1895 $1 PR67 NGC....

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Sold on Apr 30, 2009 for:

$69,000.00 Bid Source: Internet bidder

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PR67 1895 Dollar, Key In-Demand Morgan

1895 $1 PR67 NGC. The Philadelphia Mint delivered 12,000 business strike Morgan dollars in 1895--at least that's what the official government records say. To date, collectors have failed to confirm the existence of a single business strike 1895-P Morgan dollar. Although well known to specialists, we repeat here two of the more popular theories surrounding this fantastic business strike issue:

--The 12,000 coins reported in the Philadelphia Mint ledger could have represented the last of the 1894-dated coins delivered to the chief coiner.
--Twelve bags of business strike 1895 dollars could have been produced, yet retained in federal vaults until they were destroyed by melting, after passage of the Pittman Act in 1918.

While recent research by Roger Burdette has deepened the mystery, it has failed to completely put to rest any of the theories presented here. Perhaps we will never know whether the Philadelphia Mint produced business strike dollars in 1895 or, if it did, what happened to all of them. What we do know for certain is that Morgan dollar specialists must acquire a survivor of the 880-piece proof delivery in order to have a representative of the 1895 Philadelphia issue.
Among the finest specimens that we have offered in recent years, this Superb Gem displays delicate champagne rim accents around otherwise untoned features. The glassy fields and boldly impressed devices are equally free of grade-limiting blemishes. Considerable contrast is evident on both sides, sufficient for a Cameo designation in the eyes of some of our catalogers. Regardless, we anticipate strong bidder demand for this carefully preserved and appealing proof. Census: 12 in 67, 3 finer (3/09).
Ex: Hans Poetsch Collection (Heritage, 9/2002), lot 7659.(Registry values: N10218)

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

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 880

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