submissions and intend to send most of the remainder of my collection to Heritage Auction Galleries for future auctions.
Terrance Syrek
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
2014 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
REALIZED $9,614,728
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,041,265
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,817,724