LOT Old Heritage Auctions  /  2007 (ANA) Signature Coin Auction #444  / 

1771

1899 $1 PR68 Cameo NGC

Currency:USD Category:Coins & Paper Money Start Price:28,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1899 $1 PR68 Cameo NGC
<B>1899 $1 PR68 Cameo NGC.</B></I> The 1899 Morgan dollar is a curious issue with an even more curious history. Today it is viewed as a popular low-mintage issue that is generally found in the middle Mint State grades--but this was certainly not always the case. Bowers' <I>Guide Book of Morgan Silver Dollars </B></I>comments regarding the issue, "At the time these low-mintage dollars were coined, few were paid into circulation. Collectors wanting one had to buy a Proof. Then came the silver rush, and bags were paid out in the 1950s, with dealer Harry J. Forman nabbing about 10 bags of these coins from--of all places--Las Vegas. Probably from 50,000 to 100,000 Mint State 1899 dollars were released in that decade, followed by others later, including bags in Montana in early 1962 and thereafter, in California and Nevada."<BR> While the business strike 1899 Morgans have thus followed a path similar to the 1903-O Morgan, also virtually unknown at one time in Mint State, the proof 1899s have always been rare, like indeed every proof Morgan dollar in its original pristine state. The popularity of the 1899 business strikes, even though some have doubted their low recorded mintage figure of 330,000 coins, has spilled over to the proofs, with their original low mintage figure of 846 coins. <BR> The proof Morgan dollars of the late 1890s, the 1896-1899 issues, are also popular because they are well known for their generally high production quality, including numerous certified survivors in the PR68 and PR69 grades, some with cameo or deep/ultra cameo contrast. (The perfect PR70 grade is generally found only on modern issues.) <BR> This PR68 Cameo 1899 dollar is one of six coins so graded at NGC, with a single PR68 <img border='0' src='http://www.heritagecoins.com/images/star.gif' width=10 height=10> finer (7/07). PCGS has certified a single PR68 Cameo, with none finer. The silver-white surfaces on each side are essentially flawless with just a light blush of golden color near the rims and the much-desired black-on-white contrast so admired on these coins, contrast that borders on an Ultra Cameo designation. Close perusal with a loupe fails to reveal even the smallest hairline or minuscule contact evidence, an essentially pristine piece worthy of the finest collection.<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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