1895-S $1 MS66+ Prooflike PCGS. CAC....

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1895-S Morgan Dollar, MS66+ Prooflike
Registry-Grade Example
Finest Prooflike CAC, Ex: Wayne Miller

1895-S $1 MS66+ Prooflike PCGS. CAC. Ex: JCS Collection. There was little commercial demand for silver dollars in the national economy in 1895, as the effects of the Panic of 1893 and the repeal of the Sherman Silver Purchase Act were still being felt. Accordingly, mintage of Morgan dollars was not a priority at any of the active U.S Mints that year. Records indicate a token mintage of 12,000 business-strike examples was accomplished at the Philadelphia Mint, but none have ever been seen by numismatists. The New Orleans facility struck a small total of 450,000 pieces and the San Francisco production was even more limited, at a meager 400,000 specimens.

The 1895-S can be found in lower Mint State grades, as a few bags were released from the San Francisco Mint in the 1942-1950 time frame, but the issue was not well-represented in the Treasury releases of the 1960s. The most plentiful source of Mint State examples is the Redfield Hoard, which included about 1,000 examples of the 1895-S. Unfortunately, the Redfield coins suffered from rough storage and handling, and a number of pieces were damaged by an improper coin counting device. Although the issue is usually seen with a decent strike and attractive mint luster, excessive bag marks and surface abrasions severely limit the supply of high grade pieces. Accordingly, the 1895-S is an elusive issue in high grade and one of the keys to the Morgan dollar series.

The present coin appeared previously in lot 5039 of the FUN Signature (Heritage, 1/2009). At that time, the PCGS holder pedigreed the coin to prominent Morgan dollar specialist Wayne Miller. Miller had an outstanding eye for quality and formed one of the finest collections of Morgan dollars of all time. A Miller pedigree is a mark of distinction for any Morgan dollar. The design elements of this Plus-graded Premium Gem are sharply detailed throughout and the devices are richly frosted, providing bold cameo contrast with the reflective fields. The impeccably preserved surfaces are essentially brilliant, with a few wisps of gold and cinnamon in selected areas. The terrific overall eye appeal and outstanding technical quality are attested by the CAC sticker. This coin is the single-finest Prooflike example in the PCGS population data, but there is one finer coin with a Deep Mirror Prooflike designation (7/19). We expect intense competition from series specialists and Registry Set enthusiasts when this lot is called. CAC: 1 in 66, 0 finer (7/19).
Ex: Wayne Miller; FUN Signature (Heritage, 1/2009), lot 5039, realized $74,750; The Perfection Collection of DMPL/Prooflike Morgan Dollars / Central States Signature (Heritage, 4/2019), lot 3802, which realized $102,000.
From The Shucart Family (JCS) Collection of Morgan Silver Dollars. (Registry values: P8, N7079)

Coin Index Numbers: (NGC ID# 255Z, PCGS# 7239, Greysheet# 7623)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 400,000

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