1895-O $1 PR66 Cameo NGC. VAM-3....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 17.5% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Finest of Only Five Known Pieces
examples have been certified by NGC: two non-Cameo coins, one Cameo, and two Specimen strikes. Of those five coins, this is the highest graded.
Wayne Miller refers to a lightly hairlined coin he once owned that others (himself excluded) believed to be a branch mint proof. Otherwise the traditional literature on Morgan dollars is silent about the existence of proof 1895-O dollars. One must assume these pieces were considered by Miller and others as Deep Mirror Prooflike coins. But even the most casual glance at this coin shows this is clearly not a business strike Morgan dollar. It does, however, follow the pattern of
almost all other known branch mint proof dollars (except the 1879-O); it was struck from known circulation dies. There is nothing special about the VAM-3 variety. It is notable only for slight doubling at the top of the 5 in the date. But as with other branch mint proofs, this coin was adapted from existing dies. New Orleans Mint personnel obviously had a need for special strikes for some occasion or person(s), and they specially treated the VAM-3 dies. However, unlike some branch mint proofs, especially those from New Orleans, this piece shows no trace of die rust.
The die characteristics on this piece and we assume on the other 1895-O proof and specimen strikes, are:
1. Incomplete die polish in the field immediately between the upper and lower folds in the cap.
2. Evidence of heavy die lapping, most easily seen on the lowest curl and truncation of the neck of Liberty around the designer's initial, making that portion of the curl seem to "float."
3. Several other spotty areas of die polish on the obverse: in front of the eye, within the ear, below the ear, and several other patches of polish are scattered throughout the hair.
4. The reverse die was also heavily lapped. Several of the peripheral letters, especially the I in UNITED are attenuated.
5. Incomplete die polish is seen between the eagle's neck and right (facing) wing, within and around the bowknot, and around the berries in the first cluster just right of the bowknot.
These characteristics are roughly equivalent to what may be found on Philadelphia proofs of the same era. Not only is that remarkable when compared to P-mint coins, but it is unprecedented in our experience among branch mint proof strikings.
In the July 2007 Numismatist, Neil Berman wrote a column titled "Morgan Proofs and Specimens" in which he laid out the general guidelines for branch mint proofs and briefly reviewed those he had seen. For the general guidelines, he wrote:
"These pieces display bold detail for the date, although weak strikes are acceptable on those issues that typically are not sharp. Proof and specimen examples exhibit square or wire rims because of the extra pressure put on the planchet during the striking process. Since the U.S. Mint did not dump these Morgans into sacks following their manufacture, they are devoid of bagmarks,
although other damage can be present. Such coins should exhibit deeply reflective proof fields (a result of the specially polished planchets and polished dies). Lastly, all the coins have mintmarks.
"A lack of any one of these characteristics does not disqualify a coin from being a proof or specimen, but the absence of several certainly puts the coin in question. Keep in mind that the equipment at the branch mints was inferior to that at the Philadelphia Mint; consequently, their products tended to be of lesser quality." [Emphasis ours.]
This dollar meets all the criteria set forth above, except for squared rims. The lack of squared rims was certainly not from a lack of striking pressure, though. Unlike most 1895-O dollars, which are poorly struck, this piece has an absolutely full strike. That means complete hair detail over the ear as well as full feather definition on the eagle. The fields show extraordinary depth of mirroring, quite unlike that seen on Morgan dollars of other dates that are Deep Mirror Prooflike. Die polishing is complete from rim to rim, except for the minute areas noted above. And as Berman noted in his column, this piece lacks bag marks. There are contact marks, as one would expect to see on a proof, but it lacks the tiny abrasions Morgan dollars display that were housed for years or decades in canvas bags. The most obvious contact mark is a shallow, angling abrasion just behind the mouth of Liberty. On the reverse, there are three shallow planchet defects in the field below ED of UNITED. Otherwise, the surfaces are brilliant with no evidence of color on either side. The devices are nicely frosted, yielding noticeable field-device contrast on both sides. In-person inspection of this dollar will remove any doubt from a prospective bidder's mind. As Walter Breen
used to say, "It carries its own credentials."
Ex: ANA Auction (Stack's Bowers, 8/2011), lot 7452.
Service and Handling Description: Coins & Currency (view shipping information)