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    1895 Dollar, PR64 Cameo
    'King of the Morgan Dollars'

    1895 $1 PR64 Cameo NGC. The 1895 Morgan dollar is a showstopper for many collectors of this incredibly popular series. Collectors do have choices for the "other key," the 1893-S -- they can buy a low-grade circulated coin, such as a nice Very Good example, at a reasonable price; they can purchase a considerably more-expensive coin in the AU range, which will fit well in a mostly Mint State set; or the well-heeled, at least, can spring for a pricey Mint State example, trophy coins that are occasionally available in the marketplace for a sufficient outlay of cash.
    Fewer options exist for the proof 1895 Morgan dollar. Circulated or impaired proofs do exist, but most examples are lightly circulated at best. The lowest circulated grade at PCGS for which 1895 Morgan dollars survive in the double digits is PR45, and at NGC it is PR55. And an example of either coin will likely trade well up into the five-figure range.
    Many numismatists are loath to let facts get in the way of a good story, but the fact is, no business strike Morgan dollar has ever been conclusively authenticated; perhaps one never will. Given that only proofs are known, to some it defeats the purpose to purchase a circulated proof. Rather, series aficionados usually choose to obtain the nicest unimpaired proof they can, often as the capstone to a long collecting adventure. It is this demand from the many thousands of collectors for top-flight examples, as well as the limited supply, that ensures the 1895 will always hold the title of "King of the Morgan Dollars."
    This is a lovely example that displays pronounced cameo contrast on each side. The surfaces are untoned with a slight haziness. There are no obvious contact marks on either the obverse or reverse. The fields are deeply mirrored and the devices have notable mint frost, the combination of which produces the cameo effect seen here. Census: 32 in 64 Cameo, 55 finer (6/12).
    From The Lipman Family Collection.(Registry values: N7079)

    Coin Index Numbers: (NGC ID# 27ZR, PCGS# 87330)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


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    Auction Info

    Auction Dates
    August, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
    Page Views: 1,647

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