1893-CC $1, BM PR(PCGS#7347)

The Regency Auction 31

拍卖行

Legend Rare Coin Auctions

批号

270

等级

PR65+BM

价格

2,044,304

详细说明

FROM THE YOUNG-DAKOTA COLLECTION Legend Rare Coin Auctions is proud to offer one of the most important rarities in the Morgan Dollar series: the Branch Mint Proof 1893-CC. This coin has a regal bearing in our office; clearly, this AMAZING Proof is a high-end GEM! Everything about this coin screams Premium Quality! Boasting ultra deep and brilliantly gleaming mirrored fields that have a strong reflective flash that are clearly that of a Proof and not a PL or DMPL Mint State piece. Rich toning in diffused shades of teal-blue, pale rose, iridescent orange, and a soft olive-russet blend together for a notable and purely original look. The toning pattern is unmistakable helping to trace the provenance of this important coin to the Cornelius Vermeule III Collection. Every detail is deeply and crisply embossed by a strong and forceful blow from the dies, creating exacting definition on both sides, and leaving the the devices with a wonderful frosted effect. A strong glass reveals incredible surface quality; indeed the only contact is a small mark on Liberty’s jawline that again helps match this coin to the Vermeule Collection. The eye appeal is truly SUPERB and seductive, daring the viewer to put this marvel of American numismatics down. This is what is known as a “Class 1” Branch Mint Proof, a coin where there is official mint documentation of the occasion of striking; an honor shared by only the 1879-O, 1883-O, and 1921-S Zerbe. While no one knows for sure how many were struck, the estimate of a dozen goes back to the days of Wayte Raymond, when he theorized these were struck to commemorate the closing of the famed Carson City mint. Over the years, numismatic scholars have expanded on the diagnostics that identify these few 93-CC Branch Mint Proofs, including Wayne Miller who wrote in his 1982, The Morgan and Peace Dollar Textbook, describing one of these Proofs: “Although some cameo contrast is evident especially on reverse, this coin is more brilliant than cameo Proof. The fields are deeply mirrored and the strike is very bold. The piece is an obvious Proof at first glance.” Most known examples were struck from the VAM-2 die pair, whose diagnostics include traces of recutting on the right side of the 3 in the date, some short die cracks that connect six obverse stars on the left and 3 on the right. A key diagnostic is the downward-right tilt of the CC mintmark. The estimated mintage figure of 12 was repeated by Walter Breen, who enumerated four known examples. In the 2001 Stack’s Catalog of the Vermeule Collection, the cataloger enumerated five: Amon Carter; Norweb; Eliasberg (called a “Deep mirror prooflike Gem, Possible Branch Mint Proof); King Farouk; and the Wayne Miller “1972 discovery” coin. Today, the total certified population (includes duplicate submissions, crossovers, etc) list 20 graded between PCGS and NGC in all grades and designations. We know, for a fact, over the years certain coins have been regraded, crossed over and perhaps their owners have yet to return the old inserts, making for a messy Population Report and Census data from the services. While the November 2001 Vermeule catalog does not list a previous pedigree, it is possible that like the FINEST KNOWN 1893-S Morgan dollar that immediately followed this coin, it was obtained directly from the mint, or from the person who did so. In the last decade, there have been four examples graded by PCGS and one NGC coin sold in auction: The Amon Carter coin, sold in our December 2014 auction, graded PCGS PR64 CAC (now a PR65); a PCGS PR64 CAM CAC that sold in August 2011; and this coin, which last sold in the 2012 ANA auction. The Greensboro coin, which was called a Branch Mint “Specimen” struck from a different set of dies (VAM-3, rather than VAM-2), graded SP65 by PCGS sold in the 2013 Central States auction. An NGC PR66 CAM also sold in July 2013. PCGS 2, NGC 3, CAC 2. This is the ONLY PR65+ graded at either service in any designation. As a PR65, this coin realized $218,500 in the 2012 ANA auction, and the current Collector’s Universe value is listed at $245,000, a figure that seems too low and is just a guess. Do not confuse this one with the Amon Carter coin. The only coin graded finer to have ever sold in auction is the NGC PR65 CAM that sold in July 2013 for $323,125 (likely the PCGS PR66 listed on the Population Report). This coin serves as the PCGS CoinFacts Plate Coin. It is indeed our pleasure to offer this important numismatic treasure in our Regency Auction 31. This is a major opportunity for the advanced collector to acquire one of the most historically significant Morgan dollar issues, a coin that has a classic look and great pedigree. The market for high end, rare Morgan dollars is very strong today, and for the advanced collector looking to set their set above the rest, this amazing and high end Branch Mint Proof is a coin that will take your collection to a completely different level! Cert. Number 26216912 PCGS # 7347