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1895 $1 PR67 Ultra Cameo NGC. CAC....
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Description
1895 Dollar, PR67 Ultra Cameo
Exceptional Philadelphia Mint Key
Among the 100 Greatest U.S. Coins
1895 $1 PR67 Ultra Cameo NGC. CAC. Ex: The Paramount
Collection. The 1895 is one of the famous keys in the Morgan dollar
series. It boasts a well-known mintage of 880 proofs. Mint records
show that 12,000 pieces were struck for circulation. However, none
have ever been located, meaning tens of thousands of collectors
must vie for one of the limited number of proofs available.Two theories exist to explain the lack of known circulation strikes for the 1895 Philadelphia Morgan dollar. One is that 12 bags (containing 1,000 coins each) were melted under the terms of the 1918 Pittman Act. The other explanation is that the 12,000-coin entries on the cashier's June 28 daily balance sheet and the coiner's monthly report were merely bookkeeping errors, representing coins actually struck the previous year and therefore dated 1894.
Whether the coins were struck but not released or never struck at all is something of a moot point, though it would be fabulous, if unlikely, to one day know for sure. What is certain is that, thus far, collectors have only been able to obtain proofs of this issue. The 1895 Morgan dollar ranks 30th among the 100 Greatest U.S. Coins ahead of the 1854-S presentation strike double eagle and behind the 1870-S Seated Liberty dollar.
While the 1895 is relatively plentiful in the absolute sense (i.e. without respect to demand) in non-Cameo grades, it is scarce with Cameo and rare with Ultra or Deep Cameo contrast. This is an exceptionally attractive Superb Gem proof with dramatic field-device contrast and totally brilliant, thickly frosted surfaces. Eye appeal is terrific, with the coin seemingly as fresh as the day it was struck. Census: 6 in 67 Ultra Cameo (1 in 67 ★ ), 6 finer (12/20).
From The Paramount Collection. (Registry values: P4)
Coin Index Numbers: (NGC ID# 27ZR, PCGS# 97330)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [The Paramount Collection ]
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