LOT #2635 |
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1901 $1 PR68 Cameo NGC....
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Sold on Jan 7, 2010 for:
$51,750.00
Bid Source: Mail/Fax bidder
Description
1901 Morgan Dollar, PR68 Cameo
Wayne Miller Plate Coin
Called 'Finest Known'
1901 $1 PR68 Cameo NGC. Ex: Miller Plate/Everest. Quality
Mint State 1901 Morgan dollars are extremely difficult to locate.
Most of the mintage was either released into circulation at the
time of issue or melted under the provisions of the Pittman Act in
1918. Very few business-strike 1901 dollars were saved by
collectors, and the date was not represented in the Treasury
releases of the 1960s. Today, most examples seen are in circulated
grades, and coins that are technically Uncirculated are usually
dull and unattractive. The issue is a prime condition rarity in the
series, more challenging at the Gem level than any other date from
the Philadelphia Mint, except the apocryphal 1895.The paucity of high grade business strikes has always put significant pressure on the tiny proof mintage of 813 coins. When the present coin was offered as lot 1396 of the Hoagy Carmichael and Wayne Miller Collections (Superior, 1/1986), the catalogers noted:
"Without question the Finest Known for this date. Fully gem coins of this date are very rare. Most pieces are hairlined. Because of the extreme rarity of the business strike 1901-P Dollar in gem condition, many Silver Dollar collections contain a Proof rather than a regular issue for this date. Consequently, the 1901 has always commanded a premium over most other Proof Morgans."
Silver dollar specialist Wayne Miller featured the coin offered here as the plate coin in his Morgan and Peace Dollar Textbook, and called this example "far and away the finest known specimen of this date." The coin is virtually perfect from a technical point of view. Both sides exhibit brilliant, deeply mirrored fields, with rich, frosty devices. The element of contrast is particularly strong. While NGC has graded one other example in PR68 Cameo (11/09), it is difficult to believe any specimen can match the present coin's extraordinary quality.
Ex: Essex Coins; acquired by Wayne Miller in January 1978; The Hoagy Carmichael and Wayne Miller Collections (Superior, 1/1986), lot 1396.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 27ZZ, PCGS# 87336, GSID# 7860)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Auction Info
2010 January Orlando, FL FUN US Coin Auction #1136 (go to Auction Home page)
Auction Dates
January, 2010
6th-10th
Wednesday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 1,666
Buyer's Premium per Lot:
15% of the successful bid per lot.
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