1895 $1 PR64 PCGS....

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1895 Morgan Dollar, PR64
Beautifully Toned
'King' of the Morgan Dollar Series

1895 $1 PR64 PCGS. Obverse Die 4. The 1 in the date is right of centered over a dentil on this obverse. Four different obverse dies are documented for surviving 1895 proof Morgans. Five obverse and four reverse proof dollar dies were prepared for 1895, leaving the door open for a fifth 1895 proof obverse to be discovered. No circulation strike dies were prepared for Philadelphia Mint coinage, per Charles Barber's annual report of die manufacturing. These die records contribute to our current understanding of 1895 silver dollar coinage at Philadelphia, which has evolved over the decades. In the past, various theories were put forward regarding whether or not circulation strike 1895 dollars were produced, or if it was merely proofs, as conventionally believed. Much of this question remains unresolved, although relatively recent study by Roger Burdette of all known Mint documents pertaining to 1895 dollars solidifies what is and is not known.

Numerous Mint documents point to the coinage of 12,000 standard silver dollars on June 28, 1895, in response to an order from the Mint Director to strike 13,000 silver dollar blanks into coins to settle the books for the fiscal year. Samples of this coinage were sent to the Annual Assay along with samples of the proof coinage, and by most accounts, the coins were apparently dated 1895. The only Mint document to suggest the coins were not dated 1895, is the annual report of silver dollars reserved for the Assay Commission, which included the notation "12,000 Coined in 1894." This idea never repeats itself in any other documents surrounding either the production of the coins, or the assay of samples from the coinage. Burdette suggests the 1894 notation on the annual report "absent corroborating evidence, might be interpreted as referring to '12,000 coined from dollar blanks made in 1894,' although this remains a loose end."

While there remains no definitive answer as to whether circulation-strike 1895 Morgan dollars were produced, the volume of Mint documents pointing to the coinage of 12,000 standard silver dollars on June 28 1895 cannot be immediately written off as an accounting error. The question then becomes, if 12,000 circulation strikes were coined, what dies were used, and what happened to the coins? Since no circulation strike dies for silver dollars were prepared for Philadelphia in 1895, any coinage of such dollars were have had to have been accomplished with old 1894-dated dies, or with one of the proof die pairs. As for what happened to any coins potentially produced, the most likely explanation is still that they were melted in the silver dollar destruction brought about by the Pittman Act of 1918. Regardless of the answer to all this, the 1895 Morgan is today as it was in 1896: known only in proof format, and a scarce and highly sought-after coin.

This Choice proof displays beautiful sharpness throughout softly frosted devices, with glimmering fields that yield vivid blue and lavender border toning around champagne-gold interiors. Slivers of blue and green color weave through Liberty's hair curls, and the overall eye appeal is outstanding. A loupe reveals faint hairlines in the portrait, which are all that deny full Gem classification. Population: 62 in 64 (1 in 64+), 39 finer (2/25).(Registry values: N7079)
From The Cherry Villa Collection.

Coin Index Numbers: (NGC ID# 27ZR, PCGS# 7330, Greysheet# 7841)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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