1895 $1, DCAM PR(PCGS#97330)

November 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

9157

等级

PR63+DCAM

价格

472,113

详细说明

Incredible Deep Cameo Proof 1895 Dollar The King of the Morgans 1895 Morgan Silver Dollar. Proof-63+ Deep Cameo (PCGS). Here is a truly majestic survivor from this prized issue that has long been heralded as the "King of the Morgan Dollars." Intense satiny luster blankets the central design elements, creating significant contrast with the reflectivity in the fields. The surfaces are largely brilliant, accented by hints of golden toning concentrated at the borders. This lovely Morgan dollar rarity is well struck and delightful to examine under a light source. The only issue in the popular Morgan silver dollar series of 1878 to 1921 for which only Proofs are confirmed to exist, the Philadelphia Mint 1895 has long enjoyed near-legendary status. Early generations of collectors were puzzled by an entry in Mint records that showed a circulation strike delivery of 12,000 coins for this year, and many theories arose to explain why the only 1895-dated examples were of the Proof issue. In an article titled "King of Morgan Dollars Revisited" (2006, 2018), Roger W. Burdette provides conclusive evidence from available government documents that, indeed, the Philadelphia Mint did produce 12,000 circulation strike Morgan dollars from 1895-dated dies on June 28 of that year. With the exception of six circulation strikes provided to the Assay Commission (along with four of the Proof 1895 dollars), the entire mintage of this issue must have remained in storage until the coins were destroyed through melting as part of the 270,232,722 silver dollars converted to bullion under provision of the Pittman Silver Purchase Act of 1918. In any event, every collector seeking to assemble a complete date set of Morgan dollars must acquire a Proof for the 1895, explaining the incredible demand for it in today's market. While a total of 880 Proof examples were reported, fewer than half of these survive, and a further half of those exhibit signs of mishandling. Just over 200 coins are estimated in grades of Proof-60 or higher, but many of these grade no finer than Proof-62 due to hairlines and other distractions. The present Deep Cameo example is an absolutely exceptional specimen, fit for a world class numismatic cabinet. Provenance: From the Monterrey Collection. PCGS Population: 2; 28 finer in this category (Proof-68+ Cameo finest). PCGS# 97330. NGC ID: 27ZR. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.