LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3005

1895 $1 PR63 PCGS

Currency:USD Category:Coins & Paper Money Start Price:37,501.00 USD Estimated At:1.00 - 1,000,000.00 USD
1895 $1 PR63 PCGS
<B>1895 $1 PR63 PCGS. CAC.</B></I> The 1895 dollar is known as the "King of the Morgan Dollars" because it is the rarest and most sought-after date in the series. Ownership of this popular rarity is the true measure of completeness for a collection of Morgans--the 1895 proof is the only real "stopper" in the series.<BR> According to Mint records, there were 12,000 regular circulation dollars struck for 1895, along with 880 proof specimens. However, only proofs have been accounted for in the present day, leaving the question as to where the 12,000 business strikes went. Roger Burdette, in an article entitled "Philly 1895 Morgan Dollars" in the <I>Coin Values</B></I> supplement to <I>Coin World's</B></I> July 3, 2006 issue, writes: <BR><BR>"... during the past 110 years not one example has been conclusively identified. Every known 1895 Morgan silver dollar examined has turned out to be one of 880 proof pieces struck for collectors. What happened to these 12,000 coins? Were they hurriedly melted sometime during the last century? Did someone buy them all and store them in a vault in the Nevada desert? Did they actually exist or were they a bookkeeping convenience?"<BR><BR>We have no definitive answers to questions such as these, but they do serve to heighten the mystique of the 1895 Morgan dollar. What is for sure is that an 1895 proof is necessary for the completion of a Morgan silver dollar collection. And the lovely Select example presented in this lot will nicely fit the bill in this regard. Splashes of golden-brown, deep purple, and aqua-blue toning adorn both sides, and a powerful strike is manifested in sharp definition on the design elements, including complete separation in the strands of Liberty's hair and the feathers on the eagle. Well cared for surfaces are devoid of mentionable abrasions; it is only the presence of a few faint hairlines that blocks a higher grade. In any event, this is a marvelous example for the PR63 grade designation.<BR><BR><B>Coin Engraver:</B> George T. Morgan<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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