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1895 $1 PR67 NGC....
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Description
Magnificent 1895 Morgan Dollar, PR67
'King of the Series' Proof-Only Issue
1895 $1 PR67 NGC. A proof mintage of 880 Morgan silver
dollars was accomplished in 1895. Records indicate that 12,000
business strike coins were also delivered in June of that year, but
no business strike specimen of this date has ever surfaced. After
114 years, it is extremely unlikely that any business strike coins
are waiting to be discovered in some numismatist's attic. The
entire 12-bag mintage may have been stored and melted under the
Pittman Act or the records may be just a phantom bookkeeping entry.
In any case, the tiny proof mintage represents the total available
supply for this important date.Fortunately, proof sets were extremely popular with collectors of the 1890s. A large portion of the original 1895 proof mintage was carefully preserved at the time of issue. Experts estimate perhaps as many as 700 examples are extant today, although some have been mishandled. The popularity of proof sets in the late 19th century can be illustrated by the holdings of George Earle, a Philadelphia financier who assembled one of the greatest collections of his time. When Henry Chapman offered his collection in June 1912, lots 3699-3746 revealed that Earle had acquired at least one proof set for every year from 1857 to 1896, except only the years 1858 and 1866. In some years, he purchased two or three sets. Modern collectors can be grateful to early numismatists like Earle for preserving the small supply of proof-only issues of the 19th century we know today.
The present coin is a marvelous example of this important issue. The surfaces are mostly brilliant, with just a touch of pale golden toning. The deeply mirrored fields contrast dramatically with the sharply detailed devices. A strong cameo effect is evident, although undesignated as such on the holder. No obvious impairments present themselves, and the overall eye appeal is outstanding. Census: 11 in 67, 3 finer (6/09).
From The Carson Silver Collection.(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
View all of [The Carson Silver Collection ]
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 1,414
Buyer's Premium per Lot:
15% of the successful bid per lot.
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