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1895 $1 PR68 Cameo NGC....
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Description
1895 Dollar, PR68 Cameo
Tied for Finest Certified of This Key Issue
1895 $1 PR68 Cameo NGC. The 1895 proof silver dollar is a
legendary issue, guaranteed to fire the imagination of any serious
Morgan dollar collector. It is a coin whose origins are
straightforward--for the proof mintage, at least--but whose mystery
abounds. The conundrum is, of course, the well-known production
figure of 12,880 pieces, including 880 proofs and a supposed 12,000
business strikes. Many of today's older collectors can remember
blue Whitman Morgan dollar folders with the mintage figure of
12,880 beneath a round punch-out cardboard disc with the all-caps
headline RARE. It is noteworthy to mention that even if the unknown
12,000 business strikes did exist, the total mintage would still be
about one-eighth that of the 1893-S silver dollar (100,000 coins),
the undisputed business strike key to the series.There are a few collectors today who protest that the 1895 proof Morgan dollar is no rarer than the proof Morgans of many other years. While that may be true technically, it fails to put the issue in the broader perspective it merits. If there were only a couple of hundred Morgan dollar collectors, it would not matter that they must buy a proof 1895 to represent the issue. But since there are probably tens of thousands of serious Morgan dollar collectors, it matters a great deal.
Bowers' Buyer's Guide to Silver Dollars and Trade Dollars of the United States (third edition) comments concerning the 1895:
"Called 'The King of Morgan Dollars,' the 1895 is known to me only in Proof or impaired Proof form. I have never seen a business strike. It is believed that the 12,000 reported business strikes of this date represent an accounting entry error, and were never struck, or as mentioned earlier, probably were dated 1894. Recent research indicates the latter scenario is true.
"Of the 880 Proofs struck, more than half exist today. Typical 'nice' grades are Proof-63, Proof-64, and Proof-65. Within these categories, there are many variables as to quality. If you decide to add an 1895 to your collection, take your time and pick out a nice one."
Following Bowers' advice to "take your time and pick out a nice one," the collector simply cannot go wrong with this splendid example. Both sides are brilliant, and the fields are deeply mirrored with noticeable frosted contrast over the devices on each side. The quality seen here is actually suggestive of an 1896 or 1898 Cameo proof dollar, generally considered the high point of not only Morgan dollar proof production, but also of the other five series struck in those years. Incredible, must-see quality. Census: 7 in 68 Cameo, 0 finer (6/10).(Registry values: N10218)
Coin Index Numbers: (NGC ID# 27ZR, PCGS# 87330, GSID# 7842)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Auction Info
2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143 (go to Auction Home page)
Auction Dates
August, 2010
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 2,249
Buyer's Premium per Lot:
15% of the successful bid per lot.
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