SOLD
9,995.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2008 Apr 18 @ 20:02UTC-6 : CST/MDT
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<B>1878 8TF $1 --VAM 9 Presentation Piece--ANACS. MS62 Deep Mirror Prooflike.</B></I> Ex: Leroy Van Allen. VAM-9. A Top 100 Variety. Fey and Oxman (1997) call this variety "ultra-rare" and give it an R.8 ("unique or nearly unique in Mint State") rarity factor. The Presentation Piece designation is on the ANACS insert, although the <I>Top 100 Morgan Dollar Varieties </B></I>authors further note that "known specimens are typically proof-like as a result of the short production life of the reverse die."<BR> Per www.vamworld.com, "The 1878 VAM-9 Morgan Silver Dollar is the very first set of dies used to strike Morgan dollars! ... Detective work has revealed they began striking the new Morgan coins at 3:17 PM on March 11, 1878. The combination of the die and the time is known because a reporter was present at the event and the first coins struck were presentation pieces for President Hayes. His specific coin has been preserved and studied for die features and subsequently identified as a VAM-9."<BR> This particular variety is distinguished by a small, commalike side feather on the leg below the eagle's left (facing) wing. This wonderful coin bears many of the hallmarks of a proof, although true proofs are quite rare and most lack cameo contrast. This piece, with wonderful deep mirrors and thick mint-frosted devices, likely originated as a prooflike business strike, as noted above. The silver surfaces, tinged with gold, deepen at the rims to amber and champagne-pink. The strike is full, and despite a few light contact marks in the fields, this piece appears lovingly preserved. A special coin for a special collection.<BR> <I>From The Leroy Van Allen Collection.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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