NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2006 Feb 07 @ 09:00UTC-8 : PST/AKDT
The Philadelphia Mint made 12,000 business strike Morgan dollars in 1895 -- so the annual report of the Mint director says. To date, collectors have failed to find even a single business strike 1895 Philadelphia Mint Morgan dollar. Although the story is well known to dedicated silver dollar collectors, we recap here three of the many possibilities surrounding this disappearing business strike issue:
A. The 12,000 coins reported in the Philadelphia Mint ledger could have pointed to the last of the 1894-dated coins delivered to the chief coiner.
B. Twelve bags of business strike 1895 Dollars could in fact have been struck, and then been held on to in Treasury vaults when they were melted after passage of the Pittman Act in 1918.
C. The cookie monster ate them.
Leaving aside "C" as problematic, may we propose that collectors might never know exactly where the Philadelphia Mint produced business strike dollars of 1895 went, or even if they existed in the first place. What we do learn from experience is that Morgan dollar collectors will eventually acquire one of the surviving Proofs from the 880-piece Proof set delivery in order to obtain a representative of the 1895 dollar.
This lovely Proof 67 example is among the finest specimens that we have offered in recent times. As a Superb Gem, it puts on view bright silvery mirrors around otherwise untoned yet wonderfully "ultra" frosted features. The glassy smooth fields and boldly impressed devices are equally free of grade-limiting blemishes, hairlines, or spotting. Extra strong contrast is noteworthy on both sides (unlike some of this issue where the devices are too modest to warrant even a Cameo designation). Having that in mind, we anticipate strong bidder demand for this magnificently preserved and appealing Proof rarity!
Auction Location:
9478 W. Olympic Blvd, Beverly Hills, California, United States
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