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

3008

1895 $1 PR65 Cameo PCGS

Currency:USD Category:Coins & Paper Money Start Price:52,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1895 $1 PR65 Cameo PCGS
<B>1895 $1 PR65 Cameo PCGS.</B></I> The numismatic enigma surrounding the Philadelphia Morgan dollars of 1895 has only grown with complexity over the years. Along the way, one piece was authenticated as a business strike by ANACS in 1974, though this status was disputed and ultimately dismissed several years later. Eventually, most researchers, including Q. David Bowers, concluded that not only were there no business strike 1895 Morgan dollar survivors, but that the pieces had never existed in the first place. Most explanations dealing with that possibility supposed that the stated mintage of 12,000 pieces was an error, or else a meaningless accounting entry.<BR> In his 2006 article "Philly 1895 Morgan dollars", however, Roger W. Burdette re-evaluated Mint documentation and asserted that the pieces had, in fact, existed at one time. By combining several documents, including the Assay Commission's report and Mint records, he showed that the requisite blanks and dies were present for a single mintage of business-strike silver dollars on June 28, 1895, and he concluded that, save for a grand conspiracy involving falsehoods by both the Assay Commission and Mint personnel, the 12,000 Morgan dollars struck by Philadelphia in 1895 were real.<BR> If those business strikes did exist, however, it is likely none were paid out, and the whole issue was melted under the auspices of the Pittman Act. As a result, the 1895 silver dollar went the way of the 1870-S. Unlike that West Coast issue, however, the 1895 has an accompanying proof issue that is immensely popular with collectors today. The Gem offered here displays wonderful, distinctive contrast and vibrant visual appeal. The gleaming, strongly reflective fields show lovely gold and rose accents, while the portrait remains essentially snow-white. This delightful exemplar is an excellent candidate for a similarly graded set. Population: 9 in 65 Cameo, 6 finer (12/07).<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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