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Lot
7374

1899 $1 PR68 Cameo PCGS....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 8 Internet/mail/phone bidders
892 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1899 Morgan, PR68 Cameo
Sole Numerically Finest Example at PCGS
1899 $1 PR68 Cameo PCGS. Ex: JFS Collection. Many collectors of the perennially popular Morgan dollar series have a particular fondness for the 1899 issue, due in no small part to the business strikes' memorably low mintage figure of 330,000 pieces. This puts this P-mint issue second-lowest among the Philadelphia issues, behind only the 1894-P at 110,000 coins. The proof mintage figure for 1899, however, was an unremarkable 846 coins. (None of the proof mintages after 1878 are remarkable; the 1895 proof issue is remarkable only for the lack of known business strikes and some associated bookkeeping anomalies.)
The 1899 Morgan dollar proofs, however, are interesting in another way: There are few Deep Cameo proofs of the issue certified at PCGS -- six submissions, to be exact. Among them, the single finest certified is a PR66 Deep Cameo. While Cameo-designated specimens of the 1899 are considerably more numerous than Deep Cameos, the number of non-Cameo 1899s is nearly seven times as large as the Cameo examples -- 222 submissions versus 32. Bearing those facts in mind, Q. David Bowers' comment in his series Guide Book comes as little surprise: "Proof dollars of 1899 are fairly good contrast but not as 'cameo' as certain immediately preceding years."
The present JFS Collection coin is another memorable example, one that combines good if not deep cameo contrast with flashy mirrors and technical perfection, which is this coin's trump suit. In fact, as with some other Morgan dollars in this collection, the present PR68 Cameo is the single finest numerically graded of the issue at PCGS. The surfaces are not quite brilliant, but they are close, and even with a loupe, mentionable distractions are simply not an issue.
From The Paul Taylor Collection of Proof Morgan Dollars.(Registry values: N7079) (PCGS# 87334)

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