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1895 $1 PR68 Ultra Cameo NGC....

2010 December Houston Signature US Coin Auction #1147

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Auction Ended On: Dec 3, 2010
Item Activity: 13 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Magnificent PR68 Ultra Cameo 1895 Dollar
Among the Finest Survivors Imaginable
1895 $1 PR68 Ultra Cameo NGC. Were this magnificent PR68 Ultra Cameo specimen of another date, 1896 perhaps, it would "merely" be one of the finest proof Morgan dollars known. As an 1895, though, it becomes one of the half-dozen most desirable survivors from one of the half-dozen most desirable dates in the series. Out of 880 proofs struck, just a half-dozen coins have been graded PR68 or finer with the Ultra Cameo or Deep Cameo contrast modifier, as of (10/10): four PR68 Ultra Cameos at NGC, one PR68 Deep Cameo at PCGS, and one PR69 Ultra Cameo at NGC at the top of the list.
As the reference books are sure to state, only proofs have been verified for this issue. While verified is the appropriate term, as there are many rumors of circulation-strike survivors and a few outside chances (such as an assay coin escaping destruction), research in the last few years by Roger W. Burdette and other scholars has convincingly slammed the door on most theories. One of the 880 proofs, then, is the collector's only hope of completing the date set.
The 1895 proof issue is known to "come nice" like other dates nearby, and if not for the matter of the business strike, the 1895 would likely be known as an ideal type issue for the series. This specimen shows off how gorgeous examples can be, as its deeply reflective mirrors and thickly frosted devices are beautiful and perfect opposites. Just a hint of golden color touches the reverse rims, and only minor milky patina appears in the space under Liberty's chin. Exquisitely preserved, as expected of the grade, and simply a marvelous coin.(Registry values: P4) (PCGS# 97330)

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