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    1895 Morgan Dollar, PR65 Cameo
    Attractive Proof Set Toning
    The Rarest Morgan Dollar Issue

    1895 $1 PR65 Cameo PCGS. Ex: Simpson. The fame of the 1895 proof Morgan dollar has endured for more than a century. Within a year of coinage, 1895 silver proof sets began to appear at auction, with the catalogers giving notice to the rarity of the dollar coin. The Chapman brothers believed that no circulation strikes of the dollar had been produced. That contemporary viewpoint endures to this the present day in light of the fact that no circulation strike has ever emerged, despite the value that would be attached to such a coin.

    Mint records indicate a coinage of 12,000 circulation strike dollars at Philadelphia in 1895, although the accuracy of those records is debated. One viewpoint is that the record was an accounting error, and that the 12,000 coins were of a different date, not 1895. Other researchers suggest that 12,000 circulation strikes were produced, but they were never issued and were later melted, likely under the terms of the Pittman Act of 1918.

    Whatever the case, no circulation strike 1895 dollars turned up in the Treasury releases of the 1960s, and no credible reports of such coins have ever emerged. Thus, a proof 1895 dollar is essential for a complete date and mintmark set of Morgan silver dollars, and as Michael Standish writes in Morgan Dollar, "this legacy drives the price of this essential Morgan Proof issue."

    The present coin is a lovely Gem Cameo. Both sides are richly toned in original multicolor toning, the sort of which that is often seen on original proof sets of this period. The centers, however, are brilliant, allowing for the contrast that earns a Cameo designation from PCGS. The preservation is exceptional, and eye appeal is equally impressive. Population: 18 in 65 (1 in 65+) Cameo, 19 finer; 6 in 65 (2 in 65+) Deep Cameo, 18 finer (4/20).

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

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Bidding Begins Approx.
    15th Friday
    Auction Dates
    3rd-8th Wednesday-Monday
    Proxy Bidding Begins Approx.
    79 Days
    Bids + Registered Phone Bidders: N/A
    Lot Tracking Activity: N/A
    Page Views: 202
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