1895 $1, DCAM PR(PCGS#97330)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

拍卖行

Stack's Bowers

批号

1224

等级

PR64DCAM

价格

492,583

详细说明

Proof-Only 1895 Morgan Dollar Rarity 1895 Morgan Silver Dollar. Proof-64 Deep Cameo (PCGS). A beautiful Proof Morgan dollar irrespective of date, both sides exhibit delicate iridescent gold toning to fully impressed, boldly cameoed surfaces. Carefully preserved and virtually pristine, a wispy hairline in the left reverse field may be the only impediment to a full Gem grade. As the sole Proof-only issue in the popular Morgan silver dollar series of 1878 to 1921, the 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 880-piece Proof issue. Some said the circulation strikes were never released and were subsequently melted as part of the 270,232,722 silver dollars destroyed under the terms of the 1918 Pittman Act. Others believed these coins were never struck at all and the 12,000-piece figure represented nothing more than a bookkeeping error on the part of Mint personnel. Modern numismatic scholarship, however, suggests that the 12,000-coin mintage reported for 1895 represents a bookkeeping adjustment by the Mint to account for a final delivery of 1894-dated silver dollars. In any event, collectors seeking to assemble complete date and mint sets of Morgan dollars must acquire a Proof for the 1895.An interesting and very curious aspect of Proof 1895 dollars is that research at the American Numismatic Association Headquarters found that five (!) different obverse dies were used to create the mintage of just 880 coins. With superior technical quality and a pleasing appearance, the coin offered here offers a particularly important bidding opportunity. Provenance: From the Collection of Thaddeus A. Tatum III. Earlier from Heritage's Long Beach Signature Auction of September 2010, lot 4759. PCGS# 97330. NGC ID: 27ZR. Click here for certification details from PCGS.